Press releases, Reports & Disclosures for Dubai Financial Market PJSC

Dubai-based property developer, Binghatti Holding, has listed its debut Sukuk valued at USD 300 million on Nasdaq Dubai. This listing increases the exchange's total value of listed debt issuances to USD 131 billion. The Sukuk issuance, which matures in 2027, is significant in diversifying financing options for the real estate sector and is the first real estate benchmark USD-denominated Sukuk from the Middle East and North Africa (MENA) region in 2024. Fitch Ratings recently awarded Binghatti Holding a B+ credit rating with a positive outlook, indicating the company's financial strength and market confidence. The listing was over-subscribed by two times and competitively priced due to investor demand.

On 7th March 2024, a letter was sent to Dr. Maryam Buti Al Suwaidi, the Chief Executive Officer of the Securities and Commodities Authority in Abu Dhabi, and Mr. Hamed Ahmed Ali, the Chief Executive Officer of the Dubai Financial Market. The subject of the letter was the results of the Dubai Financial Market PJSC board of directors' resolution by circulation. The letter referenced the company's disclosure dated 4th March 2024, informing that the board of directors had passed a resolution related to regular and internal matters. The letter was signed by Ali Al Hashimi, the Chief Financial Officer of Dubai Financial Market (PJSC).

Mashreq Bank P.S.C has invited shareholders to attend its annual general assembly meeting on 7th March 2024, at the bank's headquarters in Dubai or virtually. The agenda includes authorizing the appointment of a meeting secretary and vote collector, reviewing and approving the bank's financial reports for the year ended 31 December 2023, considering the distribution of a cash dividend, approving the remuneration of the Board of Directors, discharging or dismissing board members and auditors, and electing new board members for the term 2024-2027. Shareholders will also note the amount of Zakat for the Islamic Window of the Bank for the year 2023. The bank has also provided guidelines for electronic registration, delegation of representation, and voting rights. The meeting will be recorded and shareholders are entitled to discuss agenda items and ask questions.