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On 12 June 2024, Dana Gas PJSC held a board meeting from 11:03 AM to 2:00 PM with all 11 board members present, achieving 100% quorum. The Board reviewed the company's operations in Egypt, the United Arab Emirates, and the Kurdistan Region of Iraq, ratified the Q1 financial statements, and considered other routine matters. The meeting's decisions and resolutions were signed by Omran Al Zamani, the Board Secretary, on 13 June 2024.
Emirates Central Cooling Systems Corporation (Empower), the world's largest district cooling services provider, announced its participation as a diamond sponsor in the International District Energy Association (IDEA) 2024 Annual Conference in Orlando, USA. The event, themed ‘District Energy for Sustainable Cities,’ will take place from June 17-20 and is expected to attract hundreds of delegations from over 30 countries. Empower's participation will be led by CEO Ahmad bin Shafar, who will highlight Dubai's sustainable district cooling initiatives and the company's global leadership in the field. The conference will focus on advancements in district cooling technology and its role in addressing energy efficiency and climate change challenges.
On June 11, 2024, Gulf Navigation Holding PJSC held a Board of Directors meeting. The following decisions were made: 1. Accepted the resignation of Mr. Mohamed Abdulrahman Amiri from his position as Vice Chairman. 2. Approved the appointment of Mr. Ahmad Kilani as a new Executive Board member, subject to approval at the upcoming general assembly meeting. 3. Elected Dr. Abdulrahman Mahmoud AlAfifi as the new Vice Chairman of the Board. 4. Discussed updates on the acquisition of companies and assets owned by Brooge Energy Limited, presented the results of legal and financial due diligence, and authorized Mr. Ahmad Kilani to negotiate and sign the Term Sheet. 5. Approved regular matters and other business of the Company. The communication was signed by Nader Muqbel, Investor Relations Director at Gulf Navigation Holding PJSC.
NMDC Energy, a subsidiary of NMDC Group, has been awarded a contract by ADNOC for the engineering, procurement, and construction of the lower-carbon Ruwais LNG project in Al Ruwais Industrial City. The project is valued at USD 5.5 billion, with NMDC Energy holding a 20% share. The project is expected to be completed in 57 months.
AD Ports Group has signed a definitive concession agreement with the Red Sea Ports Authority to develop, operate, and manage three cruise terminals at Safaga, Hurghada, and Sharm El Sheikh ports in Egypt. The group will invest USD 4.7 million over the next 15 years, with the terminals expected to be operational by 2025. This initiative aims to enhance cruise services, improve access for operators, and introduce new itineraries in the Red Sea region, thereby boosting cruise tourism and passenger experiences. Additionally, AD Ports Group has initialled two 30-year concession agreements with the General Authority of the Suez Canal Economic Zone for the development, management, and operation of a Ro-Ro terminal and a cruise terminal at Sokhna Port. The agreements were signed in Cairo with notable dignitaries in attendance, including Egypt’s Prime Minister and the UAE Ambassador to Egypt. The initiatives are part of AD Ports Group's commitment to enhancing the cruise tourism sector and strengthening UAE-Egypt bilateral ties.
Lunate Capital LLC has notified Mr. Abdulla Salem Al Nuaimi, CEO of Abu Dhabi Securities Exchange (ADX), about the distribution of dividends for Chimera S&P Turkey Shariah ETF - Share Class B - Income (CHTRSHIN). The dividend amounts to TRL 0.5280 per unit. Key dates include the Last Entitlement Date on 13th June 2024, Ex-Dividend Date on 14th June 2024, Record Date on 19th June 2024, and Dividend Payment Date on 11th July 2024. The notification complies with listing and disclosure rules, and a copy has been sent to the Securities and Commodities Authority.