Latest news with #548
Gulf Today
23-05-2025
- Business
- Gulf Today
Pension payments for May to be disbursed Tuesday: GPSSA
The General Pension and Social Security Authority (GPSSA) announced that a total of Dhs831,363,259.82 worth of pension payments will be disbursed on Tuesday 27th May 2025, an increase of Dhs52,814,510 from May 2024, when pension payments totalled Dhs778,548,749.06. The payments will benefit a total of 49,910 pensioners and beneficiaries, an increase of 1,760 from the 48,150 who received disbursements in May 2024. Pension payments are disbursed to civilians subject to the laws implemented by the GPSSA as well as to eligible pensioners and beneficiaries whose files are managed by the GPSSA on behalf of the Ministry of Finance and in accordance with the pension laws by which they are subject to. WAM
Associated Press
27-04-2025
- Sport
- Associated Press
Mariners and Marlins square off in series rubber match
Miami Marlins (12-14, fourth in the NL East) vs. Seattle Mariners (15-12, first in the AL West) Seattle; Sunday, 4:10 p.m. EDT PITCHING PROBABLES: Marlins: Max Meyer (2-2, 2.10 ERA, 1.07 WHIP, 41 strikeouts); Mariners: Logan Evans (0-0) BETMGM SPORTSBOOK LINE: Mariners -151, Marlins +127; over/under is 7 1/2 runs BOTTOM LINE: Both the Seattle Mariners and the Miami Marlins are looking for a series win with a victory on Sunday. Seattle is 15-12 overall and 9-6 in home games. The Mariners have a 5-3 record in games decided by one run. Miami is 12-14 overall and 4-6 on the road. Marlins hitters have a collective .383 slugging percentage to rank ninth in the NL. Sunday's game is the third time these teams square off this season. TOP PERFORMERS: Cal Raleigh leads the Mariners with nine home runs while slugging .548. John Paul Crawford is 14-for-37 with a double, a home run and nine RBI over the past 10 games. Otto Lopez has five doubles and two home runs while hitting .213 for the Marlins. Eric Wagaman is 11-for-38 with four doubles and two home runs over the last 10 games. LAST 10 GAMES: Mariners: 7-3, .277 batting average, 3.52 ERA, outscored opponents by 22 runs Marlins: 4-6, .259 batting average, 6.55 ERA, outscored by 19 runs INJURIES: Mariners: Logan Gilbert: 15-Day IL (forearm), Gregory Santos: 15-Day IL (knee), Victor Robles: 60-Day IL (shoulder), Ryan Bliss: 60-Day IL (biceps), George Kirby: 15-Day IL (shoulder), Matt Brash: 15-Day IL (ucl), Jackson Kowar: 60-Day IL (elbow) Marlins: Robert Jacob Brantly: 10-Day IL (lat), Griffin Conine: 60-Day IL (arm), Derek Hill: 10-Day IL (hand), Nick Fortes: 10-Day IL (oblique), Declan Cronin: 15-Day IL (hip), Ryan Weathers: 15-Day IL (forearm), Andrew Nardi: 60-Day IL (back), Braxton Garrett: 60-Day IL (elbow), Eury Perez: 60-Day IL (elbow) ___ The Associated Press created this story using technology provided by Data Skrive and data from Sportradar.
Yahoo
27-04-2025
- Sport
- Yahoo
Mariners and Marlins square off in series rubber match
Miami Marlins (12-14, fourth in the NL East) vs. Seattle Mariners (15-12, first in the AL West) Seattle; Sunday, 4:10 p.m. EDT PITCHING PROBABLES: Marlins: Max Meyer (2-2, 2.10 ERA, 1.07 WHIP, 41 strikeouts); Mariners: Logan Evans (0-0) Advertisement BETMGM SPORTSBOOK LINE: Mariners -151, Marlins +127; over/under is 7 1/2 runs BOTTOM LINE: Both the Seattle Mariners and the Miami Marlins are looking for a series win with a victory on Sunday. Seattle is 15-12 overall and 9-6 in home games. The Mariners have a 5-3 record in games decided by one run. Miami is 12-14 overall and 4-6 on the road. Marlins hitters have a collective .383 slugging percentage to rank ninth in the NL. Sunday's game is the third time these teams square off this season. TOP PERFORMERS: Cal Raleigh leads the Mariners with nine home runs while slugging .548. John Paul Crawford is 14-for-37 with a double, a home run and nine RBI over the past 10 games. Advertisement Otto Lopez has five doubles and two home runs while hitting .213 for the Marlins. Eric Wagaman is 11-for-38 with four doubles and two home runs over the last 10 games. LAST 10 GAMES: Mariners: 7-3, .277 batting average, 3.52 ERA, outscored opponents by 22 runs Marlins: 4-6, .259 batting average, 6.55 ERA, outscored by 19 runs INJURIES: Mariners: Logan Gilbert: 15-Day IL (forearm), Gregory Santos: 15-Day IL (knee), Victor Robles: 60-Day IL (shoulder), Ryan Bliss: 60-Day IL (biceps), George Kirby: 15-Day IL (shoulder), Matt Brash: 15-Day IL (ucl), Jackson Kowar: 60-Day IL (elbow) Marlins: Robert Jacob Brantly: 10-Day IL (lat), Griffin Conine: 60-Day IL (arm), Derek Hill: 10-Day IL (hand), Nick Fortes: 10-Day IL (oblique), Declan Cronin: 15-Day IL (hip), Ryan Weathers: 15-Day IL (forearm), Andrew Nardi: 60-Day IL (back), Braxton Garrett: 60-Day IL (elbow), Eury Perez: 60-Day IL (elbow) ___ The Associated Press created this story using technology provided by Data Skrive and data from Sportradar.
