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On 5 August 2024, the Board of Directors of Presight AI Holding PLC issued written resolutions by circulation. The resolutions included the approval of the company’s financial statements for the six-month period ending on 30 June 2024, the appointment of Mr. Charles Thomas Kelly as Secretary of the Board, and other general business matters. This notification was addressed to the Market Operations and Surveillance Department of the Abu Dhabi Securities Exchange and copied to the Securities and Commodities Authority. The communication was signed by Mr. Thana Pramotedham, the Chief Executive Officer.

International Holding Company (IHC), a diversified conglomerate based in Abu Dhabi, has announced the formation of Rorix Holdings, a global finance and trade facilitation company. Rorix Holdings will focus on financial services, trade finance, advisory, commodities, and trade insurance sectors. This initiative aims to foster economic development by providing access to new markets for local, regional, and global businesses through the UAE. The company will leverage advanced technologies and trade solutions to support businesses of all sizes, aligning with the UAE’s Comprehensive Economic Partnership Agreement (CEPA) strategy. Rorix Holdings will also form strategic partnerships with both UAE and international stakeholders to enhance trade and economic growth.

Palms Sports, a leading sports management company and the largest provider of Jiu-Jitsu training, has renewed a two-year government contract worth AED 49.5 million. This renewal continues a successful partnership that began in 2015, aimed at enhancing national capabilities through sports. The company offers specialized training in Jiu-Jitsu and self-defense, led by 60 highly skilled coaches. The renewed contract underscores Palms Sports' commitment to excellence and its strong relationship with the government sector. CEO Fouad Darwish expressed pride in the partnership, emphasizing the company's dedication to fostering innovation and professionalism in sports. Palms Sports aims to drive growth and build a thriving sports ecosystem, solidifying its position as a leader in the industry.

International Holding Company (IHC), a diversified conglomerate based in Abu Dhabi, has announced the formation of Rorix Holdings. This new global finance and trade facilitation company will focus on financial services, trade finance, advisory, commodities, and trade insurance sectors. The initiative aims to support economic development by providing local, regional, and global businesses access to new markets through the UAE. Rorix Holdings will contribute to the UAE’s economic diversification by promoting innovation, growth, and sustainable development. It will offer comprehensive services and advanced solutions to boost trade volumes, attract foreign investment, and foster economic partnerships. The CEO of IHC, Syed Basar Shueb, highlighted that Rorix Holdings will leverage the latest technologies and trade solutions to support businesses of all sizes in the international marketplace. The company will also form strategic partnerships with various stakeholders to facilitate seamless international trade.

ADNOC Drilling Company P.J.S.C. has released a review report and condensed consolidated financial information for the six-month period ending on June 30, 2024.

Enersol, a joint venture between ADNOC Drilling Company and Alpha Dhabi Holding, has signed an agreement to acquire a 100% equity stake in EV Holdings Ltd. for approximately $45 million. EV Holdings is a global provider of vision-based diagnostics and analytical services in the oil and gas sector, with a presence in 36 countries. This acquisition aligns with Enersol's strategic vision to become a technology-centric investment platform and marks its third acquisition, bringing total commitments to around $550 million since inception. The transaction is subject to regulatory approvals and closing adjustments.