Dubai Financial Market PJSC

Nasdaq Dubai has announced the listing of a USD 1 billion Sukuk by the Government of Ras Al Khaimah, issued through its Investment and Development Office. The 10-year Sukuk, with a profit rate of 5.038%, is part of a USD 2 billion issuance program by RAK Capital and aims to support the region's economic growth and infrastructure development. The issuance attracted strong investor interest, with an orderbook surpassing USD 4.4 billion, indicating confidence in Ras Al Khaimah's economic stability. The listing was celebrated by Mr. Mohammed Sultan Al Qadi, Managing Director at the IDO, and Mr. Hamed Ali, CEO of Nasdaq Dubai and DFM. The listing enhances Nasdaq Dubai's position as a leading exchange for public fundraising, with government issuances comprising 62% of its listings. This addition brings the total value of Sukuk listed on Nasdaq Dubai to over USD 92.7 billion, reinforcing its status as a global hub for Islamic finance. The overall value of debt securities on the exchange now totals USD 136.2 billion across 157 issuances.

GFH Financial Group B.S.C. is inviting shareholders to attend its Annual and Extraordinary General Meeting on March 13, 2025, at GFH House, Bahrain Financial Harbour. If the quorum is not met, subsequent meetings are scheduled for March 20 and March 27, 2025. The agenda includes ratifying previous meeting minutes, discussing reports on business activities, financial statements, and corporate governance, approving profit allocations, and authorizing share buybacks and auditor appointments. The Extraordinary General Meeting will address the issuance of financial instruments to improve capital ratios. Shareholders must submit attendance requests and proxies 24 hours before the meeting. Special arrangements are available for individuals with special needs. For inquiries, shareholders can contact the Investor Relations Department.

Dubai Islamic Bank PJSC's Board of Directors invites shareholders to its Annual General Assembly Meeting (AGM) on March 13, 2025, at the Mohammed Bin Rashid Library Building in Dubai, with a second meeting on March 20, 2025, if needed. Shareholders can attend in person or online. The agenda includes reviewing and ratifying reports on the bank's activities, financial position, and auditor reports for the year ending December 31, 2024. It also involves approving cash dividends of 45% of the paid-up capital, Board of Directors' remuneration, and discharging the Board and auditors from liability for 2024. The appointment of the Internal Sharia Supervision Committee and external auditors for 2025 will be confirmed, and representatives for shareholder voting will be appointed. Special resolutions will be considered to authorize the issuance of senior Sukuk up to USD 12.5 billion and Tier 2 Sukuk up to USD 1.0 billion, both non-convertible into shares, subject to regulatory approvals. Shareholders are encouraged to update their contact details with the Dubai Financial Market (DFM) for dividend distribution and can access financial statements and reports on the bank's and DFM's websites. Voting rights are determined by share registration dates, and shareholders can appoint representatives to vote on their behalf.