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BHM Capital Financial Services PSC has postponed its General Assembly Meeting due to the failure to meet the quorum. This was mainly because of the incomplete necessary legal documents of the main investor's representative for registration and attendance. The second General Assembly Meeting has been rescheduled for March 11, 2024, at the same time and location as previously planned.
Salik, Dubai's exclusive toll gate operator, reported record full-year revenues of AED 2.1bn ($572m) in 2023, an increase of 11.4% from 2022. The company's revenue-generating trips reached 461.4 million in 2023, and totalled 123.2 million in the fourth quarter, up 11.7% and 11.1% year-on-year respectively. Active registered accounts and vehicles increased by 16.0% and 8.3% to reach 2.4 million and 4.0 million respectively. The company's net profit for FY 2023 was AED 1.1bn ($299m), with a proposed dividend of AED 550m ($150m). Salik also announced a new corporate strategy to become a global leader in sustainable and smart mobility solutions over the next five years.
Resolution No. (311) of 2024 temporarily suspends trading on the shares of Oman & Emirates Investment Holding Co. The suspension is due to a Board of Directors Meeting scheduled for 12:00 on 7-Mar-2024, which coincides with the trading session at ADX. The trading of OEIHC shares will be suspended from 09:00 on 7-Mar-2024 until ADX receives the meeting results. All heads of departments in ADX are required to execute 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 was approved by the authorised person and issued on 04/03/2024.
Resolution No. 310 of 2024 has temporarily suspended trading of shares for Emirates Driving Company on the ADX. This suspension is due to the company's AGM being held at the same time as the trading session on 27-Mar-2024. Trading will resume once the AGM results are received by the ADX. All department heads at ADX are required to implement this resolution. The resolution will be circulated to the SCA, the concerned company, all ADX departments, and all brokers accredited by ADX. The resolution was approved by the authorised person and issued on 04/03/2024.