Al Etihad
11-04-2025
- Business
- Al Etihad
TC MENA increases offer price in bid to acquire 100% of Gulf Cement
11 Apr 2025 22:15 REDDY (ABU DHABI)TC MENA Holdings (TCM), which has launched a bid to acquire a 100% stake in Gulf Cement Company (GCC), a publicly listed entity on the Abu Dhabi Securities Exchange (ADX), has amended its offer a stock market disclosure, GCC said TC MENA Holdings has increased the offer price from Dh0.56 per share to Dh0.75 per share. The last date for shareholders to avail of the offer has also been extended from April 10 to April 24.'The company shareholders who have tendered their shares before April 10 will also be entitled to receive Dh0.75 per share,' the disclosure TCM holds a 37.58% stake in GCC. In its bid for full ownership, the company has extended a mandatory cash offer to purchase all remaining shares at the newly revised price of Dh0.75 per share.'The revised offer price represents a substantial premium over both the initial offer and the prevailing market price, and is intended to serve as a compelling proposition to all shareholders,' the statement said.'The increased offer price underscores our confidence in the long-term value of GCC and our desire to establish a positive engagement with its shareholder base from the outset,' TCM shares closed at Dh0.71 on Friday, valuing the company at approximately Dh293 million at that success of the acquisition depends on TCM securing a minimum ownership of 50% plus one share, when combined with its existing shareholding, through voluntary acceptance by Cement Company, established on May 31, 1977, is a major cement manufacturer in the region. It was founded through a decree issued by the Ruler of Ras Al Khaimah. The company operates from a strategically located production facility near Saqr Port in RAK, facilitating efficient distribution to markets across the Middle East, Asia, and Africa. GCC's product portfolio includes essential construction materials such as sulphate-resistant cement and ordinary Portland Cement became publicly listed on the ADX on February 26, 2002. The company currently has an issued and paid-up share capital of Dh410,548,410, divided into an equal number of ordinary shares with a nominal value of Dh1.00 MENA Holdings is a private company incorporated in the Abu Dhabi Global Market (ADGM). Its ownership structure comprises a 90% stake held by Buzzi S.p.A, a publicly listed Italian company, and 10% held by Diarkis Holdings Ltd, which is wholly owned by Jose Bernardo Sena Peralta. Upon successful completion of the transaction, TCM has stated its intention to retain Gulf Cement Company's commercial registration and trade name.
Al Etihad
13-03-2025
- Business
- Al Etihad
TC MENA Holdings launches bid to acquire full ownership of Gulf Cement Company
13 Mar 2025 13:56 A. SREENIVASA REDDY (ABU DHABI)TC MENA Holdings, an ADGM-based entity, has officially declared its intention to acquire 100% stake in Gulf Cement Company (GCC), a publicly listed entity on the Abu Dhabi Securities Exchange (ADX). The announcement was made on Thursday in a stock market disclosure, prompting a suspension of trading in GCC TC MENA Holdings holds a 37.58% stake in GCC. In its bid for complete ownership, the company has extended a mandatory cash offer to purchase all remaining shares at Dh0.56 per share. This offer price represents a premium over the recent market valuation and has been set in accordance with Article 6 of the UAE Securities and Commodities Authority (SCA) Chairman Resolution No. (18/RM) of 2017, which governs mergers and acquisitions of public joint stock companies, the stock market statement said. The success of the acquisition hinges on TC MENA securing a minimum ownership of 50% plus one share, when combined with its existing shareholding, through voluntary acceptance. The offer period is scheduled to commence on March 14, 2025, and will remain open until April 10, Cement Company, established on May 31, 1977, is a major cement manufacturer in the region. It was founded through a decree issued by the Ruler of Ras Al Khaimah. The company operates from its strategically located production facility near Saqr Port in RAK, enabling efficient distribution to markets across the Middle East, Asia, and Africa. Gulf Cement's product line includes essential construction materials such as sulphate-resistant cement and ordinary Portland Cement Company became publicly listed on the ADX on February 26, 2002. It currently has an issued and paid-up share capital of Dh410,548,410, divided into 410,548,410 ordinary shares, each with a nominal value of total value of the acquisition offer is estimated at Dh143,546,359.04. The transaction will be fully financed through TC MENA Holdings' available financial resources, the documents submitted to the ADX said. TC MENA Holdings is a private company incorporated in the ADGM. Its ownership structure consists of a 90% stake held by Buzzi S.p.A, a publicly listed Italian company, and a 10% stake held by Diarkis Holdings Ltd, which is fully owned by Jose Bernardo Sena successful completion of the transaction, TC MENA Holdings has stated that it intends to maintain Gulf Cement Company's commercial registration and trade name. Shareholders who wish to participate must submit completed acceptance and transfer forms by the deadline. Emirates NBD Bank PJSC has been appointed as the receiving agent, and Emirates NBD Capital PSC is serving as the financial advisor and lead manager for the transaction. Following the close of the offer, results regarding acceptance levels will be announced on April 11, 2025. If the necessary conditions are met, the transaction is expected to be finalised and declared unconditional by April 21, 2025, with payments to accepting shareholders being settled around April 24, 2025.
