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Resolution No. 421 of 2024 announces the temporary suspension of trading for the shares of RAK Co. for White Cement & Construction Materials. This suspension will start at 10:00 on May 29, 2024, coinciding with the company's Board of Directors meeting, and will remain in effect until the Abu Dhabi Securities Exchange (ADX) receives the meeting results. All relevant departments within ADX are instructed to implement this resolution, which will be communicated to the Securities and Commodities Authority (SCA), the concerned company, all ADX departments, and accredited brokers. The resolution has been approved by the authorized person and was issued on May 28, 2024.
Ithmaar Holding B.S.C. has announced an Extraordinary General Meeting (EGM) for its shareholders on Tuesday, May 28, 2024, at 1:30 PM at the Westin City Centre Bahrain, Seef District, Kingdom of Bahrain. If the quorum is not met, subsequent meetings are scheduled for May 29 and May 30, 2024, at the same time and location. Agenda items include: 1. Approval of the minutes from the EGM held on June 4, 2023. 2. Discussion and approval, subject to regulatory approvals, of the proposed sale and transfer of assets and liabilities valued between $665 million and $715 million to GFH Financial Group B.S.C. or other agreed entities. 3. Authorization for the Board of Directors to finalize the transaction terms and execute necessary documents. Shareholders can attend the meeting in person or appoint a proxy, excluding board members and company employees. Proxies must be submitted 24 hours before the meeting. For further inquiries, shareholders can contact Investor Relations.
Emirates Central Cooling Systems Corporation PJSC (Empower), the world's largest district cooling services provider, announced that it is fully prepared to meet the high demand for its services during the summer season in Dubai. The company has implemented sustainable and responsible methods for major and routine maintenance, ensuring efficient service delivery across residential, commercial, and other buildings. Empower serves over 1,540 buildings in various sectors and has expanded its infrastructure, including pipeline networks and Thermal Energy Storage (TES) systems, to handle peak demand. CEO Ahmad bin Shafar highlighted the company's readiness through its state-of-the-art Command Control Centre (CCC) and innovative technologies that reduce electricity consumption by up to 50% compared to traditional cooling systems. Empower aims to support Dubai's sustainable development goals by reducing electricity and water consumption by 30% by 2030.