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On 1st May 2024, Rami Mohammad Al Banna, Head of Investor Relations at Dubai Taxi Company PJSC, sent a letter to Mr. Hamed Ahmed Ali, the CEO of Dubai Financial Market. The letter was to inform him about the company's earnings call scheduled for 3:00 pm on 8th May. This call is intended to discuss the financial results for the first quarter of 2024. The presentation for the call will be available on the company's website before the meeting. The Securities and Commodities Authority was also copied in the letter.
GFH Financial Group announced on 1st May 2024 that it has acquired an additional 27,112,532 of its own shares (treasury shares), bringing its total holding of treasury shares from 253,516,978 (6.61% of total issued shares) to 280,629,510 (7.32% of total issued shares). The decision to purchase these shares was made by the company's board of directors in September 2021 and approved by the Authority in April 2024. The average purchase price was 0.297 USD per share, representing 0.707% of the issued capital. The company still has the capacity to purchase an additional 102,629,873 shares.
The Board of Directors of PRESIGHT AI HOLDING PLC has invited its shareholders to a general meeting on 21 May 2024 at 4:00 p.m (UAE time). The meeting can be attended in person at the Rosewood Abu Dhabi Hotel, or virtually via a link sent to shareholders. The agenda includes authorizing the chairman to appoint a secretary and a vote collector, approving a transaction described in a letter to shareholders dated 1 May 2024, and approving and ratifying the entry of Presight AI Ltd into a share purchase agreement. The transaction involves Presight AI Ltd indirectly acquiring 51% of Matrix JVCO Ltd through the acquisition of 100% of P Ventures Holdings RSC Ltd from G42 Investments AI Holding Ltd.
ADNOC, G42, and Presight AI Holding PLC have announced a new shareholding structure for AIQ, under which Presight will acquire a 51% stake and ADNOC will retain 49%. This values AIQ at over $1.4 billion. ADNOC will also receive a 4% stake in Presight as part of the transaction, solidifying its position in AI solutions for the energy sector. AIQ will continue as a standalone company within Presight's big data analytics portfolio. The transaction is subject to Presight's shareholder and regulatory approval.