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The TECOM Group PJSC Annual Report 2023 discusses the company's efforts in establishing prosperous ecosystems and delivering sustainable growth. The report is aimed at individuals interested in finance and investing, and is shared on a finance platform with social functionality.
On 22nd February 2024, the final list of candidates for the Commercial Bank of Dubai P.S.C. Board membership was announced. The list was approved by the UAE Central Bank and the Board Nomination and Remuneration and Governance Committee. The list includes 19 candidates: Abdulla Mohamed Abdulrahman Al Karam, Abdulla Saif Obaid Al Hathboor, Abdulwahed Mohamed Sharif Asad Al Fahim, Ahmad Abdulla Juma Binbyat, Ahmad Abdulkarim Mohammad Julfar, Ali Fardan Ali Al Fardan, Buti Saeed Mohamed Saeed Al Ghandi, Hamad Omar Abdulla Hamad Al Futtaim, Hadi Mohammad Taher Badri, Humaid Mohammad Obaid Al Qutami, Khalid Abdulwahid Hassan Al Rostamani, Khalid Salim Mousa Mubarak Al Halyan, Shaikha Lubna Bint Khalid Bin Sultan Al Qasimi, Sheikh Maktoum Bin Hasher Bin Maktoum Al Maktoum, Maryam Buti Ali Al Dhafri Almheiri, Mira Omar Abdulla Hamad Al Futtaim, Moza Omar Abdulla Hamad Al Futtaim, Saod Mohamed Ibrahim Hamad Obaidalla, and Sulaiman Hamid Hamad Salem Al Mazroui.
In 2023, the Dubai Electricity and Water Authority (DEWA) received 23 regional and international awards, bringing its total number of awards from 2015 to 2023 to 433. DEWA also set a Guinness World Record for the largest Concentrated Solar Power (CSP) project and the largest thermal energy storage plant, both part of the 4th phase of the Mohammed bin Rashid Al Maktoum Solar Park. Key awards DEWA received in 2023 include the Hydrogen Project of the Year award for its Green Hydrogen Project, and the World Energy Transition Leader 2023 awarded to DEWA's CEO, Saeed Mohammed Al Tayer. DEWA also won the Ministry of Energy and Infrastructure’s ‘Research and Innovation Award’, the Green Apple Environment Awards, and the Equity Capital Markets Deal of the Year 2022 for its successful AED22.32 billion ($6.1 billion) IPO conducted in 2022.
The text is a clarification regarding the approval of proxies to attend the General Meeting. According to clauses 1 and 2 of Article 40 of the Chairman of Authority’s Board of Directors’ Decision no. 3/Chairman of 2020, the general assembly of a company is held at a specified location, and each shareholder has the right to attend and vote equal to their number of shares. Shareholders can delegate someone who is not a board member or company staff to attend on their behalf, but this delegate cannot represent more than 5% of the company's issued capital. The shareholder's signature on the power of attorney must be approved by specific entities, and the proxy must include the contact numbers of the shareholder and a representative of the approving authority.
Resolution No. 303 of 2024 temporarily suspends trading of the shares of Emirates Driving Company. This is due to a board of directors meeting scheduled for 13:30 on 28-Feb-2024, which coincides with the trading session at ADX. As a result, trading in DRIVE shares will be suspended from 09:00 on 28-Feb-2024 until ADX receives the meeting results. All department heads 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 issued on 22/02/2024.
Resolution No. 301 of 2024 announces a temporary suspension of trading for the shares of Emirates Insurance Co. This suspension is due to coincide with a Board of Directors meeting on 28-Feb-2024 at 11:00. The trading will be suspended from 09:00 on the same day until the meeting results are received. The resolution also instructs all department heads at 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 22/02/2024.
Air Arabia Company (Public Joint-Stock Company) is inviting shareholders to its Annual General Assembly Meeting (AGM) to be held both virtually and physically at their head office on Airport Road, next to Sharjah International Airport, at 11:00 am on Friday, 15/03/2024. The agenda includes the approval of the Board of Directors' report on the company's activities and its financial position for the fiscal year ended 31/12/2023, the Auditor’s Report for the same period, and the company's balance sheet and profit & loss account. The board is also proposing a cash dividend distribution of 20% of the share capital, equivalent to 20 fils per share. The meeting will also consider the approval of the directors’ remunerations, discharge the Board of Directors and Auditors from liabilities for the fiscal year ended on 31/12/2023, and appoint external auditors for the fiscal year 2024. Electronic registration, attendance, and voting will be available, with details sent via SMS to shareholders a day prior to the AGM.