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The Ras Al Khaimah National Insurance Company PSC has announced a board meeting scheduled for Wednesday, 12th June 2024, at 11:00 AM UAE time. The meeting will be held at the company's head office in Ras Al Khaimah and will also be accessible via video conference. The agenda includes general business matters related to the company's activities that do not impact the share price, as well as any other business. The announcement was made by the company's CEO, Sanjeev Badyal.
Agthia Group PJSC has announced the completion of procedures related to the restructuring of the indirect stake of minority shareholders in Ismailia Agricultural and Industrial Investment Company – Furat (Atyab) for the benefit of AG Synergy Holdings 1 RSC LTD. This follows a disclosure made on 14 March 2024. The notification was addressed to the Abu Dhabi Securities Exchange and the Securities and Commodities Authority.
The Abu Dhabi National Hotels Company (PJSC) is a public joint stock company established in Abu Dhabi, UAE, in accordance with Law No. 3 of 1975 and its amendments. It is registered with the Department of Economic Development in Abu Dhabi under commercial registration number CN-1002138. The company operates under Federal Law No. 8 of 1984 on Commercial Companies, which was repealed by Federal Law No. 2 of 2015, requiring amendments to the company's Articles of Association. The General Assembly of the company approved these amendments on June 20, 2016, to comply with the new law. Further amendments were approved on February 24, 2020, to align with Federal Law No. 3/RM of 2020, adopting the Corporate Governance Guide for Public Joint Stock Companies.
Presight AI Holding PLC has completed a transaction involving the purchase of a 51% equity stake in Matrix JVCo Ltd, a joint venture between G42 Investments AI Holding Ltd and Abu Dhabi National Oil Company (ADNOC). The total consideration for the transaction was $350 million, paid in two tranches: $245 million upon completion and $105 million to be paid by December 30, 2024. The transaction was approved by the company's shareholders at a general meeting on May 21, 2024, and all necessary conditions and regulatory approvals have been satisfied.
On June 6, 2024, the Board of Directors of Emirates Driving Company PJSC held a meeting from 2:00 p.m. to 3:40 p.m. with four board members present, achieving an 80% quorum. The board agreed to proceed with the acquisition of a stake in a domestic company, with details to be disclosed after completing official procedures and negotiations. Additionally, the board discussed the company's workflow and project progress. The meeting was authorized and signed by CEO Khaled Al Shemeili on June 7, 2024.
Dana Gas PJSC has scheduled a board meeting for Wednesday, 12 June 2024, starting at 11:00 AM. The agenda includes discussions on the company's operations in Egypt, the United Arab Emirates, and the Kurdistan Region of Iraq, ratification of Q1 2024 financial statements, and other routine matters. The disclosure form is signed by Omran Al Zamani, the Board Secretary, on 7 June 2024.