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Emirates Telecommunications Group Company PJSC (e&) announced that its wholly-owned subsidiary, e& enterprise, has signed a binding agreement to acquire 100% of GlassHouse, a cloud services provider based in Türkiye, for an enterprise value of $60 million. GlassHouse, founded in 2004, is a leader in data backup, business continuity, managed cloud, and SAP infrastructure services, serving 2,000 enterprises across various sectors with a team of over 150 employees. This acquisition aligns with e&’s strategic goals to expand its digital capabilities and global footprint, particularly in the Turkish IT services and cloud market. The transaction, financed through debt and not involving related parties, is expected to be EPS accretive and will have an insignificant impact on e&’s overall financials. Completion of the transaction is subject to customary conditions, and further updates will be provided as necessary.

HAYAH Insurance Company P.J.S.C., located at Floor 16, Sheikh Sultan Bin Hamdan Building, Corniche Road, P.O. Box 63323, Abu Dhabi, UAE, is a Public Joint Stock Company with a paid-up capital of AED 200 million. It is registered with the Central Bank of the UAE under registration no. 83 dated 16/09/2008. A meeting is scheduled for Friday, June 28, 2024, at 10:00 AM to discuss the Annual General Assembly Agenda, set the date and time for the meeting, and address administrative and operational business matters. The meeting is authorized by Mr. Mohamed Seghir, Chief Executive Officer, as of June 25, 2024. A copy of the meeting details has been sent to the Security and Commodities Authority (SCA).

Americana Restaurants International PLC has issued a notification to the Chief Executive Officer of the Abu Dhabi Securities Exchange regarding a Board of Directors meeting. The meeting is scheduled for 12:30 pm (UAE local time) on Thursday, 27th June 2024. The agenda includes a performance update for the year-to-date period ending May 2024 and other business updates. In compliance with Resolution No (3) of 2000 on disclosure and transparency, the decisions made during the meeting will be disclosed immediately afterward. The notification is signed by Saqib Muhammad Sabir Awan, Secretary of the Board, with a copy sent to the Securities and Commodities Authority.

ADNOC Drilling has announced a new dividend policy that ensures a minimum annual growth of 10% in dividends from 2024 to 2028, resulting in at least 61% cumulative growth over five years. This policy allows the Board of Directors to approve additional discretionary dividends. At least $4.8 billion will be distributed to shareholders during this period, highlighting the company's commitment to attractive shareholder returns. The policy was approved at the General Shareholder Meeting and aims for a minimum cumulative yield of over 27% from 2024 to 2028. Dividends will be paid semi-annually. ADNOC Drilling recently increased its free float to 16.5% following a $935 million institutional placement, benefiting a larger number of shareholders.

Taaleem Holdings PJSC has announced the official completion of the Dubai British School Jumeira (DBS Jumeira), a new addition to their network of Dubai British Schools. This new state-of-the-art facility, located in Jumeira along Dubai’s iconic water canal, is ready to welcome students for the academic year 2024/25. Designed to accommodate up to 1,900 students, the school features advanced educational technologies and extensive recreational facilities to enhance both academic and extracurricular experiences. Due to high demand, DBS Jumeira has already entered a waitlisting phase for enrollment. This marks the fourth school in Taaleem’s DBS network, demonstrating their commitment to providing premium education in the UAE and reflecting their dedication to advancing educational excellence and accessibility in the region.