Latest Threads

On April 25, 2024, Amlak Finance P.J.S.C held a meeting from 3:00PM to 3:30PM. All seven board members were present, achieving 100% quorum. The board decided to appoint Mr. Jamal Hamed Almarri as the Chairman of the Board of Directors and Mr. Shaker Fareed Zainal as Vice Chairman. The board also formed its committees. The authorized signatory of these decisions was Lama Takieddin, the Head of Corporate Governance and Company Secretary.

Resolution No. (378) of 2024 announces the temporary suspension of trading on the shares of Al Dar Properties. This decision is due to the company's Board of Directors meeting scheduled for 09:00 on 29-Apr-2024, which coincides with a trading session at ADX. The trading suspension will last until ADX receives the meeting results. The resolution mandates all department heads in ADX to implement this decision in their respective fields. The resolution will be circulated to the SCA, the concerned company, all departments at ADX, and all brokers accredited by ADX. The resolution, approved by the authorized person, was issued on 25/04/2024.

Resolution No. 377 of 2024 temporarily suspends trading of the shares of Emirates Telecom. Group Company (Etisalat Group) PJSC on the ADX. The decision is due to a Board of Directors meeting scheduled for 13:00 on 30-Apr-2024, which coincides with the trading session at ADX. As such, trading in ETISALAT shares will be suspended from 09:00 on 30-Apr-2024 until ADX receives the meeting results. The resolution mandates all department heads at ADX to implement this decision 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 25/04/2024.

Resolution No. 376 of 2024 temporarily suspends trading of the shares of National Bank of Fujairah on the ADX, in accordance with Article No. 16 of the Regulations Concerning the Listing of Securities on ADX. The suspension is due to a Board of Directors Meeting of the National Bank of Fujairah scheduled for 11:00 on 29-Apr-2024, which coincides with the trading session at ADX. Trading will be suspended from 09:00 on 29-Apr-2024 until ADX receives the meeting results. All department heads at ADX are to implement 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 25/04/2024.

The subscription process for shares of Drake & Scull International, part of a final step in the company's restructuring plan, is set to begin on April 25, 2024, and conclude on May 10, 2024. The subscription volume is 600 million dirhams, distributed over 2.4 billion shares. This offers an opportunity to enhance the company's capacity and provide sufficient liquidity to cover and implement its work plan. Shareholders will have the opportunity to benefit from subscribing to the new shares at a discounted price of 25 fils per share. The subscription process will be conducted through the main offices of Emirates NBD, as well as branches of Dubai Commercial Bank in Abu Dhabi, Dubai and Sharjah. To participate in the capital increase, shareholders must ensure their names appear in the company's share register held by the Dubai Financial Market by the end of working hours on the due date, April 24, 2024. Trading on the company's shares is expected to resume on May 21, 2024.

Resolution No. 375 of 2024 concerns the temporary suspension of trading on the shares of Manazel PJSC. The decision is made in accordance with Article No. 16 of the Regulations concerning the Listing of Securities on ADX. The suspension is due to Manazel PJSC's AGM being held at 10:00 on the 23-May-2024, which coincides with the trading session at ADX. Therefore, trading in Manazel shares will be suspended from 09:00 on 23-May-2024 until ADX receives the AGM 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 25/04/2024.