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The second board meeting of the year 2024 for the Abu Dhabi National Company for Building Materials - BILDCO (PJSC) was held on Tuesday, 14/05/2024. The board approved the minutes of the first Board of Directors meeting of 2024 and the financial statements for the first quarter of 2024.

On 14 May 2024, a board meeting was held by the National Central Cooling Company (Tabreed). According to Article 36/7 and 36/11 of the Disclosure and Transparency Regulations number 3 of 2000, the board approved the Un-Audited Interim Accounts for the period ending 31 March 2024. Additionally, the board approved the release of these accounts, along with a press release, to the Securities and Commodities Authority and the Dubai Financial Market. The information was communicated by Sean Magee, the company's secretary.

SHUAA Capital p.s.c., a financial investment company based in Dubai, UAE, is licensed and regulated by the UAE Securities and Commodities Authority. The company is planning to hold a Board of Directors meeting on the 17th of May 2024, at 3:00 pm. The agenda for the meeting includes reviewing the company's financial and operational performance for Q1 2024, discussing the progress of the previously announced capital structure optimization plan, which includes a capital increase and the issuance of convertible bonds, and discussing other business-related matters. The information was conveyed by Islam Mahrous, the Head of Compliance at SHUAA Capital.

The Board of Directors of Union Properties PJSC held its third meeting of 2024 on May 14th. The board approved the minutes of the previous meeting, the unaudited financial statement for the first quarter of 2024, and the change of title for Managing Director Amer Khansaheb to Chief Executive Officer. Additionally, they discussed operational and routine matters of the company. The information was conveyed by the Board Secretary, Fadi Saba, to the CEO of Dubai Financial Market, Mr. Hamed Ahmed Ali.

On May 14, 2024, the Board of Directors of Watania International Holding (PJSC) met and approved the financial statements for the first quarter, which ended on March 31, 2024. In addition to this, they also discussed routine business matters. The meeting was authorized by Board Secretary, Nawal Ma’ally.

The form adheres to the disclosure requirements of SCA Board of Directors’ Decision No. (32/R.M.) of 2019, which applies to companies with shares listed on the market and accumulated losses amounting to 20% or more of their paid-up capital. The company, Ithmaar Holding B.S.C., reported accumulated losses of USD 831.22 million as of Q1 2024, amounting to 110% of its paid-up capital. The losses began in December 2016, primarily due to impairment provisions from non-core investments following a financial crisis. The losses increased to 98% in 2018 due to the early adoption of FAS30, and further increased in 2020 due to the economic impact of Covid-19. The losses fluctuated in the subsequent years due to net income and net losses attributable to shareholders. The board is currently working on various initiatives to address the losses, including an asset sale and/or restructuring plan.

Ithmaar Holding B.S.C. has announced that its Board of Directors approved the financial results for the period ending 31 March 2024 in a meeting held on 14 May 2024. The announcement was made to the Bahrain Bourse and Dubai Financial Market.