Abu Dhabi National Investment and Development (ADID) has announced that its Board of Directors has approved changes to the legal structures of two businesses associated with BILDCO, alongside plans to convene a General Assembly meeting in November 2026.
The Abu Dhabi Securities Exchange-listed company confirmed the decisions following its 14th Board meeting of 2026, held on Friday, October 16, at 4:00 PM.
According to the official disclosure submitted to the Abu Dhabi Securities Exchange, the Board approved changing the legal form of Bildco Aerated Concrete Products LLC, a company owned by ADID.
The Board also approved a change to the legal form of Abu Dhabi National Company for Building Materials – BILDCO’s Dubai branch.
The company authorised the necessary procedures to implement both changes, although the disclosure did not specify the new legal structures or provide details of any financial implications.
In addition, the Board approved plans to convene a General Assembly meeting on November 13, 2026, at 3:00 PM.
The proposed meeting remains subject to approval from the Capital Market Authority, with the company required to complete the necessary invitation and disclosure procedures in accordance with applicable regulations.
The Board also approved the minutes of its previous meeting and discussed other matters relating to the company’s ordinary business activities.
The decisions represent proposed legal and corporate restructuring measures involving BILDCO-related operations, with further details potentially becoming available as the implementation process progresses.
Source: Abu Dhabi National Investment and Development (ADID)
Disclaimer: This article is for informational purposes only and should not be construed as investment, financial, or legal advice.
