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BHM Capital Financial Services, a private joint stock company regulated by SCA, has announced the expiration of its Market Making and Liquidity Provision agreements with National International Holding Company (NIH). The agreements, which are related to NIH's shares listed in the Dubai Financial Market, will expire on 30th April 2024. It has been mutually agreed not to renew these agreements for an extra term. However, BHM Capital will continue to fulfill its obligations as per the agreements until the specified date.

BHM Capital Financial Services PSC, a private joint stock company regulated by SCA with registration number 604097, has appointed Mr. Hatem Salti as a member of its Board of Directors. Mr. Salti has over 20 years of experience in the financial sector, specializing in market making for bonds and fixed income instruments. He holds an MBA in Finance from California State University, Long Beach. The announcement was made by the company's CEO, Abdel Hadi Al Sadi, and submitted to the Dubai Financial Market through the EFSAH system.

The National Falcon Insurance Company has established a policy and guidelines for its nomination and rewards committee, as per the decision of the Chairman of the Securities and Commodities Authority and the institutional governance system for insurance companies issued by the Central Bank. The board oversees the company's compensation system, which should align with the company's strategy, risk tolerance, long-term interests, values, and should not encourage excessive risk-taking. The rules for selecting and forming the nomination and rewards committee are as follows: 1) The board forms a permanent committee called the nomination and rewards committee. 2) The committee consists of non-executive board members, with a minimum of three members. 3) At least two members of the committee must be independent members. 4) The committee is chaired by one of the independent members. 5) The Chairman of the board cannot be a member of any of the committees. The committee holds its meetings once a year or as needed. No board member or executive manager, except for the committee's secretary or a member, is allowed to attend the committee's meetings.

Drake & Scull International PJSC (DSI) invites its shareholders to subscribe for new shares as part of a capital increase, following the approval of a restructuring plan by the general assembly of the company and the Securities and Commodities Authority. The restructuring plan was initiated in November 2018 and approved in 2023 after extensive discussions and negotiations with stakeholders. The plan includes a write-down of 90% of creditors' claims in exchange for a cash payment or a Mandatory Convertible Sukuk instrument. The company's issued share capital will increase from AED 1,070,987,747 to a maximum of AED 3,470,987,747, with the creation of up to 2,400,000,000 new shares at an issue price of AED 0.25 and a discount price of AED 0.75. The capital increase aims to cover mandatory accounts payable, restructuring expenses, cash settlements with junior creditors, and to enhance working capital and support operations. The subscription period for the new shares will be from 25 April 2024 to 10 May 2024.

Resolution No. 370 of 2024 has temporarily suspended trading of Abu Dhabi Commercial Bank (ADCB) shares on the ADX. This is due to a coinciding board of directors meeting at 10:00 on 25-Apr-2024, and trading will resume once ADX receives the meeting results. ADX department heads are instructed 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 22/04/2024.

The Dubai Financial Market has announced that the new contract series for June 2025 Micro DME Oman Crude Oil Futures contracts will be available for trading from 24 April 2024. The contract, identified as OIL230425001 and symbol OMOILM25, will be de-listed on 23 April 2025. The announcement and further details can be found on the Dubai Financial Market's website. The information is subject to change and should not replace the Dubai Financial Market Regulated Derivative Contract Trading Regulation.

Emirates Central Cooling Systems Corporation (Empower), a leading district cooling services provider, has begun the process of connecting the Al Wasl Skyscraper in Dubai to its district cooling network. The skyscraper will be connected in two phases, with the second phase starting in the second half of 2024, providing a total of 3,900 refrigeration tons of environmentally friendly cooling energy. The Al Wasl Skyscraper, a sustainable building with 65 levels, is the tallest ceramic façade in the world. The CEO of Empower highlighted that this addition to their portfolio reflects confidence in their services and commitment to reducing carbon emissions. The building has 229 luxury residential units and 258 hotel rooms.