Latest Threads

Resolution No. (406) of 2024 concerns the temporary suspension of trading on the shares of Gulf Investment House Company. According to article No. (16) of the Regulations Concerning the Listing of Securities on ADX, the trading will be suspended due to a Board of Directors Meeting of the Gulf Investment House Company that will be held at 14:00 on the 14-May-2024. This meeting time coincides with the trading session at ADX. Therefore, trading in GIH shares will be suspended from 09:00 on 14-May-2024 until ADX receives the meeting results. All heads of departments in ADX are to execute this resolution in their respective fields. This resolution will be circulated to SCA, the concerned company, all departments at ADX, and all brokers accredited by ADX. The resolution was approved by the authorised person and issued on 09/05/2024.

On 9th May 2024, a notice was issued for a Board of Directors meeting for Watania International Holding (PJSC) to be held on 14th May 2024 at 2:00 PM. The agenda includes reviewing and endorsing the financial statements for the first quarter ended on 31 March 2024, and routine business discussions. The notice was signed by the Board Secretary, Nawal Ma’ally.

Dubai Insurance Co. has informed the CEO of Dubai Financial Market, Mr. Hamed Ahmed Ali, of a scheduled Board of Directors meeting. The meeting is set to take place on 14th May 2024, at 11:00 am at the company's head office. The purpose of the meeting is to approve the financial results for the first quarter of 2024. The notification was sent by the Head of Legal & Compliance, Sahem Abdelhaq.

Resolution No. (405) of 2024 temporarily suspends trading of Sudatel Telecommunications Group Company Limited shares on the ADX. The suspension is due to a board of directors meeting scheduled for 13:00 on 13-May-2024, which coincides with the trading session at ADX. Trading will be suspended from 09:00 on 13-May-2024 until the meeting results are received by ADX. The heads of departments at ADX are instructed to execute this resolution, and it will be circulated to SCA, the concerned company, all departments at ADX, and all brokers accredited by ADX. The resolution was approved by the authorized person and issued on 09/05/2024.

Resolution No. 404 of 2024 announces the temporary suspension of trading for Phoenix Group PLC shares on the ADX. This is due to a board meeting scheduled for 10:30 on 13-May-2024, which coincides with the trading session. Trading will be suspended from 09:00 on 13-May-2024 until the ADX receives the meeting results. All department heads at ADX are required to implement this resolution in their respective fields. The resolution is to be circulated to SCA, the concerned company, all departments at ADX, and all brokers accredited by ADX. The resolution was approved by the authorized person and issued on 09/05/2024.

Spinneys, a premium grocery retail supermarket operator, has successfully debuted on the Dubai Financial Market (DFM) following an oversubscribed IPO. The IPO was oversubscribed 64 times in aggregate, the highest level for a non-government-related IPO on the DFM in recent years. The Spinneys IPO raised AED 1.38 billion (USD 375 million), implying a market capitalization of AED 5.51 billion (USD 1.50 billion) at listing. Spinneys plans to continue its growth in 2024 with new stores in Saudi Arabia and the UAE, and the launch of new formats including a dining concept and a hyperlocal ecommerce offering.