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On July 9, 2024, Agility Public Warehousing Company K.S.C.P. (Agility) announced an update regarding a legal case with the Republic of Iraq. The case, originally decided on February 22, 2021, involved Agility's claims of Iraq's expropriation of its $380 million investment and breaches of the bilateral investment treaty between Kuwait and Iraq. An Annulment Committee under the International Centre for Settlement of Investment Disputes (ICSID) partially annulled the original arbitral award, agreeing that the original Tribunal had failed to scrutinize Iraq’s actions properly. Consequently, Agility can now re-file its claims before a new arbitral tribunal. There is currently no financial impact from this decision.
Resolution No. (432) of 2024 temporarily suspends trading of RAPCO Investment PJSC shares on the Abu Dhabi Securities Exchange (ADX) starting at 09:30 on July 16, 2024, due to a Board of Directors meeting coinciding with the trading session. Trading will resume once ADX receives the meeting results. The resolution mandates all relevant ADX departments to implement the suspension and requires circulation to the Securities and Commodities Authority (SCA), RAPCO, all ADX departments, and accredited brokers. This resolution was approved by the authorized person and issued on July 10, 2024.
Resolution No. (431) of 2024 announces the temporary suspension of trading for the shares of the National Corporation for Tourism & Hotels (NCTH) on the Abu Dhabi Securities Exchange (ADX) from 14:00 on 10-Jul-2024 until the AGM results are received. This decision is in accordance with Article No. (16) of the Regulations Concerning the Listing of Securities on ADX. All relevant departments and brokers are instructed to execute and circulate this resolution. The resolution was approved by the authorized person and issued on 10-Jul-2024.