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On May 2, 2024, the Board of Directors of TECOM Group PJSC held a meeting where they reviewed and approved the condensed consolidated interim financial statements for the first quarter of 2024, as well as discussed regular matters and other businesses. The meeting's results were disclosed to the Dubai Financial Market and the Securities and Commodities Authority.
Dubai Financial Market (DFM) has launched an upgraded iVestor App at the Capital Market Summit 2024. The app will serve as a key part of DFM Arena, a platform for initial private offerings. The iVestor App aims to make investment and money management more accessible and efficient for retail investors. It offers a range of features including direct subscription in IPOs and Arena opportunities, a snapshot of the user's securities portfolio with DFM, and convenient management of dividends. The app was developed in collaboration with Emirates NBD and Network International. It also offers easy top-ups and transfers, the ability to create saving goals, and the option to apply for virtual cards for secure online shopping. The iVestor app is also connected with the xCube trading app, allowing users to transfer funds and start trading immediately.
The Arabian Scandinavian Insurance Company (ASCANA Insurance) "Sukoon Takaful", a company licensed by the Central Bank of the UAE, has sent a notification to Mr. Hamed Ahmad Ali, the Executive Chief Officer of Dubai Financial Market. The company's Board will pass a resolution by Circulation on Tuesday, May 7th at 11:00 am, regarding the approval of the Financial Statements for Quarter 1 2024. A copy of the notification has also been sent to Mrs. Maryam Butti Al Suwaidi, Deputy CEO of Licensing, Supervision, Enforcement Affairs at the Securities and Commodities Authority in Abu Dhabi.
Sukoon Insurance PJSC, based in Dubai, UAE, has informed the Dubai Financial Market that its Board of Directors will pass a resolution by Circulation on Tuesday, 7th May at 10:00 am. The resolution will be regarding the approval of the Financial Statements for Quarter 1 of 2024. The notification is addressed to Mr. Hamed Ahmad Ali, Executive Chief Officer of the Dubai Financial Market, and copied to Mrs. Maryam Butti Al Suwaidi, Deputy CEO of the Securities and Commodities Authority in Abu Dhabi.
Resolution No. 386 of 2024 temporarily suspends trading on the shares of Fujairah Building Industries P.S.C on the ADX. The suspension is due to a coinciding Board of Directors meeting at 11:00 on 9-May-2024, with the trading session at ADX. Trading in FBICO shares will be suspended from 09:00 on 9-May-2024 until ADX receives the meeting results. All heads of departments in ADX are 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 approved by the authorized person and issued on 02/05/2024.
Resolution No. 385 of 2024 temporarily suspends trading on the shares of Gulf Investment House Company. This decision is subject to Article No. 16 of the Regulations Concerning the Listing of Securities on ADX. The suspension is due to the company's AGM being held at 11:00 on 20-May-2024, a time that coincides with the trading session at ADX. Therefore, trading will be suspended from 09:00 on 20-May-2024 until ADX receives the AGM results. All department heads 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. This resolution has been approved by the authorized person and was issued on 02/05/2024.