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RAK Properties, a leading property developer in Ras Al Khaimah, has partnered with A.R.M Holding and HIVE to create a new coliving and coworking development in Mina Al Arab. This initiative aims to meet the needs of young professionals and entrepreneurs by offering innovative living and working spaces. The development will feature a 117-unit HIVE building and a 116-unit residential building for purchase, along with retail and coworking spaces. This project highlights RAK Properties' strategy to enhance the emirate's appeal as a vibrant and balanced lifestyle destination.
On 21 November 2024, a communication was sent to the Disclosure & Compliance Section at the Abu Dhabi Securities Exchange regarding a decision by the Board of Directors of Abu Dhabi Ports Company PJSC. The Board plans to issue a resolution by circulation on 25 November 2024 at 6 p.m. to invite the company's general assembly to discuss the issuance of bonds. The letter was signed by Emil Pellicer, the General Counsel, and a copy was sent to the Securities and Commodities Authority.