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Tabreed, a leading international district cooling company based in the UAE, has celebrated its most successful year to date in 2023. In its Annual General Assembly, shareholders approved a record high dividend payment of 15.5 fils per share, representing a 15% increase from the previous year. The company also reported a 9% growth in revenue and a 25% increase in net profit before tax. Two new board members, Geert Bunkens and Marion Deridder Blondel, were appointed during the meeting. Tabreed's Chairman, Khaled Abdullah Al Qubaisi, highlighted the company's growth strategy and its role in global cooling discussions during COP28. The company added 53,000 refrigeration tons of new connections and six new plants to its portfolio in 2023, and operates in six countries, including India.

Al Ansari Financial Services has approved a cash dividend of AED 300 million for H2 2023 at its Annual General Assembly Meeting in Dubai. This brings the total dividend distributions for the fiscal year 2023 to AED 600 million. The company's financial statements for the year ended 31 December 2023 were also approved, along with various policies related to the remuneration of the Board of Directors and senior Executive management, the company's Dividends Policy, and the company's corporate social responsibility. The Chairman of Al Ansari Financial Services highlighted the company's strong financial and operational performance in 2023, attributing it to the company's strategic growth initiatives, innovation, and the support of stakeholders.

Resolution No. 335 of 2024 temporarily suspends trading of Phoenix Group PLC shares on the ADX due to a board meeting scheduled at the same time as the trading session. Trading will be halted from 09:00 on 26-Mar-2024 until the 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 SCA, the concerned company, all departments at ADX, and all brokers accredited by ADX. The resolution, approved by an authorized person, was issued on 20/03/2024.

The Dubai Financial Market has announced a new contract series for Oman Crude Oil Futures contracts for May 2025. The contracts will be available for trading from 25 March 2024 until 24 March 2025. The contract ID is OIL240325001 and the contract series code is OMOILK25. The information is subject to change and should be cross-referenced with the Dubai Financial Market Regulated Derivative Contract Trading Regulation.

The text is a communication to Dr. Maryam Butti Al Suwaidi, CEO of the Securities & Commodities Authority in Abu Dhabi, and Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market. It discusses the resolutions adopted at the Annual General Assembly meeting of the National Central Cooling Company PJSC (Tabreed) held on 19 March 2024. The main resolution is to authorize the Board of Directors to issue non-convertible bonds and/or sukuk up to a total value of USD 1 billion to qualified investors over the next 12 months. The profit rate will not exceed the prevailing market rate for companies with the same credit rating as Tabreed.