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The Board Meeting Disclosure Form for Aldar Properties PJSC is scheduled for Monday, 29th July 2024, starting at 09:00 am. The meeting agenda includes discussing the company's financial performance for Q2 2024 and considering general business, operational, and strategic items. The authorized signatory for this disclosure is Mohammad H. Abedalrahman, who holds the position of Company Secretary.
The Market Operations Surveillance Department of the Abu Dhabi Securities Exchange has disclosed that Fujairah Cement Industries (PJSC) will hold a board meeting on Monday, July 29, 2024, at 11:00 AM. The agenda includes the approval of the minutes from the last meeting, reviewing the General Manager's report and the company's performance up to June 30, 2024, approval of the financial statements for the same period, a general discussion about the company's current situation with their financial advisor Ernst & Young, and other matters. The General Manager, Saeed Ahmed Ghareib Alseridi, has been informed, along with the SCA.
ADNOC Logistics and Services (ADNOC L&S) and its joint venture with Wanhua Chemical Group, AW Shipping, have awarded shipbuilding contracts worth $1.9 billion to Jiangnan Shipyard in China. The contracts include the construction of nine Very Large Ethane Carriers (VLECs) for approximately $1.4 billion and two Very Large Ammonia Carriers (VLACs) for about $250 million, with an option for two additional VLACs. The new vessels, which will be among the world's largest ethane and ammonia carriers, will feature energy-efficient dual fuel engines. The VLECs will be deployed on 20-year charter contracts, generating around $4 billion in revenue. The contracts were signed in a ceremony in Beijing, attended by notable officials including UAE Minister Dr. Sultan Ahmed Al Jaber.
Emirates Integrated Telecommunications Company PJSC reported strong financial results for Q2 2024, with quarterly revenues growing by 7.3% to AED 3.6 billion. The first half EBITDA margin expanded to 44.0%, and net profits increased by 54.2% year-over-year. The Board of Directors approved an interim cash dividend of AED 0.20 per share, a 53.8% increase year-over-year. Key achievements include a strategic partnership with Oracle Alloy in their ICT business. Operating highlights include a 2.9% year-over-year growth in the mobile customer base to 8.2 million subscribers, with postpaid customers increasing by 11.3% to 1.7 million. The fixed customer base grew by 12.7% year-over-year to 630,000 subscribers, driven by new offerings such as Home Wireless Gaming. EBITDA increased by 3.2% to AED 1.6 billion, and net profit rose by 46.3% to AED 581 million. Capex was AED 442 million, and operating free cash flow increased by 10.9% to AED 1.1 billion.
Islamic Arab Insurance Company – SALAMA (PSC) will hold a board meeting on Thursday, 25th July 2024 at 3:00 pm. The agenda includes electing the Board Chairman and Vice Chairman, and appointing members to the Board committees. This announcement was authorized by Khaled Barakat, General Counsel and Board Secretary, on 22nd July 2024.
The document is a review report and condensed consolidated financial statements for Emirates Integrated Telecommunications Company PJSC and its subsidiaries, covering the six-month period ending on June 30, 2024.
On July 22, 2024, the Islamic Arab Insurance Company (SALAMA) held its General Assembly meeting at the company headquarters with remote participation options. The meeting started at 3:00 pm and ended at 3:12 pm. The total attendance represented 51.4635% of the company's capital, divided into 26.5154% authenticity and 24.9482% proxy. Key decisions and resolutions included: 1. Approval of the appointment of Mr. Mohamed Alsayed Alhashmi as a new Board member, replacing Mr. Ajit Joshi who resigned on March 11, 2024. Mr. Alhashmi will serve until April 2026. 2. Discharge of the resigned Board of Directors, including H.E. Saeed Mubarak AlHajeri (Chairman of the Board), H.E. Mohammed bin Abdulaziz AlShehhi (Vice Chairman of the Board), Mr. Ammar Ali Mohamed Jaber, and Mr. Fahad Abdulqader Qassim Abdulla Alqassim, from liability. The meeting was chaired by H.E. Saeed Mubarak Alhajeri, and the results were disclosed by Khaled Barakat, General Counsel and Board Secretary, on the same day.
Mashreqbank PSC has announced that a Board of Directors meeting will be held on Thursday, July 25th, 2024, at 10:00 am. The agenda includes the approval of the minutes from meetings held on April 19th and 25th, 2024, approval of the Bank’s financial statements for the second quarter ending June 30th, 2024, discussion of normal business activities, and any other business matters. The notice is addressed to Mr. Hamed Ahmad Ali, CEO of Dubai Financial Market, and is signed by Shaima Al Obeidli, Head of Corporate Governance & Group Company Secretary. A copy of the notice is also sent to the Securities & Commodities Authority.