Press releases, Reports & Disclosures for Dubai Financial Market PJSC

The Board of Directors of Ajman Bank (PJSC) has invited shareholders to the Annual General Meeting, to be held at the Bank's HQ in Ajman at 10:00 AM on 17/4/2024. Shareholders can attend in person or remotely. The agenda includes reviewing and approving various reports related to the fiscal year ending on 31/12/2023, such as the Board of Directors' report, the auditor's report, and the internal Sharia board of supervision report. Other items include a proposal not to distribute dividends, discharging the Board of Directors and External Auditors, appointing new members to the internal Sharia board and External Auditors, and electing Board members. Shareholders wishing to participate remotely must register their attendance one working day prior to the AGM. Shareholders can delegate someone else to attend, subject to certain conditions. The meeting will be postponed to 24/4/2024 if a quorum of 50% is not reached.

The Dubai Financial Market (DFM) has announced new margin parameters for various underlying assets, effective from 15-Apr-2024. The base margins range from 5% to 16%, with the base margin per contract varying between AED 2 and AED 2119, or USD 786 for OMOIL. The spread margin per contract ranges from 1 to 424. The methodology for margin calculation and types of eligible margin are detailed in the Derivatives Clearing Guidelines and Procedures on the Dubai Clear website. This announcement is available on the DFM website. The information is subject to change and should not replace the relevant DFM Regulated Derivative Contract Trading Regulation.