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On July 9, 2024, the Market Operations Surveillance Department of the Abu Dhabi Securities Exchange received a disclosure from IHC Subsidiary, Two Point Zero Group LLC, regarding the completion of a Voluntary Tender Offer (VTO). The VTO, initially disclosed on May 31, 2024, involved acquiring a significant minority stake in Elsewedy Electric SAE, a company listed on the Egyptian Exchange (EGX). A total of 427,711,646 shares, representing 19.98% of Elsewedy Electric's issued shares, were tendered in favor of the VTO. The share transfer on the EGX is expected to be completed by July 10, 2024, with settlement anticipated by July 15, 2024. Copies of this disclosure were also sent to the Securities and Commodities Authority in Abu Dhabi.

The government has increased its stake in RAK Properties by 34%, following approvals from ADX and SCA. This decision stems from RAK Properties' significant revenue and profit growth in 2023 and strong performance in Q1 2024. The increased stake reflects the government's confidence in RAK Properties' commitment to developing lifestyle destinations, including flagship projects like Mina Al Arab, Hayat Island, and Raha Island. Abdulaziz Abdullah Al Zaabi, Chairman of RAK Properties, stated that this strategic investment will provide resources for growth and innovation, reinforcing their commitment to luxury living and transformative projects in Ras Al Khaimah.

The General Assembly Meeting of Al Seer Marine Supplies & Equipment Company Pr.J.S.C was held on Monday, July 8, 2024, at 3:30 pm. The meeting allowed for both electronic (remote) and in-person attendance. Shareholders were able to register and vote electronically during the meeting. The assembly convened after achieving a quorum with shareholders representing 81.95% of the company's share capital. The topics on the agenda were discussed, and appropriate decisions were made. Attendees from the Board of Directors included Chairman Mr. Readh Faraj Ahmed Alkindi, Vice Chairman General Jasem Yousef Yaqoob Almansoori, Board Member Mr. Mohd Loay T A Abdelfattah, and Board Member & CEO Mr. Guy Neivens. Other board members were unable to attend due to prior commitments.

On July 8, 2024, a letter was addressed to Mr. Hamed Ahmed Ali, the Chief Executive Officer of the Dubai Financial Market, informing him that the Board of Directors of Amlak Finance PJSC held a meeting on the same date. During the meeting, routine business matters were discussed. The letter was signed by Lama Takieddin, Head of Corporate Governance and Company Secretary, and a copy was sent to the Securities & Commodities Authority.

Emirates Central Cooling Systems Corporation PJSC (Empower) has launched a Summer Campaign to encourage customers in Dubai to reduce their cooling energy consumption and bills. The campaign aims to educate consumers on the importance of energy conservation, the high costs associated with producing and delivering energy, and the benefits of efficient cooling practices. Empower's CEO, Ahmad bin Shafar, highlighted that the campaign includes eight practical tips for consumers, such as setting the AC thermostat to 24°C, keeping filters clean, and sealing window cracks. The initiative aligns with Dubai's goals to reduce electricity and water consumption and become a global hub for the green economy by 2050. Empower emphasizes the role of responsible consumer behavior in preserving natural resources and protecting the environment.

The Dubai Financial Market (DFM) has released the margin parameters for various futures contracts effective from July 9, 2024. The parameters include base margin percentages and currency requirements for contracts involving companies like Air Arabia, Al Ansari, DEWA, and others, with margin percentages ranging from 5% to 13%. Details on the methodology for margin calculation and eligible margin types can be found in the Derivatives Clearing Guidelines and Procedures available on the Dubai Clear website. The announcement and further information are accessible on the DFM website. The document notes that the information is subject to change and emphasizes that it does not replace the official Dubai Financial Market Regulated Derivative Contract Trading Regulation.