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Resolution No. (443) of 2024 temporarily suspends trading of PHOENIX GROUP PLC shares on the Abu Dhabi Securities Exchange (ADX) starting from 14:00 on July 25, 2024, due to a Board of Directors meeting coinciding with the trading session. Trading will resume once ADX receives the meeting results. The resolution mandates that all ADX department heads implement this decision within their respective areas. Additionally, the resolution will be circulated to the Securities and Commodities Authority (SCA), the concerned company, all ADX departments, and all accredited brokers. The resolution has been approved by the authorized person and was issued on July 25, 2024.
Resolution No. 442 of 2024 temporarily suspends trading of United Arab Bank (UAB) shares on the Abu Dhabi Securities Exchange (ADX) from 12:00 on July 25, 2024, until ADX receives the results of the UAB Board of Directors meeting scheduled for the same time. The resolution mandates that all relevant ADX department heads execute the suspension and that the resolution be communicated to the Securities and Commodities Authority (SCA), the concerned company, all ADX departments, and all accredited brokers. The resolution has been approved by the authorized person and was issued on July 25, 2024.
The Dubai Financial Market has announced the expiry settlement prices for Micro DME Oman Crude Oil Futures Contracts expiring in July 2024. The settlement price for the contract series code OMOIL U24 is 80.66 USD. The announcement, dated 24 July 2024, is available on the Dubai Financial Market website. The document also includes a disclaimer noting that the information is subject to change and emphasizes that it is not a substitute for the relevant trading regulations.
Abu Dhabi Islamic Bank PJSC has released its condensed consolidated interim financial statements for the period ending 30 June 2024. These statements are unaudited.
On 25 July 2024, the Market Operations & Surveillance section of the Abu Dhabi Securities Exchange sent a notification to the Disclosures and Compliance Section regarding a meeting of the Board of Directors of Borouge PLC. The meeting is scheduled to be held via video conference at 3:00 PM on Tuesday, 30 July 2024. The agenda includes discussing and approving the financial results for the second quarter of 2024, considering interim dividend distribution to shareholders for the first half of 2024, and addressing other general matters related to the company's activities and projects. The notification was signed by Hazeem Sultan Al Suwaidi, the Chief Executive Officer, and a copy was sent to the Securities and Commodities Authority (SCA).
The document is a review report and interim condensed consolidated financial statements for ESG Emirates Stallions Group PJSC, covering the six-month period that ended on June 30, 2024.
Emirates Stallions Group (ESG) reported a significant operational profit of AED 119 million for the first half of 2024, marking a 128% increase year-over-year. Revenue also saw a substantial rise to AED 640 million, a 140% increase compared to the same period in 2023. The company's total assets grew to AED 3.38 billion, a 10% increase from December 2023, while total equity rose by 5% to AED 2.4 billion. The book value per share increased by 5% to AED 9.59. ESG's growth is attributed to strategic portfolio expansion and strong business fundamentals. The leadership highlighted their commitment to operational optimization and exploring new opportunities in future-focused sectors.