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Modon Holding P.S.C. has announced a strategic partnership with Hassan Allam Holding to explore collaboration on large-scale construction projects in Egypt, particularly in Ras El Hekma. The memorandum of understanding aims to enhance cooperation in sectors such as infrastructure, energy, and water and wastewater treatment. His Excellency Jassem Mohamed Bu Ataba Al Zaabi, Chairman of Modon Holding, stated that the agreement marks a significant step in their expansion into Egypt and highlights their commitment to promoting partnership opportunities. Both companies will focus on developing resilient and sustainable utilities and infrastructure, including power, water treatment, and telecommunications, to ensure long-term operational success.

Palms Sports has secured a two-year government contract worth over AED 32 million to provide physical training and development for a prestigious institution in the UAE. The company, a leader in sports management and Jiu-Jitsu training, will deploy a team of 28 experts to support leadership development initiatives. CEO Fouad Darwish expressed pride in the partnership, highlighting the company's commitment to delivering high-quality training and its role in supporting the UAE's leadership goals. This contract emphasizes Palms Sports' expertise and expands its service offerings in leadership and personal development.

Modon Holding P.S.C. has entered into a strategic partnership with Hassan Allam Holding to explore collaboration on large-scale construction projects in Egypt, specifically in Ras El Hekma. The memorandum of understanding aims to enhance cooperation in various sectors, including infrastructure, energy, water and wastewater treatment, and special buildings. The partnership seeks to promote opportunities for the Ras El Hekma project, supporting Modon Holding's growth and diversification in Egypt. Both companies will explore utilities and infrastructure collaboration, focusing on delivering sustainable power, water treatment, and telecommunications infrastructure for long-term success.

TAQA, JERA, and Al Bawani have formed a consortium to develop two new combined cycle gas power plants in Saudi Arabia, named Rumah 2 IPP and Al Nairyah 2 IPP. Each plant will have a generation capacity of 1.8 GW, totaling 3.6 GW. The consortium has signed two 25-year Power Purchase Agreements with the Saudi Power Procurement Company. The plants will use advanced gas turbine technology and support carbon capture, aligning with Saudi Arabia's energy goals of a balanced energy mix and the Saudi Green Initiative for net-zero emissions by 2060.

GFH Financial Group has announced that it has entered into definitive agreements with the Saudi Education Fund (SEF), managed by EFG Hermes, to acquire Britus Education. Britus Education is a leading K-12 education platform operating international schools in the GCC and MENA regions, with a market value exceeding USD 200 million. The portfolio includes four schools in Saudi Arabia, two in the UAE, and one in Bahrain, with a total capacity of approximately 12,000 students and about 8,000 currently enrolled. This investment is expected to positively impact GFH's financials and increase the Group's returns. The announcement was made by Mariam Jowhary, Head of Compliance and AML.

Resolution No. 524 of 2024 announces the temporary suspension of trading for the shares of Abu Dhabi National Co. for Building Materials (BILDCO) on the Abu Dhabi Securities Exchange (ADX). This suspension will occur from 14:00 on December 10, 2024, coinciding with the company's Annual General Meeting (AGM), and will remain in effect until ADX receives the AGM results. The resolution mandates that all ADX department heads implement this decision within their respective areas. It also requires that the resolution be communicated to the Securities and Commodities Authority (SCA), the concerned company, all ADX departments, and accredited brokers. The resolution has been approved by the authorized person and was issued on November 18, 2024.

The letter, dated 18 November 2024, is addressed to Mr. Hamed Ahmed Ali, the CEO of the Dubai Financial Market. It serves as a notification regarding a resolution by the Board of Directors of Amlak Finance PJSC. The board plans to pass this resolution by circulation on Thursday, 21 November 2024, at 3 pm, concerning regular and internal matters. The letter is signed by Lama Takieddin, the Head of Corporate Governance and Company Secretary, and a copy is sent to the Securities & Commodities Authority.