Latest Threads

The Islamic Arab Insurance Company, SALAMA (PSC), has scheduled a board meeting on Tuesday, 14th May 2024 starting at 03:00 pm. The agenda includes the review and approval of the minutes from the last board meeting held on 29th March 2024, review and approval of the Financial Statements for the first quarter ending 31st March 2024, and discussion of other general matters. The announcement is authorized by Khaled Barakat, the General Counsel of the company.

The text is a formal notification dated 9th May 2024, addressed to Dr. Maryam Butti Al Suwaidi, CEO of Securities & Commodities Authority in Abu Dhabi, and Mr. Hamed Ahmed Ali, CEO of Dubai Financial Market. The document, sent by Sean Magee, the Company Secretary of National Central Cooling Company (PJSC), is to inform them about a board meeting scheduled for 14th May 2024. The meeting will review the financial results for the first quarter ended 31 March 2024 and discuss the business and operations of the company. This notification is in accordance with Article 36/11 of the Disclosure and Transparency Regulations number (3) for the year 2000 (as amended).

The CEO of the Securities & Commodities Authority, Dr. Maryam Butti Al Suwaidi, and the CEO of Dubai Financial Market, Mr. Hamed Ahmed Ali, received a letter on 9th May 2024 regarding an upcoming earnings call. The National Central Cooling Company (Tabreed) will hold an earnings call on 15th May 2024 at 3.00pm to discuss the financial results for the period ending on 31st March 2024. The letter was signed by Sean Magee, the Company Secretary.

Resolution No. (410) of 2024 temporarily suspends trading of the shares of Abu Dhabi National Co. for Building Materials. This decision is made in accordance with article No. (16) of the Regulations Concerning the Listing of Securities on ADX. The suspension is due to the Board of Directors Meeting of the company taking place on 14-May-2024 at 14:00, which coincides with the trading session at ADX. As such, trading in the company's shares will be suspended from 09:00 on 14-May-2024 until the ADX receives the meeting results. All heads of departments in ADX are instructed to execute this resolution in their respective fields. The resolution will be circulated to SCA, the company in question, all departments at ADX, and all brokers accredited by ADX. The resolution was approved by the authorized person and issued on 09/05/2024.

Resolution No. 409 of 2024 temporarily suspends the trading of shares for the Al Buhaira National Insurance Company. This decision was made as the company's Board of Directors meeting, scheduled for 10:30 on 15-May-2024, coincides with the trading session at ADX. Therefore, trading of the company's shares will be suspended from 09:00 on 15-May-2024 until ADX receives the meeting results. All department heads at ADX are instructed to implement this resolution in their respective fields. The resolution will be circulated to the Securities and Commodities Authority (SCA), the concerned company, all ADX departments, and all ADX-accredited brokers. The resolution was approved by the authorized person and issued on 09/05/2024.

Resolution No. 408 of 2024 announces the temporary suspension of trading on the shares of Hayah Insurance Company P.J.S.C. This suspension is due to the company's Board of Directors Meeting that is scheduled to be held at 11:00 on the 14-May-2024, which coincides with the trading session at ADX. As a result, trading in the company's shares will be suspended from 09:00 on 14-May-2024 until the meeting results are received by ADX. All department heads in ADX are required to implement 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 approved by the authorized person and issued on 09/05/2024.

Resolution No. (407) of 2024 temporarily suspends trading on the shares of Al Wathba National Insurance Co. This action is taken in accordance with article No. (16) of the Regulations Concerning the Listing of Securities on ADX. The suspension is due to coincide with the Board of Directors Meeting of Al Wathba National Insurance Co. scheduled for 12:00 on 13-May-2024. Trading will be suspended from 09:00 on 13-May-2024 until ADX receives the meeting results. All department heads in ADX are instructed to execute this resolution in their respective fields. The resolution will be circulated to the SCA, the concerned company, all departments at ADX, and all brokers accredited by ADX. The resolution was issued on 09/05/2024.

Ajman Bank has reported a record quarterly profit of AED 107.4 million in Q1 2024, a 139% increase from the previous year. The bank's total operating income has also risen by 7% to AED 400.3 million. The bank's Return on Equity and Return on Asset have both doubled compared to Q1 2023. The bank's CEO, Mustafa Al Khalfawi, attributes these strong results to the bank's transformation strategy, stringent cost containment, operational efficiencies, and a rigorous approach to risk management. The bank's balance sheet remains healthy with total assets of AED 23.1 billion and equity of AED 2.8 billion. The bank's capital adequacy ratio and Tier 1 capital adequacy are both above regulatory requirements.