Latest Threads
Check out what has been happening in the community
Check out what has been happening in the community
Resolution No. (494) of 2024 mandates the temporary suspension of trading in RAK Properties shares on the Abu Dhabi Securities Exchange (ADX) from 13:00 on November 6, 2024, until the results of a Board of Directors meeting are received. This decision is in accordance with Article No. (16) of the regulations concerning securities listing on ADX. All relevant ADX departments and brokers are instructed to implement this resolution, which has been approved by the authorized person and will be circulated to the Securities and Commodities Authority (SCA), the concerned company, and all relevant parties. The resolution was issued on November 1, 2024.
TECOM Group reported a 23% year-on-year increase in net profit for the first nine months of 2024, reaching AED 943 million, driven by record revenues of AED 1.7 billion, a 10% increase from the previous year. The company's EBITDA rose by 13% to AED 1.4 billion due to increased revenues and operational efficiencies. Funds from operations increased by 20% to over AED 1.2 billion, while total investments in commercial and industrial assets surpassed AED 2.7 billion. In the third quarter, TECOM achieved a 12% rise in revenue to AED 611 million and a 20% increase in net profit to AED 340 million.
BHM Capital Financial Services has been appointed as the liquidity provider for ADNH Catering shares on the Abu Dhabi Securities Exchange (ADX). This partnership aims to improve liquidity, enhance price stability, and facilitate efficient transactions for investors. BHM Capital will enter two-way daily quotes into the market's trading systems, complying with ADX and UAE Securities and Commodities Authority regulations. CEO Abdel Hadi Al Sa’di expressed pride in this role, emphasizing the company's commitment to market efficiency and investor confidence. BHM Capital is a leading financial institution in the UAE, offering services to individual and corporate investors.
Salik Company (PJSC) has announced that two new toll gates, the "Business Bay Gate" and the "Al Safa South Gate," will begin operations on Sunday, November 24, 2024. This follows a disclosure by Salik's Board of Directors on August 28, 2024. For further details, individuals are encouraged to visit the Salik website.
The Abu Dhabi Securities Exchange has issued a notice regarding Sudatel Telecom Group's 31st Annual General Meeting (AGM), scheduled for 11:00 AM Sudan time on Saturday, November 16, 2024. Further details can be found on Sudatel's website. The announcement is addressed to the Market Operations Surveillance Department and signed by Manal Ibrahim Abuzaid, the Investors Relations Manager.
Date: 01/11/2024 Reference: RAPCO-BS/2024-045 The Board of Directors of RAPCO Investment PJSC held its fourth meeting of the year 2024 on Friday, November 1st, at 10:00 am at the company's offices. During this meeting, the board approved the minutes of the previous meeting and ratified its decisions. Additionally, other business and operational matters related to the company's activities were discussed. Sincerely, Yazan S. Maragha Board Secretary