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Dubai-based property developer, Binghatti Holding, has listed its debut Sukuk valued at USD 300 million on Nasdaq Dubai. This listing increases the exchange's total value of listed debt issuances to USD 131 billion. The Sukuk issuance, which matures in 2027, is significant in diversifying financing options for the real estate sector and is the first real estate benchmark USD-denominated Sukuk from the Middle East and North Africa (MENA) region in 2024. Fitch Ratings recently awarded Binghatti Holding a B+ credit rating with a positive outlook, indicating the company's financial strength and market confidence. The listing was over-subscribed by two times and competitively priced due to investor demand.

On 7th March 2024, a letter was sent to Dr. Maryam Buti Al Suwaidi, the Chief Executive Officer of the Securities and Commodities Authority in Abu Dhabi, and Mr. Hamed Ahmed Ali, the Chief Executive Officer of the Dubai Financial Market. The subject of the letter was the results of the Dubai Financial Market PJSC board of directors' resolution by circulation. The letter referenced the company's disclosure dated 4th March 2024, informing that the board of directors had passed a resolution related to regular and internal matters. The letter was signed by Ali Al Hashimi, the Chief Financial Officer of Dubai Financial Market (PJSC).

Mashreqbank P.S.C. held its Annual General Assembly Meeting on 7th March 2024. The meeting was conducted at the Mashreqbank Head Office and virtually, chaired by H.E. Abdulaziz Abdulla Al Ghurair. The quorum of total attendees was 94.73%. The meeting resulted in the approval of the Board of Directors' report on the bank's activity and its financial position for the year ended 31st December 2023. The auditor's report for the same financial year was also approved. Furthermore, the bank's balance sheet and profit and loss account for the financial year ending 31st December 2023 were approved.

Resolution No. 319 of 2024 focuses on the temporary suspension of trading shares of Hayah Insurance Company P.J.S.C. The resolution is based on Article No. 16 of the Regulations concerning the listing of securities on ADX. The Board of Directors of Hayah Insurance Company will hold a meeting at 11:00 on 13-Mar-2024. As the meeting time overlaps with the ADX trading session, trading in GCIC shares will be suspended from 09:00 on 13-Mar-2024 until the ADX receives the meeting results. All heads of departments in ADX are required to execute 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 issued on 07/03/2024.