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GFH Financial Group B.S.C. announced on May 29, 2024, that it has received approval from the Central Bank of Bahrain to repurchase up to 10% of its total issued shares as treasury shares, following a resolution passed at the Ordinary General Meeting on March 24, 2024. The share repurchase will commence on May 30, 2024. The announcement was made by Mariam Jowhary, Head of Compliance and AML, and bears the company seal.
On May 29, 2024, The National Investor PrJSC's Board of Directors held a meeting and recommended an asset disposal transaction involving one of its investment properties, an office floor on Reem Island, Abu Dhabi. The property, valued at AED 28.7 million (10.1% of the company's share capital), is to be sold to Mazrui Real Estate LLC, a related party, for AED 24 million. This transaction is subject to shareholder ratification at the General Assembly and approval from the relevant authority in accordance with Article 34 of the SCA Chairman's Decision No. 3 of 2020 on Corporate Governance of Joint Stock Companies. If approved, the transaction is expected to conclude in Q3 2024.
ADNOC Logistics & Services Plc (ADNOC L&S) and South Korean shipyard Hanwha Ocean Co. Ltd. have signed a Letter of Intent to construct a minimum of three Liquified Natural Gas (LNG) carriers, with options for at least two additional carriers. Each LNG carrier will have a capacity of 174,000 cubic meters and is scheduled for delivery in 2028. ADNOC L&S, listed on the Abu Dhabi Securities Exchange, is a global energy maritime logistics company serving over 100 customers in more than 50 countries. For more information, visit their website or contact their media and investor relations teams.
ADNOC Logistics & Services Plc (ADNOC L&S) and Samsung Heavy Industries have signed a Letter of Intent for the construction of at least three Liquified Natural Gas (LNG) carriers, with options for an additional two carriers. Each LNG carrier will have a capacity of 174,000 cubic meters and is scheduled for delivery in 2028. ADNOC L&S is a global energy maritime logistics company based in Abu Dhabi, serving over 100 customers in more than 50 countries. For more information, visit their website or contact them via email for media or investor inquiries.