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Salik Company has announced that it will begin implementing variable pricing for its toll gates starting January 31, 2025. This pricing structure will apply to all Salik gates without exception. The variable pricing schedule is divided into peak, off-peak, and past midnight hours, with different rates applied on weekdays and Sundays. During the holy month of Ramadan, the timing of peak and off-peak hours will be adjusted. It is noted that there will be no change in the charging method for passing through specific toll gates within one hour, as the charge will be applied only once. For further details, individuals are encouraged to visit the Salik website.
The text is a notification letter dated 17 January 2025, addressed to Mr. Hamed Ahmed Ali, the CEO of the Dubai Financial Market, from Lama Takieddin, the Head of Corporate Governance and Company Secretary of Amlak Finance PJSC. The letter informs Mr. Ali that the Board of Directors of Amlak Finance PJSC will consider a resolution by circulation on Wednesday, 22 January 2025, at 3 PM regarding regular and internal matters. The Securities & Commodities Authority is also copied on the letter.
On 16 January 2025, Gulf Navigation Holding PJSC held its General Assembly Meeting both in person and electronically at Novotel Hotel in Dubai. During the meeting, it was decided to postpone the discussion of agenda items related to the acquisition of companies and assets owned by Brooge Energy Limited. This decision was made to allow for further discussions with the Securities and Commodities Authority and the independent valuer regarding the valuation report. The aim is to determine the best way to structure the transaction to benefit the company and its shareholders, and to present the results of these discussions.
On January 16, 2025, the Board of Directors of Drake & Scull International PJSC held their first meeting of the year at the company's offices. During this meeting, the board approved the minutes from their previous meeting and discussed the company's routine and operational matters. The meeting was led by Hamed Ahmed Ali, CEO of the Dubai Financial Market.
The Dubai Financial Market has released the expiry settlement prices for equity futures contracts expiring in January 2025. The prices for various contracts, identified by their series codes and ISINs, are listed in AED. Notable prices include AIRARB at 3.140 AED, EMAAR at 12.850 AED, and ENBD at 22.100 AED. The full announcement and details are available on the Dubai Financial Market website. The document includes a disclaimer noting that the information is subject to change and should not replace the official trading regulations.