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Drake & Scull International has successfully closed a new capital increase subscription, surpassing 150% of the required capital for its restructuring process. The new capital increase reached over AED 450 million, enabling the company to meet its capital requirements and aiding in the completion of its restructuring. The company is preparing to resume share trading on the Dubai Financial Market, pending regulatory approval.

Al Mal Capital is inviting all unitholders of Al Mal Capital REIT to attend the General Assembly meeting scheduled for 21st May 2024 at 1:00 PM. The meeting will be held at the Al Mal Capital head office in Dubai, and can also be attended remotely via a provided link. The agenda includes approval of a transaction related to real estate assets of a premium K-12 British curriculum school in Dubai, valued at AED 410 million. The transaction involves multiple related parties to the Fund Manager and unitholders in the REIT. Other agenda items include approving amendments to the REIT’s prospectus regarding a recent Capital Increase transaction, and discussing other matters concerning the REIT. Unitholders will receive an SMS with a link for electronic registration, attendance, and e-voting before the meeting.

The Abu Dhabi First Bank (FAB) has released a statement acknowledging recent market speculations. The bank reassures its focus on executing its growth strategy and providing strong returns to its shareholders. The statement also mentions that the bank may engage in strategic discussions about expanding its operational network in line with its overall banking operations. FAB ensures that any significant disclosures will be made in accordance with regulatory requirements.

The National Investor PrJSC has announced that a remote meeting of the Board of Directors will be held on May 29, 2024, at 3:00 pm. The agenda includes discussing a non-binding offer from a related party for the purchase of a company-owned real estate asset, along with other routine business matters. The results of the meeting will be disclosed after it has taken place.

The General Meeting (GM) of Presight AI Holding PLC took place on Tuesday, 21st May 2024, from 4:00 PM to 4:30 PM. The meeting was held both in-person at the Rosewood Abu Dhabi Hotel at Al Maryah Island in Abu Dhabi and virtually via online attendance. The Chairman of the Board of Directors, H.E. Mansoor Ibrahim Ahmed Saeed Almansoori, chaired the meeting. The quorum of total attendance was 90.06% of the capital. The letter does not mention the decisions and ordinary resolutions of the GM.

The National Bank of Ras Al Khaimah (P.S.C.) has invited its shareholders to a General Assembly Meeting on Thursday, 13th June 2024 at 10:00am. The meeting can be attended in person or virtually. The agenda includes authorizing the Chairman to appoint the meeting's Secretary and Vote Collector, issuing new regulatory capital securities to strengthen the Bank's capital adequacy ratio, undertaking any liability management exercise with respect to the issued securities, preparing and entering into necessary finance agreements, and authorizing the Board of Directors to determine the timing of the issuances and implement special resolutions adopted by the general assembly.