Latest Threads
Check out what has been happening in the community
Check out what has been happening in the community
Agthia Group, a leading food and beverage company based in Abu Dhabi, has increased its stake in the Egyptian healthy snacks and coffee company Auf Group from 60% to 70%. The additional 10% was sold by Tanmeya Energy B.V., while the Auf family remains as minority shareholders. Agthia initially acquired a 60% stake in Auf Group in November 2021. The acquisition has allowed Agthia to strengthen its position in the Egyptian snacking market and enhance its regional presence as a consumer packaged goods company. The snacking business vertical, formed through the Auf acquisition, is now Agthia's fastest-growing and most profitable segment.
On February 29, 2024, Abu Dhabi National Takaful Company - PSC - Takaful held a board meeting. The agenda included the approval of minutes from the previous meeting, discussion and approval of the company's financial statements for the year ended December 31, 2023, and the proposal of dividends to be distributed to shareholders for the year 2023. The board also discussed and approved the company’s Annual General Assembly meeting agenda and its date, along with other general corporate matters that do not affect the share price. The meeting was authorized by CEO Osama Abdeen.
The Abu Dhabi Securities Exchange has received nominations for the board membership of the National Marine Dredging Company PJSC. The candidates include H.E Mohamed Thani Murshed Alrumaithi, Abdul Ghaffar A. A. Al Khoori, Mohamed Al Hammadi, Eng/ Hamad Salem Mohamed Al Ameri, Yaser Saeed Al Mazrouei, Ahmad Amer Omar Omar, and Dr. Aesha Ali Hashem. The Nomination and Remuneration Committee of the Company’s Board of Directors has endorsed these applications. The details of the candidates will be published on the Company’s website. There are seven board seats available.
The Board of Directors of Emsteel Building Materials PJSC will hold its second meeting for the year 2024 at 03:00 pm on Tuesday, 5th March 2024. The agenda will include the approval of the audited financial statement for the year ended on 31 December 2023, a proposal regarding the Board of Directors’ remuneration for the same period, the appointment of the External Auditor for the year ending on 31 December 2024, determining the date and agenda for the Annual General Assembly Meeting, and any other business.