Latest Threads

The National Cement Company (PSC) has invited its shareholders to attend the Annual General Meeting. The meeting is scheduled to take place physically at the company's main headquarters in Al Quoz Industrial 3, Dubai and virtually on Thursday, 25 April 2024 at 01:00 PM. The meeting's agenda includes reviewing and approving the Directors' and Auditors' reports for the year ended 31st December 2023, considering and approving the Consolidated Financial Statements for the same period, and considering the distribution of a 15% cash dividend of the nominal value of the shares equivalent to 53,820,000 dirhams. The meeting will also consider and approve the Board of Directors' remuneration, absolve the Board of Directors and Auditors from liability for the year ended 31st December 2023, appoint auditors for the year 2024 and their fees, and elect the members of the Board of Directors for the next three-year term (2024 -2027). Shareholders can appoint a representative to attend on their behalf, adhering to specific guidelines.

The National Cement Company (PSC) has announced the opening of nominations for membership of its Board of Directors. The nomination period will run from April 1, 2024, to April 11, 2024. Each shareholder who meets the conditions of nomination may apply for board membership. Applicants must submit an application to the company's head office in Al Quoz Industrial 3, Dubai, enclosing an introductory profile and specifying the membership category they wish to apply for (Executive Director, Non-Executive Director, Independent Director). The board membership to be elected is seven. The nomination period will remain open for 10 days from the date of the announcement. Applicants must meet conditions stipulated in Federal Decree Law No 32 of 2021 and other relevant regulations. After submitting the nomination, the candidate may not relinquish their nomination to another person. The company will post the names of nominees and their details on its website on April 18, 2024. The Securities and Commodities Authority will be provided with a list of the nominees after the nomination period is closed.

The letter is addressed to Mr. Hamed Ahmed Ali, the Chief Executive Officer of Dubai Financial Market, from Vicken Khochafian, the Board Secretary of Dubai Taxi Company P.J.S.C. The letter notifies that the Board of Directors of the Dubai Taxi Company will be issuing a Board Resolution by Circulation on 03/04/2024. This resolution pertains to the approval of internal matters and will not impact the company's share price. A copy of the letter is also sent to the Securities and Commodities Authority.

The document is a financial statement and independent auditor's report for the National Cement Company, a public shareholding company, as of 31 December 2023.

Dubai Financial Market (DFM) has announced the return of the second edition of the MENA Capital Market Summit, the region’s only IPO-focused event, scheduled for May 1st & 2nd, 2024. The summit will explore various financial topics including the growth of IPOs, government privatization programs, global economy outlook, and AI's impact on financial markets. The event will bring together key players and decision makers from the capital markets landscape and aims to stimulate discussions on capital raising activities and financial innovations. The summit will be sponsored by prominent financial institutions like Bank of America, Citibank, and Emirates NBD among others.