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The Abu Dhabi Securities Exchange has postponed the review and approval of interim financial statements for the period ending 31/03/2024. Originally scheduled for Monday, 13/05/2024, the Board of Directors will now approve the statements on Tuesday, 14/05/2024 at 4:00 pm. This information was communicated by the General Manager, Saeed Ahmed Ghareib Alseridi.
The Annual General Assembly of ADNOC Logistics & Services PLC was held on 29th April 2024, with the option for shareholders to attend in person or virtually. The meeting took place at Sofitel Abu Dhabi Corniche Hotel at 4:30 p.m. (UAE time). Shareholders representing 84.19% of the company's share capital registered for the meeting to discuss the agenda and adopt relevant resolutions. The meeting was chaired by H.E. Dr. Sultan Ahmed Al Jaber, the Chairman of the Board of Directors, who declared the meeting quorate and appointed Mr. Ahmad Ma’abreh as secretary. The First Abu Dhabi Bank and Lumi were appointed as vote collectors.
On May 13, 2024, the Al Wathba National Insurance Company (PJSC) held a meeting with all nine board members. The meeting resulted in the appointment of Mrs. Sarah Ghazal as Secretary to the Board of Directors, subject to CBUAE approval. The board reviewed and approved the minutes from the previous meeting, the company's financial statements as of March 31, 2024, and updates to the company's general policies. They also discussed the company's compensation system and referred it to the NRC Committee for further action. Other operational matters related to the company's activities were also discussed. The Chief Financial Officer, Muralikrishnan R, was present at the meeting. The results of the meeting were communicated to the Central Bank of the UAE and the Securities and Commodities Authority.
On 13/05/2024, Hily Holding PJSC held a board meeting via video conference. The meeting, which ran from 3:00 PM to 4:00 PM, had all seven board members present. The minutes from the previous meeting were approved. The financial statement for the period ending 31/03/2024 was discussed and approved, showing a net profit of AED 23,188 million, a significant increase from AED 15,675 million in the same period of 2023. Other operational matters were also discussed and decisions were made accordingly.
Presight, a leading big data analytics company in the region powered by generative AI, has been selected as one of two UAE-based companies to implement a Memorandum of Understanding (MOU) signed between the governments of UAE and Mauritius. The MOU, signed by the Minister of Energy and Public Utilities of Mauritius, Hon. Georges Pierre Lesjongard, and the Minister of Energy and Infrastructure of UAE, H.E. Suhail Mohamed Al Mazrouei, aims for cooperation in the fields of energy, water, and sanitation. The agreement was signed during the 2-day Mauritius Emerging Tech Exhibition’s AI Summit (METX). As part of this MOU, Presight will utilize its big data analytics capabilities in the energy, utilities, and infrastructure sectors.
Shareholders of E7 Group, listed on the Abu Dhabi Stock Exchange, approved a share split during the General Assembly Meeting on 24 April 2024. The split will be effective from 7 May 2024. The split will not affect the number of E7 Group Warrants (E7W) in circulation. Following the split, each warrant will allow the holder to purchase ten shares at a price of AED 1.15 per share. E7 Group has the right to redeem the warrants under certain conditions. Warrant holders can exercise their warrants for up to 36 months post-business combination, until 6 December 2026.