Latest Threads
Check out what has been happening in the community
Check out what has been happening in the community
Resolution No. 408 of 2024 announces the temporary suspension of trading on the shares of Hayah Insurance Company P.J.S.C. This suspension is due to the company's Board of Directors Meeting that is scheduled to be held at 11:00 on the 14-May-2024, which coincides with the trading session at ADX. As a result, trading in the company's shares will be suspended from 09:00 on 14-May-2024 until the meeting results are received by ADX. All department heads in ADX are required to implement this resolution in their respective fields. The resolution will be circulated to SCA, the concerned company, all departments at ADX, and all brokers accredited by ADX. The resolution was approved by the authorized person and issued on 09/05/2024.
Resolution No. (407) of 2024 temporarily suspends trading on the shares of Al Wathba National Insurance Co. This action is taken in accordance with article No. (16) of the Regulations Concerning the Listing of Securities on ADX. The suspension is due to coincide with the Board of Directors Meeting of Al Wathba National Insurance Co. scheduled for 12:00 on 13-May-2024. Trading will be suspended from 09:00 on 13-May-2024 until ADX receives the meeting results. All department heads in ADX are instructed to execute this resolution in their respective fields. The resolution will be circulated to the SCA, the concerned company, all departments at ADX, and all brokers accredited by ADX. The resolution was issued on 09/05/2024.
Ajman Bank has reported a record quarterly profit of AED 107.4 million in Q1 2024, a 139% increase from the previous year. The bank's total operating income has also risen by 7% to AED 400.3 million. The bank's Return on Equity and Return on Asset have both doubled compared to Q1 2023. The bank's CEO, Mustafa Al Khalfawi, attributes these strong results to the bank's transformation strategy, stringent cost containment, operational efficiencies, and a rigorous approach to risk management. The bank's balance sheet remains healthy with total assets of AED 23.1 billion and equity of AED 2.8 billion. The bank's capital adequacy ratio and Tier 1 capital adequacy are both above regulatory requirements.
The document is a review report and condensed consolidated interim financial information of Ajman Bank PJSC for the three-month period ending on 31 March 2024. It provides a financial overview of the bank's performance during this period. The report is likely to include financial statements, analysis, and other relevant financial data. This information is meant for individuals interested in finance and investing, particularly those who follow Ajman Bank PJSC's performance.
Resolution No. (406) of 2024 concerns the temporary suspension of trading on the shares of Gulf Investment House Company. According to article No. (16) of the Regulations Concerning the Listing of Securities on ADX, the trading will be suspended due to a Board of Directors Meeting of the Gulf Investment House Company that will be held at 14:00 on the 14-May-2024. This meeting time coincides with the trading session at ADX. Therefore, trading in GIH shares will be suspended from 09:00 on 14-May-2024 until ADX receives the meeting results. All heads of departments in ADX are to execute this resolution in their respective fields. This resolution will be circulated to SCA, the concerned company, all departments at ADX, and all brokers accredited by ADX. The resolution was approved by the authorised person and issued on 09/05/2024.
On 9th May 2024, a notice was issued for a Board of Directors meeting for Watania International Holding (PJSC) to be held on 14th May 2024 at 2:00 PM. The agenda includes reviewing and endorsing the financial statements for the first quarter ended on 31 March 2024, and routine business discussions. The notice was signed by the Board Secretary, Nawal Ma’ally.