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The Disclosures and Compliance Section of the Market Operations Surveillance Department at Abu Dhabi Securities Exchange has sent a letter regarding the list of nominee names for the Board of Directors at RAPCO Investments PJSC. This list includes candidates who have fulfilled all legal and regulatory requirements. The company's Annual General Assembly meeting, where these nominations will presumably be discussed or decided upon, is scheduled to take place on Wednesday, 17th April 2024. The letter is signed by the Board Secretary, Yazan S. Maragha.
The text refers to the Sustainability Report of the Al Fujairah National Insurance Company PJSC for the year 2023.
The Abu Dhabi Securities Exchange has announced that the Annual General Assembly Meeting of Fertiglobe PLC will be held on Tuesday, 30 April 2024, at 4 p.m. (UAE time). The meeting invitation and agenda have been published in two daily newspapers in English and Arabic on Friday, 5 April 2024. The notification also includes attachments of the AGM invitation and a disclosure regarding AGM proxies. The information has been communicated by Ms. Rita Guindy, Director of Investor Relations, and a copy has been sent to the Securities and Commodities Authority (SCA).
The board meeting of Takaful Emarat Insurance PJSC took place on April 5, 2024, from 10:30 AM to 11:15 AM, with five members present and a 71% quorum achieved. The board ratified the minutes from the previous meeting held on January 10, 2024. They discussed and approved the Audited Financial Statement and the integrated report for the year ended December 31, 2023. The board also discussed and approved the agenda and date for the General Assembly, pending approval from the Central Bank and the Securities and Commodities Authority (SCA). A recommendation was made to the General Assembly to reconsider their decision from February 27, 2024, to amend the capital increase amount to AED 185 million from AED 125 million, also subject to approval from the Central Bank and the SCA. Other matters were discussed as well. The results of the meeting were disclosed by Rayan Omer.
On April 5, 2024, a letter was sent from Ali Al Hashimi, the Chief Financial Officer of the Dubai Financial Market (PJSC), to Dr. Maryam Buti Al Suwaidi, the Chief Executive Officer of the Securities and Commodities Authority in Abu Dhabi, and Mr. Hamed Ahmed Ali, the Chief Executive Officer of the Dubai Financial Market. The letter informed them that the board of directors of the Dubai Financial Market had passed a resolution by circulation related to regular and internal matters, as disclosed by the company on April 2, 2024.
The HAYAH Insurance Company P.J.S.C. is based in Abu Dhabi, United Arab Emirates, and is a Public Joint Stock Company funded by a paid-up capital of AED 200 million. It is registered at the Central Bank of the UAE with registration no. 83 dated 16/09/2008. The company's CEO, Mr. Mohamed Seghir, has sent a letter to the Market and Operations Surveillance Department of the Abu Dhabi Securities Exchange. The letter refers to the announcement of the opening of candidacy for the membership of the Board of Directors of HAYAH Insurance Company P.J.S.C, published on 18th of March 2024. Attached is the list of candidates for membership in the Board of Directors for the term 2024-2026, which will also be published on the company's website.
The National Central Cooling Company (Tabreed) has successfully initiated a tender offer for the repurchase of some of its outstanding U.S.$500,000,000 Trust Certificates due 2025. The offer, which was first announced on March 18, 2024, and extended until April 3, 2024, resulted in the acceptance for repurchase of U.S.$200,688,000 of these trust certificates. An additional U.S.$39,000,000 of these trust certificates had been purchased by Tabreed prior to the tender offer announcement. The total amount that Tabreed has bought back and accepted for purchase is U.S.$239,688,000 out of the outstanding U.S.$500,000,000 trust certificates. This buyback is part of Tabreed's strategy to effectively manage its debt profile, optimize its cost of funding, and strengthen its balance sheet.