Latest Threads
Check out what has been happening in the community
Check out what has been happening in the community
Resolution No. (422) of 2024 outlines the temporary suspension of trading for the shares of Abu Dhabi National Co. for Building Materials (BILDCO). The suspension will begin at 14:00 on May 29, 2024, to coincide with a Board of Directors meeting, and will remain in effect until the Abu Dhabi Securities Exchange (ADX) receives the meeting results. The resolution mandates that all relevant ADX departments execute this decision and that the resolution be communicated to the Securities and Commodities Authority (SCA), the concerned company, all ADX departments, and accredited brokers. The resolution was approved by an authorized person and issued on May 29, 2024.
The Extraordinary General Meeting initially scheduled for Tuesday did not achieve the required quorum. As a result, a second meeting will be held on Wednesday, May 29, 2024, at 1:30 pm in the Noble Meeting Room at the Westin City Centre Bahrain Hotel, Seef District, Kingdom of Bahrain.
GFH Financial Group B.S.C. announced on May 29, 2024, that it has received approval from the Central Bank of Bahrain to repurchase up to 10% of its total issued shares as treasury shares, following a resolution passed at the Ordinary General Meeting on March 24, 2024. The share repurchase will commence on May 30, 2024. The announcement was made by Mariam Jowhary, Head of Compliance and AML, and bears the company seal.