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The Micro DME Oman Crude Oil Futures contract expiring in May 2024 has an expiry settlement price of 82.42 USD. The contract series code is OMOIL N24 and the Contract ID is OIL240524001. This information, issued on 24 May 2024, is available on the Dubai Financial Market website. It is subject to change and should not replace the relevant Dubai Financial Market Regulated Derivative Contract Trading Regulation.
The weekly trading summary for DFM Regulated Short Sell Transactions from 20 May 2024 to 24 May 2024 reports no RSS trades during this period. Further information on RSS can be found in the DFM Market Rules Module Three Membership, Trading, And Derivatives Rules and Operational Model and Procedures for Implementation of Regulated Short Selling on the DFM website. This information is subject to change and DFM is not liable for any loss resulting from the use of this data.
Shuaa Capital PSC, a financial investment company, is licensed and regulated by the Securities and Commodities Authority under license number 630307 and commercial license number 200219. The company's headquarters is located in the H Hotel, Office Tower, 15th floor, Office No. 1502 in Dubai, UAE. The company's board of directors plans to make decisions on the following matters on Tuesday, May 28, 2024: 1. Review and approve the audited consolidated financial statements for the fiscal year ending December 31, 2023. 2. Review the company's annual report, including the governance report, and approve it. 3. Recommend the appointment of the company's auditors for the fiscal year ending December 31, 2024, and determine their fees, subject to the approval of the company's shareholders. 4. Consider inviting the annual general assembly of the company for the year 2023, subject to regulatory approval, with the delegation of the Managing Member and/or the company's CEO to take all necessary actions in this regard in accordance with applicable regulations and laws.
Sukoon Insurance PJSC has notified the Dubai Financial Market of a Board of Directors meeting to be held on Wednesday, 29th May 2024 at 10:00 am. The meeting will take place at the company's head office in Dubai and via Teams video conferencing. The agenda includes a general review of the company's business. The notification was sent to Mr. Hamed Ahmad Ali, Executive Chief Officer of the Dubai Financial Market, and copied to Mrs. Maryam Butti Al Suwaidi, Deputy CEO of Licensing, Supervision, Enforcement Affairs at the Securities and Commodities Authority.
On May 24, 2024, Mr. Mohamed Alsayed Alhashmi was appointed as a member of the Board of Directors of the Islamic Arab Insurance Company - Salama P.S.C. This appointment was made following his nomination by the Board of Directors and approval by the Central Bank of the United Arab Emirates.
Dubai Electricity and Water Authority (DEWA) has signed a memorandum of understanding (MoU) with Parkin, Dubai's largest supplier of paid public parking facilities, to increase the number of EV 'Green Charger' stations. The initiative aims to enhance sustainability and promote the use of electric vehicles (EVs). As part of the UAE's commitment to sustainability and green mobility, the move supports the National Electric Vehicles Policy and the Dubai Green Mobility Strategy 2030. As of April 2024, there were over 30,000 EVs in Dubai, with the figure expected to rise in the future. The number of customers registered with the EV Green Charger initiative also increased to over 15,000 by March 2024.
The Board of Directors of Takaful Emarat Insurance PJSC has invited its shareholders to the annual general assembly meeting, which will be held both physically and electronically on Friday, 14 June 2024. The agenda includes reviewing and approving the Company’s Board of Directors report, the Auditor’s Report, the Internal Shariah Supervisory Board’s Report, and the Company’s balance sheet for the year ended 31 December 2023. The meeting will also appoint members of the Internal Shariah Supervisory Committee, discharge the members of the Board of Directors and the auditors from liability for the year ended 31 December 2023, appoint the auditors for the year 2024, and approve the reinstatement of the Company Articles of Association. A special resolution will be considered regarding the continuation or dissolution of the company's activity prior to its prescribed term, in accordance with federal law.
Resolution No. 420 of 2024 addresses the temporary suspension of trading on the shares of the United Fidelity Insurance Company (P.S.C). The suspension is due to the company's failure to submit the results of their Board of Directors meeting. The suspension will start from 24th May 2024 until the company discloses the meeting results. All department heads in ADX are required to implement this resolution in their respective fields. The resolution is to be circulated to the Securities and Commodities Authority (SCA), the concerned company, all departments at ADX, and all brokers accredited by ADX. The resolution was approved by the authorised person and issued on 24/05/2024.
On 24th May 2024, Presight, a leading big data analytics company, and Dell Technologies announced a strategic partnership to accelerate digital transformation and innovation across various sectors. They aim to integrate advanced technologies and develop Smart City solutions that incorporate green technologies and liquid cooling systems to reduce environmental impact and enhance efficiency. The partnership also focuses on driving AI research and development, aiming to create more livable, efficient, and sustainable urban environments through technology and big data analytics.