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Resolution No. (430) of 2024 announces the temporary suspension of trading in the shares of The National Investor PRJSC (TNI) on the Abu Dhabi Securities Exchange (ADX) due to the Annual General Meeting (AGM) scheduled for 11:00 on 12-Jul-2024. Trading will be suspended from 11:00 on that date until ADX receives the AGM results. The resolution mandates all department heads at ADX to implement the suspension and requires the resolution to be circulated to the Securities and Commodities Authority (SCA), the concerned company, all ADX departments, and accredited brokers. The resolution has been approved by the authorized person and was issued on 20-Jun-2024.
His Excellency Ahmad Bin Shafar, CEO of Emirates Central Cooling Systems Corporation (Empower), participated as a keynote speaker at the International District Energy Association (IDEA) Conference 2024 in Orlando, USA. The conference focused on 'District Energy for Sustainable Cities'. Bin Shafar emphasized the importance of district cooling systems for sustainable and economic development, advocating for global legislation to support their adoption. He highlighted that district cooling is essential for reducing energy consumption in the cooling sector and accelerating the transition to a low-carbon future. Bin Shafar noted that supportive government policies and local power provider cooperation are crucial for effective deployment. He also shared Empower's success in leading the district cooling industry and its collaboration with the United Nations Environment Programs and academic institutions to advance the technology further.
Date: June 20, 2024 Mr. Hamed Ahmed Ali CEO - Dubai Financial Market Dubai, United Arab Emirates Subject: Board of Directors Meeting Number 5 of 2024 of Drake & Scull International PJSC Dear Sirs, We would like to inform you that the Board of Directors of Drake & Scull International PJSC will hold its fifth meeting of 2024 on Monday, June 24, 2024, at 3:00 PM at the offices of the Company. The agenda includes: 1. Reviewing and approving previous minutes of the meeting. 2. Calling the General Assembly to convene and setting its agenda items. 3. Discussing routine and operational business of the Company. 4. Any other items. Sincerely, Shafiq Abdulhamid Chairman
RAK Properties has announced an amendment to its Articles of Association following a resolution from its AGM on March 20, 2024. The amendment involves the distribution of bonus shares amounting to 4% of the company's capital, valued at AED 80 million, and an increase in the company's capital by AED 920 million for the benefit of the government of Ras Al-Khaimah as a strategic partner. The Securities and Commodities Authority (SCA) has approved this amendment. Before the amendment, the company's issued capital was two billion dirhams divided into two billion shares. After the amendment, the issued capital is three billion dirhams divided into three billion shares, all fully paid in cash, and equal in rights and obligations.