Latest Threads
Check out what has been happening in the community
Check out what has been happening in the community
Resolution No. (397) of 2024 temporarily suspends trading on the shares of Emirates Insurance Co., in accordance with article No. (16) of the Regulations concerning the listing of securities on ADX. The suspension will occur from 09:00 on 13-May-2024, due to the Emirates Insurance Co. Board of Directors meeting at 12:30 on the same day, and will last until the meeting results are received by ADX. The resolution is to be executed by all department heads at ADX and 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 08/05/2024.
The Abu Dhabi Securities Exchange (ADX) has issued a circular (19/2024) announcing a temporary suspension of trading on E7 Group shares. This follows the results of the E7 Group Company's General Assembly Meeting on 24/04/2024, where approval was given for the company's share split in line with Article (10/11) of the Listing and Disclosure Rules of the Operating Market. The trading suspension will take place on Friday, 03 May 2024 and Monday, 06 May 2024 due to the entitlement date of the Bank's shares split on 02/05/2024. Trading is expected to resume on Tuesday, 07 May 2024.
Emirates Central Cooling Systems Corporation (Empower), the world's largest district cooling services provider, provides cooling services to 21% of Dubai's hotels and hotel apartments, up from 19% the previous year. The company's services are contributing to the reduction of carbon emissions in alignment with Dubai's sustainability and zero emissions targets. Empower's services are in high demand from developers and operators of new hotels due to their compliance with international standards and use of innovative, AI-powered technologies. The company's efforts are consistent with Dubai's vision of a green economy and sustainable development. Empower's CEO, Ahmad bin Shafar, emphasized the company's early investments in AI-based infrastructure and strong support for the Arab Travel Market 2024's focus on sustainability and innovation in the travel industry.
The National General Insurance Company PSC (NGI) has processed a corporate action today, distributing bonus shares. These have been credited into the accounts of investors with trading members, custodian members, or the registry account with Dubai CSD, based on the owned balances in each of these accounts as of the closing date (26/04/2024).
Resolution No. 396 of 2024 announces the temporary suspension of trading on the shares of Gulf Cement Co. on the ADX (Abu Dhabi Securities Exchange). The suspension is due to coincide with a Board of Directors meeting scheduled for 14:00 on 15-May-2024. Trading will be suspended from 09:00 on the same day until the ADX receives the meeting results. All department heads at ADX are instructed to execute this resolution in their respective fields. The resolution will be circulated to the SCA, the concerned company, all departments at ADX, and all brokers accredited by ADX. The resolution was issued on 08/05/2024.
Dubai Taxi Company (DTC) reported a 40% YoY increase in EBITDA to AED 169.9 million in Q1 2024. Revenue for the quarter grew by 16% to AED 558.4 million, driven by improvements across all segments. The company's taxi segment saw a 15% YoY increase in revenue, supported by the addition of new taxis to its fleet. The limousine segment also performed well, with a 7% YoY and 17% QoQ increase in revenue. The bus segment revenue rose by 28% YoY to AED 37 million, while the delivery bikes segment saw a fourfold increase in revenue YoY. Despite the introduction of corporate tax, DTC's net profit grew by 15% YoY to AED 108.0 million. Excluding the tax impact, net profit increased 26%.
The document is a review report and condensed interim financial information for the Dubai Taxi Company P.J.S.C., covering the three-month period ending on 31 March 2024.
The document presents the consolidated and separate condensed interim financial information for Oman and Emirates Investment Holding Company SAOG for the three-month period ending on 31 March 2024.