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InvestorAct is a financial news platform that provides the latest news, analysis, and press releases for companies in the UAE

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Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
2 years ago
News Update From Abu Dhabi Ports Company PJSC
Disclosures: Abu Dhabi Ports Company PJSC Board Meeting Results held on 04/07/2024 at 11:00

On 4 July 2024, the Board of Directors of Abu Dhabi Ports Company PJSC held a meeting via video conference at 11 a.m. During the meeting, the following resolutions were made: 1. H.E. Mohamed Hassan Alsuwaidi was elected as the Chairman of the Board of Directors. 2. The reconstitution of the Company's Board Committees was approved as follows: - Audit, Risk, and Compliance Committee: - Jasim Thabit (Chairperson) - Mohamed Al Hammadi (Member) - Renzo Bravo (Member) - Nomination and Remuneration Committee: - Mansour Al Mulla (Chairperson) - Najeeba Al Jabri (Member) - Renzo Bravo (Member)

1. Disclosures: Abu Dhabi Ports Company PJSC Board Meeting Results held on 04/07/2024 at 11:00

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
2 years ago
News Update From Abu Dhabi National Oil Company For Distribution
Disclosures: Abu Dhabi National Oil Company For Distribution Sustainability Report

ADNOC Distribution has released its 2023 report on growth, transformation, and Environmental, Social, and Governance (ESG) initiatives.

1. Disclosures: Abu Dhabi National Oil Company For Distribution Sustainability Report

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
2 years ago
News Update From Emirates Telecom. Group Company (Etisalat Group) PJSC
Disclosures: Decision of the Court of Appeal of Casablanca Regarding Maroc Telecom and Wana Litigation

Emirates Telecommunications Group Company (Etisalat Group) announced that the Court of Appeal of Casablanca has rejected Maroc Telecom's appeal and upheld the Commercial Court of Rabat's decision, requiring Maroc Telecom to pay 6.368 billion Moroccan dirham to Wana Corporate for alleged anti-competitive practices. Etisalat Group, which holds a 53% share in Maroc Telecom, expressed disappointment and plans to challenge the decision through all legal avenues. The ruling will not affect Etisalat Group's consolidated results for the second quarter of 2024 due to adequate coverage of international regulatory risks. Further updates will be provided as necessary.

1. Disclosures: Decision of the Court of Appeal of Casablanca Regarding Maroc Telecom and Wana Litigation

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Gulf Navigation Holding PJSC
Disclosure: Results of BOD Meeting

1. Disclosure: Results of BOD Meeting

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
2 years ago
News Update From CHIMERA S&P TURKEY SHARIAH ETF SHARE CLASS B - Income
Disclosures: CHIMERA S&P TURKEY SHARIAH ETF SHARE CLASS B - Income Board Meeting Result (Dividend) to be held on 13/06/2024 at 15:00

On June 6, 2024, Mr. Abdulla Salem Al Nuaimi, CEO of the Abu Dhabi Securities Exchange (ADX), received a notification from Sherif Saleh, Head of Public Markets at Lunate Capital LLC. The notification informed that Chimera Turkey Shariah ETF - Share Class B - Income (CHTRSHIN) will be distributing dividends of TRL 0.5280 per unit to unitholders. The key dates related to the dividend distribution are as follows: - Last Entitlement Date: June 13, 2024 - Ex-Dividend Date: June 14, 2024 - Record Date: June 19, 2024 - Dividend Payment Date: July 11, 2024 The notification was also copied to the Securities and Commodities Authority. Lunate Capital LLC is licensed and regulated by the Securities and Commodities Authority.

1. Disclosures: CHIMERA S&P TURKEY SHARIAH ETF SHARE CLASS B - Income Board Meeting Result (Dividend) to be held on 13/06/2024 at 15:00

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Amlak Finance P.J.S.C
Disclosure: BOD meeting

Date: 3 July 2024 Listed Company: Amlak Finance PJSC Date and Day of the Meeting: Monday, 8 July 2024 Meeting Starting Time: 2:00 PM Agenda of the Meeting: - Normal business activities and updates Name of the Authorized Signatory: Lama Takieddin Designation: Head of Corporate Governance & Company Secretary Signature: [Signature]

1. Disclosure: BOD meeting

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Emirates Central Cooling Systems Corporation PJSC
Disclosure: Press release

Empower's Business Bay 05 district cooling plant in Dubai has received a LEED Gold rating from the United States Green Building Council (USGBC). This recognition highlights the plant's adherence to LEED standards and marks the sixth such award for Empower, following similar accolades for other plants. Empower's CEO, Ahmad Bin Shafar, emphasized the company's commitment to environmental protection, carbon footprint reduction, and sustainable innovation. The Business Bay 05 plant utilizes advanced technologies, including Thermal Energy Storage (TES) and Treated Sewage Effluent (TSE), to enhance energy efficiency and reduce freshwater consumption.

1. Disclosure: Press release

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Dubai Financial Market PJSC
DFM News: Suspend trading on GULFNAV shares starting from 11:00 AM as its BOD meeting is being held today, 03-07-2024 and until results are disclosed
Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
2 years ago
News Update From Invest Bank
Disclosures: Invest Bank General Press Release

The text discusses the importance of financial and economic education, highlighting the role of various institutions and organizations in promoting financial literacy. It mentions the efforts of specific entities in providing financial education and emphasizes the significance of such education in achieving economic stability and growth. The text also references historical and current initiatives aimed at enhancing financial knowledge among different segments of the population, underscoring the ongoing need for comprehensive financial education programs.

1. Disclosures: Invest Bank General Press Release

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
2 years ago
News Update From National Bank of Fujairah
Disclosures: National Bank of Fujairah

The National Bank of Fujairah (NBF) announced that CEO Vince Cook will step down at the end of September 2024 after leading the bank for over 14 years. Adnan Anwar, currently the Deputy CEO, will assume the role of CEO starting October 1, 2024. Vince Cook is credited with driving the bank's digital transformation, expanding its SME, trade finance, and Islamic finance offerings, and implementing a robust ESG strategy. The Board of Directors expressed their gratitude for his contributions. Adnan Anwar, who has been with NBF for 19 years and served as Deputy CEO since November 2020, will focus on expanding digital services, maintaining a customer-centric approach, and achieving sustainable growth. The Board is confident in Anwar's ability to continue driving the bank's strategic goals and delivering exceptional customer service.

1. Disclosures: National Bank of Fujairah

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