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Dana Gas PJSC has scheduled a board meeting for 13th March 2024. The meeting will discuss the company's operations in Egypt, the United Arab Emirates, and the Kurdistan Region of Iraq, as well as the Directors' Report and auditor's report for 2023. The Financial Statements for 2023 and a proposal not to distribute dividends for the same year will also be discussed. Other topics include the 2023 Reserves Report, a proposed amendment to the Articles of Association, and an invitation to the Annual General Meeting of Shareholders in April 2024. The meeting will be authorized by Omran Al Zamani, the Board Secretary.
The National Bank of Fujairah PJSC held a General Assembly Meeting on 7 March 2024, from 12 noon to 12:25 pm at the Novotel Hotel in Fujairah, United Arab Emirates. The meeting was also accessible remotely via the Webex platform. The attendees included the Chairman, His Highness Sheikh Saleh Bin Mohamed Bin Hamad Al Sharqi, Deputy Chairperson Dr. Raja Easa Saleh Al Gurg, and members Sheikh Hamad Bin Saleh Bin Mohamed Al Sharqi, Mr. Hussain Mirza Al Sayegh, Mr. Saif Sultan Al Salami, Mr. Mohamed Obaid Bin Majed Al Aleeli, Mr. Ahmed Saeed Al Raqbani, and Mr. Khalil Ebraheim Hassan Ahmed. Member Mr. Abdulla Fareed Al Gurg did not attend the meeting.
The Board of Directors of Unikai Foods PJSC is inviting shareholders to attend the Annual General Assembly Meeting, to be held both virtually and physically at the company's premises in Dubai on Tuesday 2nd April 2024. The meeting will review and approve the company's activities and financial position for the year ending 31/12/2023, the company's auditor's report, and the financial statements. The proposal to distribute 20% bonus shares as dividends for the fiscal year 2023 will be considered. The remuneration of the Board of Directors, amounting to AED 1,400,000, will be reviewed and approved. The meeting will also consider discharging the Board and auditors of liabilities for 2023, or filing liability claims against them. The appointment of auditors for 2024 and their fees will be approved. The appointment of Dr. Hashem Salem AlDash as a board member, replacing Mr. Osama Seddiqi, will be ratified. An update on the sale process of shareholder's stake in the company will be provided. The estimated transactions with related parties for 2024 will also be reviewed and approved.
On March 6, 2024, a Board of Directors meeting of the Commercial Bank of Dubai P.S.C. was held. During the meeting, H.E Ahmad Abdulkarim Mohammad Julfar was elected as the Chairman of the Board of Directors, and H.E Ahmad Abdulla Juma Binbyat was elected as the Deputy Chairman. The decision to nominate the Chairmen and Members of the Board of Directors Committees was postponed.
The text discusses proposed amendments to the basic system of the Arab Scandinavian Insurance Company - Takaful - (Askan for Insurance).
Dubai-based property developer, Binghatti Holding, has listed its debut Sukuk valued at USD 300 million on Nasdaq Dubai. This listing increases the exchange's total value of listed debt issuances to USD 131 billion. The Sukuk issuance, which matures in 2027, is significant in diversifying financing options for the real estate sector and is the first real estate benchmark USD-denominated Sukuk from the Middle East and North Africa (MENA) region in 2024. Fitch Ratings recently awarded Binghatti Holding a B+ credit rating with a positive outlook, indicating the company's financial strength and market confidence. The listing was over-subscribed by two times and competitively priced due to investor demand.
On 7th March 2024, a letter was sent to Dr. Maryam Buti Al Suwaidi, the Chief Executive Officer of the Securities and Commodities Authority in Abu Dhabi, and Mr. Hamed Ahmed Ali, the Chief Executive Officer of the Dubai Financial Market. The subject of the letter was the results of the Dubai Financial Market PJSC board of directors' resolution by circulation. The letter referenced the company's disclosure dated 4th March 2024, informing that the board of directors had passed a resolution related to regular and internal matters. The letter was signed by Ali Al Hashimi, the Chief Financial Officer of Dubai Financial Market (PJSC).