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Salik, the sole toll gate operator in Dubai, has donated AED 200,000 to the Dubai Autism Center as part of its corporate social responsibility (CSR) initiatives. The donation was made during the Center's 18th Autism Awareness Campaign, which aligns with World Autism Awareness Day. The funds will support the Center's efforts to improve the quality of life for individuals with autism and their families in the UAE. Salik's CEO, Ibrahim Al Haddad, stated that the donation reflects the company's commitment to inclusivity and societal wellbeing.
Dubai Financial Market has announced a significant increase of 171% in its net profit for Q1 2024, before tax. The profit reached a total of AED 95.6 million.
The Annual General Assembly Meeting of ADNOC Logistics & Services PLC was held in person and virtually on 29th April 2024, chaired by H.E. Dr. Sultan Ahmed Al Jaber. The meeting had a quorum of 84.19% of total attendance. The assembly approved the Board of Directors’ report on the company’s activities and financial position for the financial year ended on 31 December 2023. The report of the company’s external auditor and the standalone and consolidated audited financial statements for the same period were also approved. The board's recommendation for a cash dividend distribution of USD 130 million for the second half of 2023 was approved, bringing the total cash dividends for 2023 to approximately AED 716 million. The payment of AED 15.83 million to the Board of Directors as remuneration for the financial year ended on 31 December 2023 was also approved.
Drake & Scull International's subsidiary, Passavant Energy & Environment, has secured a $48 million project to design and construct a wastewater treatment plant in Al-Khobar, Saudi Arabia. The project, in partnership with a major Saudi contracting company, aims to enhance existing infrastructure and contribute to sustainability efforts in the Eastern Province. The plant will have a capacity of 200,000 cubic meters per day and will employ technology to convert waste into energy. The project will also include supporting buildings and facilities, a pumping station, waste treatment tanks, water distribution pipelines, and an odor control system.