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Abu Dhabi Future Energy Company PJSC ("Masdar"), a leading clean energy company in the UAE, in which Abu Dhabi National Energy Company PJSC ("TAQA") holds a 43% share, has announced a definitive agreement to acquire a controlling stake in Terna Energy SA (TENERGY.AT) from GEK Terna Holdings SA (GEKTERNA.AT) and other shareholders. This acquisition is subject to regulatory approvals and other conditions. The information was disclosed in a letter addressed to the Market Operations Surveillance Department of the Abu Dhabi Securities Exchange, signed by Mohammad Adnan Sharafi, Board Secretary.
The National Investor PrJSC has received approval from the Ministry of Economy to publish an invitation for a General Assembly meeting. The meeting is scheduled for Friday, 12 July 2024, at 11:00 am (UAE local time). The invitation will be published in two daily newspapers in accordance with the Commercial Companies Law. Attached are the invitation and the agenda for the General Assembly, along with guidance notes on attendance and proxies. The notification was sent to the Abu Dhabi Securities Exchange and copied to Dr. Maryam Buti Al Suwaidi, CEO of the Securities and Commodities Authority. The letter was signed by Mr. Rami Hurieh, Managing Director.
Al Seer Marine, a global maritime organization based in Abu Dhabi and a subsidiary of International Holding Company, has appointed Gunther Alvarado as Deputy CEO. Alvarado, who has over 20 years of experience in the maritime industry and has been with Al Seer Marine since 2013, will work closely with CEO Guy Neivens to oversee strategic initiatives and maximize the company's assets, which exceed AED 9.1 billion. Alvarado has previously held roles such as Head of Yacht Management & Marine Operations and COO. His leadership has been pivotal in expanding the company's commercial fleet and establishing it as a regional leader in superyacht operations and naval capabilities. CEO Guy Neivens praised Alvarado's contributions and expressed confidence in achieving greater success with him as Deputy CEO. Alvarado expressed his commitment to innovation, sustainable growth, and advancing green shipping and zero-emissions technology.
A new contract series for Micro DME Oman Crude Oil Futures, specifically the August 2025 contract, will be available for trading starting on June 24, 2024. The contract, identified by the symbol OMOIL Q25 and ISIN OIL230625001, will be listed until June 23, 2025. More information can be found on the Dubai Financial Market website. Note that the information is subject to change and the Dubai Financial Market Regulated Derivative Contract Trading Regulation takes precedence in case of any discrepancies.
Salik Company PJSC announced that its barrier-free parking payment solution will be operational at Dubai Mall starting July 1, 2024, covering the Fashion, Grand, and Cinema parking zones. The agreement with Emaar Malls will last for five years. Salik's technology will enable automatic fee collection using vehicle plate recognition, enhancing the parking experience for visitors. This initiative is part of Salik's strategy to expand its ancillary revenue streams beyond its core tolling business. Salik aims to leverage its high penetration rate in the UAE and is exploring further growth opportunities in the private parking market in Dubai.
On June 19, 2024, H.E. Dr. Maryam Buti Al Suwaidi, Chief Executive Officer of the Securities and Commodities Authority, sent a communication to Mr. Hamed Ahmed Ali, Chief Executive Officer of the Dubai Financial Market (DFM), regarding a disclosure by DFM PJSC. The letter informs that the Company's Board of Directors will pass a resolution by circulation no later than June 23, 2024, concerning an internal matter. The communication is signed by Ali Amer Al-Hashimi, Chief Financial Officer of DFM.
On June 19, 2024, Dr. Maryam Buti Al Suwaidi, CEO of the Securities and Commodities Authority, addressed a letter to Mr. Hamed Ahmed Ali, CEO of Dubai Financial Market (DFM). The letter informed that the Board of Directors of DFM will pass a resolution by circulation regarding an internal matter by June 23, 2024. The letter was signed by Ali Amer Al-Hashimi, Chief Financial Officer of DFM.
On June 19, 2024, Fujairah Cement Industries (P.J.S.C) disclosed the resignation of board member Mr. Khalid Al Muhaidib, who represented the Government of Abu Dhabi - Department of Finance. Mr. Al Muhaidib was a non-executive, independent member. The resignation was accepted and became effective on June 14, 2024, following a request from the Abu Dhabi Government - Department of Finance. The disclosure was signed by Mohamed Bin Hamad Bin Saif Alsharqi, Chairman.