Al Majed for Oud Announces the Board of Directors Resolution to Approve the Establishment of a Branch in Abu Dhabi Global Market. | premargin

Al Majed for Oud Announces the Board of Directors Resolution to Approve the Establishment of a Branch in Abu Dhabi Global Market.

TadawulOctober 27, 2025View on exchange

Element List	Explanation
Announcement Detail	Al Majed for Oud Company announces that its Board of Directors has issued a resolution dated October 26, 2025, based on the report submitted by the Chief Executive Officer regarding the inclusion of the area in which several of the companys branches operate in the United Arab Emirates under the jurisdiction of the Abu Dhabi Global Market (ADGM). In line with the company’s commitment to ensuring business continuity and strengthening its regional presence in accordance with its strategic objectives, the Board has resolved to take the necessary actions to align the status of the company’s existing branches with the laws and regulatory requirements of the Abu Dhabi Global Market. The company affirms that this measure reflects its adherence to applicable regulations and its commitment to enhancing operational efficiency across regional markets.

Element List

Explanation

Announcement Detail

Al Majed for Oud Company announces that its Board of Directors has issued a resolution dated October 26, 2025, based on the report submitted by the Chief Executive Officer regarding the inclusion of the area in which several of the companys branches operate in the United Arab Emirates under the jurisdiction of the Abu Dhabi Global Market (ADGM).

In line with the company’s commitment to ensuring business continuity and strengthening its regional presence in accordance with its strategic objectives, the Board has resolved to take the necessary actions to align the status of the company’s existing branches with the laws and regulatory requirements of the Abu Dhabi Global Market.

The company affirms that this measure reflects its adherence to applicable regulations and its commitment to enhancing operational efficiency across regional markets.