Press releases, Reports & Disclosures for Fujairah Cement Industries

The Fujairah Cement Industries Office in Kuwait will permanently cease its operations from 31/01/2024. All stock management operations will be handled by the Investor Relations Department at their current location in Dibba Al-Fujairah starting from 01/02/2024. For any queries related to the Investor Relations Department, contact Ashraf Elsayed, the Investor Relations Manager.

On 12/01/2024, the General Manager of Abu Dhabi Securities Exchange, Saeed Ahmed Ghareib Alseridi, announced the resignation of Dy General Manager (Ready Mix), Mr. Khaleil Saeed Obaid Al Nuaimi. The resignation has been accepted.

Resolution No. (259) of 2024 announces the temporary suspension of trading on the shares of Fujairah Cement Industries. The suspension is due to a board of directors meeting scheduled for 11:00 on 9th January 2024, which coincides with the trading session at ADX. Trading in FCI shares will be suspended from 09:30 on 9th January 2024 until ADX receives the meeting results. All heads of departments in ADX are to execute this resolution in their respective fields. This resolution will be circulated to SCA, the concerned company, all departments at ADX, and all brokers accredited by ADX. The resolution was issued on 4th January 2024.

The Abu Dhabi Securities Exchange has announced a temporary suspension of cement and clinker sales for Fujairah Cement Industries (PJSC) for a period of 45 to 60 days, starting from 01/01/2024. This suspension is due to a major refurbishment activity. The company anticipates a revenue loss during this period, which will impact the financial position and results of the company's business and operations. The financial impact will be visible in Q1 of 2024. The announcement was made by the company's Chairman, Mohamed Bin Hamad Bin Saif Al Sharqi.

The Investor Relations Department of Abu Dhabi Securities Exchange will be relocating from their head office in Fujairah to a factory facility in Dibba-Fujairah, effective from 27/11/2023. For any queries related to the department, contact Ashraf Elsayed, the Investor Relations Manager, at the provided mobile number and email addresses. The notice is signed by the Chairman, Mohamed Bin Hamad Bin Saif Alsharqi.