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Resolution No. 477 of 2024 temporarily suspends the trading of AGTHIA Group shares on the Abu Dhabi Securities Exchange (ADX) from 11:00 on September 12, 2024, until the results of the AGTHIA Group Annual General Meeting (AGM) are received by ADX. This decision is in accordance with Article 16 of the regulations concerning the listing of securities on ADX. All relevant departments within ADX are instructed to implement this resolution, and it will be communicated to the Securities and Commodities Authority (SCA), AGTHIA Group, all ADX departments, and accredited brokers. The resolution was approved by the authorized person and issued on August 20, 2024.
First Abu Dhabi Bank (FAB) has appointed Chris Jaques as Group Chief Risk Officer effective August 5, 2024. Mr. Jaques brings over 30 years of experience in the financial services sector, having held leadership roles in risk management, income derivatives trading, and multi-asset fund management. He joins FAB after an 11-year tenure at Deutsche Bank, where he most recently served as Chief Risk Officer for the UK and Ireland and Global Head of Enterprise Risk Management. FAB’s Board of Directors and leadership extend a warm welcome to Mr. Jaques. For media and investor inquiries, contact FAB Communications or FAB Investor Relations.
Dana Gas (PJSC) has announced that Pearl Petroleum Co. Ltd has issued a notice of termination to Enerflex, the EPC contractor for the KM 250 project, due to numerous performance issues. These issues have caused significant delays and hindered the progress of the Khor Mor gas expansion project in the Kurdistan Region of Iraq. As a result, Pearl Petroleum will take direct control of the remaining phases of the project to ensure its timely completion. Pearl also reserves the right to claim potential damages under the contract.