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The Board of Directors of Sudatel Telecom Group Ltd. held its regular meeting No. 2/2024 on Monday 13/05/2024. During the meeting, the board approved the consolidated financial statements of the company for the first quarter of 2024.
On 16 May 2024, Alpha Dhabi Holding PJSC notified the Abu Dhabi Securities Exchange that it has received approval from the Securities and Commodities Authority to hold its Annual General Assembly on 10 June 2024 at 3:30 pm local time. The invitation will be published in two daily newspapers in accordance with commercial companies law. The invitation and agenda for the meeting, along with guidance notes regarding attendance and proxies, were attached to the notification.
The Market Operations Surveillance Department of the Abu Dhabi Securities Exchange has disclosed a board meeting for Fujairah Cement Industries (PJSC) on 20/05/2024. The meeting will start at 11:00 AM and will include a general discussion about the company's current situation with EY (Ernst & Young) financial advisor, which won't impact the company's share price. Normal operational matters will also be discussed. The General Manager, Saeed Ahmed Ghareib Alser eidi, has been copied in the disclosure.
Ooredoo Oman, a subsidiary of Ooredoo Q.P.S.C., has signed an agreement to land the world's largest subsea cable system, 2Africa, in Barka and Salalah, marking the most extensive subsea cable system landing in Oman. The 2Africa Cable System, which spans 45,000km, will impact over 3 billion people in 33 countries across Africa, Asia, and Europe. The consortium behind 2Africa includes Bayobab, center3, China Mobile International, Meta, Orange, Telecom Egypt, Vodafone Group, and WIOCC, while Alcatel Submarine Networks is responsible for the cable's manufacturing and installation. Ooredoo Oman will develop a new build landing infrastructure for both Barka and Salalah and maintain it in the coming decades.
Presight, a leading big data analytics company in the region, and Intel, a global leader in cloud computing and AI solutions, have entered into a strategic collaboration. The partnership aims to accelerate applied AI projects and develop advanced AI solutions in the Middle East. This collaboration will involve mutual innovation, knowledge-sharing through technical workshops, and the creation of technology roadmaps. The goal is to empower developers in optimized AI application development, leading to innovative AI solutions that address the region's unique challenges and opportunities. The MOU also emphasizes strengthening AI data security and privacy using confidential AI technologies. This includes protecting sensitive data used in AI models throughout the AI lifecycle. Intel's trust authority technologies will be used to verify the trustworthiness of platforms running AI models, ensuring data security and integrity across the AI ecosystem.
On 15th May 2024, GFH Financial Group B.S.C. (Trading Code: GFH) announced the successful completion of its webcast for the first quarter 2024 financial results. The live webcast session was held at 1:00 p.m. Kingdom of Bahrain time. The announcement followed GFH's market notification dated 14th May 2024, inviting shareholders and investors to attend the webcast. The presentation discussed during the session and the script of the live webcast were attached in the announcement. The information was provided by Mariam Jowhary, Head of Compliance & AML at GFH Financial Group B.S.C.