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Resolution No. 343 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 26-Mar-2024, which coincides with the trading session at ADX. Trading will be suspended from 09:00 on 26-Mar-2024 until ADX receives the meeting results. The resolution instructs all department heads in ADX to execute this resolution in their respective fields and circulate it to SCA, the concerned company, all departments at ADX, and all brokers accredited by ADX. The resolution was issued on 22/03/2024.
Resolution No. 342 of 2024 announces the temporary suspension of trading on the shares of DANA GAS PJSC. The suspension is due to coincide with the company's AGM, scheduled for 11:00 on 17-Apr-2024, which overlaps with the trading session at ADX. Trading will be halted from 09:00 on 17-Apr-2024 until ADX receives the AGM results. All department heads in ADX are required to implement this resolution in their respective fields. The resolution will be circulated to SCA, the concerned company, all departments at ADX, and all brokers accredited by ADX. The resolution has been approved by the authorized person and was issued on 22/03/2024.
The Abu Dhabi Securities Exchange has issued a circular resolution on 22 March 2024, announcing changes in the Board of Directors of ADNOC Drilling Company PJSC. Dr. Sultan Ahmed Al Jaber has been elected as the Chairperson and Abdulmunim Saif Alkindi as the Vice Chairperson. The resolution also includes the appointment of members for the Board Committees, with Abdulmunim Saif Alkindi as the Chair of the Executive Committee. Other members of the Executive Committee include Khalid Abdul Samad, Fahad Al Ameri, Mohamed Al Aryani, Dr. Abdulla Al Jarwan, and Omar Sharaf.
GFH Financial Group B.S.C. has announced the acquisition of 16,091,447 of its treasury shares, increasing its total holding from 207,492,614 shares (5.41% of total issued shares) to 223,584,061 shares (5.83% of total issued shares) as of 22nd March 2024. The decision to purchase was made in a board meeting in September 2021 and approved by the Authority in March 2024. The shares were purchased at an average price of $0.300 USD per share, representing 0.42% of the issued capital.
AD Ports Group has announced the signing of a purchase agreement with Inveco LLC to acquire a 60% stake in the Tbilisi Dry Port, a new rail-connected logistics hub in Georgia. The group will initially invest AED 61 million ($16.5 million) in the project, which is expected to be operational by Q4 2024. The port is a key logistics hub along the Middle Corridor, a trade lane linking Western Asia to Eastern Europe. The project will include facilities such as a container freight station, warehouses, and a car storage park. It will offer significant intermodal logistics capabilities, and will be developed in three phases.