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On 18th April 2024, Deyaar Development PJSC held an online general assembly meeting chaired by Mr. Abdallah Ali Obaid Al Hamli, with a quorum of 51.32%. The meeting approved the Board of Directors' report on company activities and financial position for the year ended 31st December 2023, the Auditor's report on the company's financial position for the same period, and the company's balance sheet and profit and loss account. The meeting also approved a cash dividend proposal of 4% of the share capital, the Board's remuneration proposal, and discharged the members of the Board and the company's auditors for the year ended 31st December 2023. The assembly also appointed the company's external auditors and determined their fees.
Dubai Investments, a leading investment company listed on the Dubai Financial Market, has announced a 12.5% cash dividend for shareholders for the financial year ending December 31, 2023. This was approved at the company's 28th Annual General Meeting. The company reported a profit of AED 1,130.94 million for 2023, higher by AED 502.79 million if adjusted for a one-off gain from the previous year. The increase in profits is attributed to the sale of real estate properties, higher rental income, and gains on investments. The Chairman, Abdulrahman Ghanem Abdulrahman Al Mutaiwee, highlighted the company's growth plans for 2024, including expansion in the real estate sector and increased investments in Al Mal Capital and Al Mal Capital REIT. He also mentioned the company's entry into digital banking with Monument Bank and its commitment to innovation and excellence through investments in healthcare.
AL Salam Bank B.S.C. (Symbol: SALAM_BAH) has processed a bonus share distribution. The shares have been credited into the accounts of investors with Trading Members, Custodian Members, or to the Registry Account with Dubai CSD, based on the owned balances in each of these accounts as of the closing date (03/04/2024). The announcement was made by Dubai CSD L.L.C.
Resolution No. 369 of 2024 temporarily suspends trading of Gulf Cement Co. shares on the ADX due to the company's AGM scheduled for 13:00 on 18-Apr-2024, which coincides with the trading session. The suspension will start from 09:00 on the same day until the AGM results are received by ADX. All department heads in ADX are tasked with implementing this resolution in their respective fields. The resolution will be distributed to SCA, the concerned company, all ADX departments, and all brokers accredited by ADX. The resolution was approved by the authorized person and issued on 18/04/2024.
On April 17, 2024, the Annual General Assembly meeting of RAPCO Investment PJSC was held at the company's main headquarters in the Digdaga area - Ras Al Khaimah, UAE. The meeting was conducted both remotely and in-person. The assembly ratified the report of the Board of Directors on the company’s activity and its financial position for the financial year ended on December 31, 2023. They also approved the auditor’s report for the financial year ended on December 31, 2023, and the company’s balance sheet and profit and loss account for the financial year ended on December 31, 2023.