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InvestorAct is a financial news platform that provides the latest news, analysis, and press releases for companies in the UAE

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Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
2 years ago
News Update From ADNOC Drilling Company PJSC
Disclosures: ADNOC Drilling Company PJSC Board Meeting Results held on 10/05/2024 at 15:00

On 13th May 2024, the Board of Directors of ADNOC Drilling Company PJSC held a meeting and approved the company's financial statements for Q1 2024. The Board also discussed the company's dividends policy and agreed to recommend a new progressive dividends policy, with dividends growing by at least 10% per annum for five years, and potential additional dividends at the Board's discretion. This recommendation will be presented for shareholders' approval at an upcoming general assembly meeting. Additionally, the Board was informed that the company secured a $1.7 billion contract to explore unconventional energy resources in the UAE.

1. Disclosures: ADNOC Drilling Company PJSC Board Meeting Results held on 10/05/2024 at 15:00

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
2 years ago
News Update From RAK Properties
Disclosures: RAK Properties reports substantial revenue growth in Q1 2024 amid strong sales

RAK Properties, a leading property developer in Ras Al Khaimah, reported a 12% increase in revenue to AED 289.91 million in Q1 2024, compared to the same period the previous year. This growth was driven by strong sales for new project launches in Mina Al Arab. The government of Ras Al Khaimah has increased its stake in the company from 5% to around 34%, reflecting its confidence in the firm. The first quarter of 2024 also saw the opening of the 5-star Anantara Mina Al Arab Hotel and Resort. The company's profit before tax grew to AED 45.54 million and total assets reached AED 6.68 billion.

1. Disclosures: RAK Properties reports substantial revenue growth in Q1 2024 amid strong sales

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
2 years ago
News Update From The National Investor PRJSC
Disclosures: The National Investor PRJSC AGM Minutes held on 26/04/2024 at 11:00

The annual general meeting of the National Investor Company was held on Friday, April 26, 2024. Shareholders representing 165,790,123 shares of the company's capital attended the meeting both in person and remotely. The meeting was chaired by the company's chairman, Mr. Saeed Mohammed Hassan Al Masood. Topics on the agenda were discussed in accordance with the provisions of the Companies Law No. (32) of 2021 and the company's basic system. The agenda included listening to the management's report on the company's activity and financial position for the fiscal year ending on December 31, 2023, discussing the company's balance sheet and profit and loss account for the same fiscal year, and considering proposals regarding non-distribution of profits and not granting bonuses to board members for the fiscal year ending on December 31, 2023.

1. Disclosures: The National Investor PRJSC AGM Minutes held on 26/04/2024 at 11:00

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From AMANAT HOLDINGS PJSC
Disclosure: BOD meeting

1. Disclosure: BOD meeting

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From TECOM GROUP P.J.S.C.
Disclosure: BOD Meeting

1. Disclosure: BOD Meeting

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Dubai Financial Market PJSC
DFM News: Resume trading on BHMCAPITAL shares after disclosing the results of its BOD meeting
Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Dubai National Insurance & Reinsurance
Disclosure: BOD meeting

1. Disclosure: BOD meeting

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Dubai Financial Market PJSC
DFM News: DFM Regulated Short Sell – Weekly Summary – May

The weekly trading summary for DFM Regulated Short Sell Transactions from 6th May 2024 to 10th May 2024 reports no RSS trades for that period. Further information on RSS can be found in the DFM Market Rules Module Three Membership, Trading, and Derivatives Rules & Operational Model and Procedures for Implementation of Regulated Short Selling on the DFM website. The announcement is also available on the DFM website. The information provided is subject to change, and DFM is not liable for any loss resulting from the use of this data and content.

1. DFM News: DFM Regulated Short Sell – Weekly Summary – May

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From BHM Capital Financial Services PSC
Disclosure: Results of BOD meeting

BHM Capital Financial Services P.S.C, a private joint stock company regulated by SCA (Registration No: 604097), held its board meeting on Friday, 10 May 2024. The meeting, which started at 11:00 AM and ended at 12:00 PM, was attended by all five board members, achieving a 100% quorum. The board approved the Q1 Consolidated Financial Statements for the year 2024 and discussed regular matters and other business. The information was confirmed by the Board Secretary, Ma’an Albostami.

1. Disclosure: Results of BOD meeting

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
2 years ago
News Update From Abu Dhabi National Insurance Company
ADX Disclosures: ADNIC Resumption Notice

The text presents a review report and condensed consolidated interim financial information for Abu Dhabi National Insurance Company PJSC and its subsidiary. The report covers the three-month period ending on 31 March 2024. The company's principal business address is P.O. Box: 839, Abu Dhabi, UAE.

1. ADX Disclosures: ADNIC Resumption Notice

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