Latest Threads

The Board of Directors of Dubai Taxi Company P.J.S.C. will hold a meeting on February 29, 2024, at 3:30 pm at the company's headquarters. The meeting's agenda will include discussions and approvals of the Board of Directors report and audited financial statements for FY 2023, details of the company’s annual general assembly for FY 2023, the Corporate Governance Report for FY 2023, and other internal and routine administrative matters. The notification was signed by the Board Secretary, Vicken Khochafian.

On 26th February 2024, a meeting notification was sent by Aakash Nijhawan, the Group Head of Investor Relations at Dubai Electricity and Water Authority PJSC (DEWA), to Mr. Hamed Ahmed Ali, the CEO of Dubai Financial Market. The Board of Directors of DEWA is scheduled to meet at 9:00am on 7th March 2024. The agenda includes reviewing DEWA's 2023 audited financial statements and annual integrated report, considering the appointment of KPMG as the external auditor for DEWA for the fiscal year ending on 31st December 2024, and determining their fees. Other business matters will also be discussed.

The Board of Directors of Dubai Insurance Company (PSC) has invited shareholders to attend the Annual General Assembly meeting on 20/03/2024 at 13:00 PM. The meeting can be attended in-person at the company's headquarters or remotely via video technology. The agenda includes reviewing and approving the company's financial reports and the auditor's report for the fiscal year ending 31/12/2023, approving the balance sheet and profit and loss account, considering proposals for cash dividend distribution and remuneration for board members, discharging or removing board members and auditors for the fiscal year ending 31/12/2023, appointing auditors for 2024, and electing board members. Special attention will be given to proposed amendments to the company's Articles of Association to comply with current laws and regulations.

The Board of Directors of Al Ansari Financial Services has announced its annual general meeting to be held on March 19, 2024, at the Sheraton Mall of the Emirates Hotel in Dubai. The meeting's agenda includes reviewing and approving the Board of Directors' report, the auditor's report, and the company's financial statements for the fiscal year ending December 31, 2023. They will also consider a recommendation to distribute a cash dividend of AED 300,000,000, representing 400% of the company's paid-up share capital. Other items on the agenda include approving the Board of Directors' remuneration and discussing whether to discharge the board members and the company's external auditors, Deloitte & Touche, from any liability for the fiscal year ended December 31, 2023.

Dubai Insurance Co. has announced the end of the nomination period for membership applications to the Board of Directors for the 2024-2027 term. The nominees, subject to approval from the Central Bank of the UAE, include Mr. Buti Obaid Almulla, Mr. Marwan Abdulla Al Rostamani, Mr. Khalid Abdulwahid Al Rustamani, Mr. Abubakr Abdulla Al Futtaim, and Mr. Abdulla Mohammed Alhuraiz. All nominees are non-executive, non-independent.

The International District Energy Association (IDEA) has honored Emirates Central Cooling Systems Corporation (Empower), the world's largest district cooling services provider, for its contributions to the advancement of district cooling technologies in the Middle East and globally. The recognition was awarded during the 'IDEA Campus Energy 2024' conference in San Francisco. The event celebrated the 20-year partnership between IDEA and Empower, acknowledging their efforts in promoting innovation, sustainability, and efficiency in the district cooling industry. Empower's CEO, Ahmad Bin Shafar, was also recognized for his efforts to strengthen the company's position in the global district cooling industry.

Union Properties PJSC has successfully sold over AED 500 million worth of land, marking a significant milestone for the company. The company has received additional offers on assets worth more than AED 1.2 billion. This achievement is part of Union Properties' strategy to maximize shareholder value and capitalize on opportunities in the real estate market. The company plans further strategic divestments and will retain approximately 10 million sqft of GFA from its current portfolio for self-development, in line with its five-year strategy set in 2023.