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Dubai Financial Market has announced a significant increase of 171% in its net profit for Q1 2024, before tax. The profit reached a total of AED 95.6 million.

The Annual General Assembly Meeting of ADNOC Logistics & Services PLC was held in person and virtually on 29th April 2024, chaired by H.E. Dr. Sultan Ahmed Al Jaber. The meeting had a quorum of 84.19% of total attendance. The assembly approved the Board of Directors’ report on the company’s activities and financial position for the financial year ended on 31 December 2023. The report of the company’s external auditor and the standalone and consolidated audited financial statements for the same period were also approved. The board's recommendation for a cash dividend distribution of USD 130 million for the second half of 2023 was approved, bringing the total cash dividends for 2023 to approximately AED 716 million. The payment of AED 15.83 million to the Board of Directors as remuneration for the financial year ended on 31 December 2023 was also approved.

Drake & Scull International's subsidiary, Passavant Energy & Environment, has secured a $48 million project to design and construct a wastewater treatment plant in Al-Khobar, Saudi Arabia. The project, in partnership with a major Saudi contracting company, aims to enhance existing infrastructure and contribute to sustainability efforts in the Eastern Province. The plant will have a capacity of 200,000 cubic meters per day and will employ technology to convert waste into energy. The project will also include supporting buildings and facilities, a pumping station, waste treatment tanks, water distribution pipelines, and an odor control system.

The text appears to be an introduction to a financial report from the National Bank of Fujairah PJSC. The report contains condensed consolidated interim financial information for the three-month period ending on 31 March 2024.

A letter dated 29th April 2024, from Dubai Refreshment PJSC to Mr. Hamed Ahmed Ali, the CEO of Dubai Financial Market, announces the immediate resignation of Mrs. Eman Mahmood Ahmed Abdulrazzaq from her position as an independent board member of the company due to personal reasons. The board has accepted her resignation and wishes her success in her future professional and personal tasks. The board will take necessary actions to appoint a replacement and will inform the markets accordingly.

Resolution No. 382 of 2024 temporarily suspends trading of National Marine Dredging Co.'s shares on ADX. The suspension is due to a coinciding Board of Directors meeting scheduled for 2-May-2024 at 13:00. Trading will be suspended from 09:00 on 2-May-2024 until ADX receives the meeting results. The resolution instructs all heads of departments in ADX to execute this decision in their respective fields and circulate it to SCA, the concerned company, all departments at ADX, and all brokers accredited by ADX. The resolution, approved by the authorized person, was issued on 30/04/2024.