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Ithmaar Holding B.S.C. has disclosed to the Bahrain Bourse and Dubai Financial Market that they are in ongoing discussions with GFH Financial Group B.S.C. about GFH acquiring Ithmaar's financing and investment portfolios. The final transaction structure and definitive documents are still being finalized. An Extraordinary General Meeting is being arranged for 28 May 2024 to seek shareholders' approval. The discussions are subject to due diligence and regulatory approvals. Shareholders will be updated regularly on progress.
Mr. Hamed Ahmed Ali, the Chief Executive Officer of the Dubai Financial Market, received a letter from Amanda Dahdah, the Governance Officer and Board Secretary of Aramex PJSC. The letter, dated 6 May 2024, informs him about an upcoming earnings call for Aramex PJSC. The meeting is scheduled to take place on 14 May 2024 at 4:00 PM UAE time, to discuss the company's financial results for the first quarter, which ended on 31 March 2024.
Aramex PJSC is set to hold a meeting on Thursday, 9 May 2024 at 3:00 PM UAE time. The agenda includes the discussion for approval of the company's unaudited interim condensed consolidated financial statements for the first quarter ending 31 March 2024, and a discussion of the company's business updates and routine matters. The notice is signed by Amanda Dahdah, the Governance Officer and Board Secretary of Aramex PJSC.
Resolution No. 394 of 2024 temporarily suspends trading of the shares of Abu Dhabi National Insurance Company (ADNIC). The suspension is due to coincide with the ADNIC Board of Directors meeting on 9th May 2024 at 11:00. The trading suspension will start at 09:00 on 9th May 2024 and will continue until the Abu Dhabi Securities Exchange (ADX) receives the meeting results. All department heads at ADX are required to implement this resolution in their respective fields. The resolution will be shared with the Securities and Commodities Authority (SCA), the concerned company, all ADX departments, and all brokers accredited by ADX. The resolution was issued on 6th May 2024.
Resolution No. (393) of 2024 temporarily suspends trading of Al Fujairah National Insurance Company shares on the ADX. The suspension is due to a coinciding Board of Directors Meeting at 11:00 on 13-May-2024. Trading will be halted from 09:00 on the same day until the meeting results are received by ADX. The resolution instructs all department heads in the ADX to implement this decision in their respective fields. The resolution will be circulated to the Securities and Commodities Authority (SCA), the concerned company, all ADX departments, and all brokers accredited by ADX. The resolution was issued on 06/05/2024 and approved by the authorized person.
Resolution No. (392) of 2024 temporarily suspends trading of Abu Dhabi Aviation Co. shares on the ADX. The suspension is due to coincide with a board of directors meeting on 14-May-2024 at 11:00. Trading will be suspended from 09:00 on the same day until the ADX receives the meeting results. All heads of departments in ADX are required to execute 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 issued on 06/05/2024 and has been approved by the authorized person.
On May 6, 2024, a letter was sent to Mr. Hamed Ahmed Ali, Chief Executive Officer of Dubai Financial Market, regarding Salik Company PJSC's earnings call meeting. The meeting with analysts is scheduled for Monday, May 13, 2024, at 12:00 PM to discuss the financial results for the first quarter, which ended on March 31, 2024. A presentation will be available on the company's website prior to the meeting. The letter was signed by Ibrahim Sultan Al Haddad, Chief Executive Officer.