Latest Threads on News from companies

GFH Financial Group B.S.C. announced the purchase of 9,949,528 treasury shares, increasing its total treasury shares from 312,419,756 (8.152% of total issued shares) to 322,369,284 (8.411% of total issued shares) as of December 30, 2025. The decision to purchase was made by the board of directors on March 2, 2025, and received approval from the relevant authority on October 20, 2025. The average purchase price was 0.616, and the purchased shares represent 0.260% of the issued capital. There are 60,890,099 shares remaining for purchase. The announcement was made by Mariam Jowhary, Head of Compliance & AML.

The Islamic Arab Insurance Company (PJSC) held a General Assembly Meeting on October 16, 2025, where shareholders approved a capital reduction of AED 456,567,815. This reduction will be accomplished by eliminating accumulated losses of AED 443,861,155 through the cancellation of 439,737,326 shares on a pro-rata basis and utilizing AED 4,123,829 from the statutory reserve to cover the remaining losses.

SHUAA Capital p.s.c., a financial investment company based in Dubai, is licensed and regulated by the U.A.E. Securities and Commodities Authority. The company announced that the Dubai Court of Appeal has upheld a previous ruling by the Dubai Court of First Instance, dismissing a lawsuit filed by a former executive board member seeking approximately AED 22 million in employment-related claims. The court found the claims to lack any factual or legal basis. SHUAA Capital expressed gratitude for the trust and support of its shareholders and reaffirmed its commitment to protecting the company's rights and shareholder interests through appropriate legal measures.

Al Salam Bank has been named "Bank of the Year: Bahrain 2025" by The Banker magazine, a prestigious financial sector award. This recognition follows a thorough evaluation of over 1,000 financial institutions worldwide, highlighting the bank's significant achievements and competitiveness. In 2025, Al Salam Bank reported a 37.5% increase in net profit and nearly tripled its total assets over four years, reaching USD 21.51 billion. The bank's success is attributed to disciplined execution, growth in core operations, and a diversified business model. Group CEO Rafik Nayed emphasized the bank's commitment to sustainable growth and innovation. Al Salam Bank also received multiple awards for its performance in Islamic banking and customer-centric services, and Nayed was recognized among the top CEOs in the Middle East.

On 29 December 2025, the Board of Directors of Gulf Navigation Holding PJSC held a meeting. During this meeting, they approved regular matters and addressed any other business related to the company. The communication was addressed to H.E. Hamed Ahmed Ali, CEO of Dubai Financial Market, and H.E. Waleed Saeed Al Awadhi, CEO of the Securities and Commodities Authority. The letter was signed by Alvaro Benevides, the Board Secretary of Gulf Navigation Holding PJSC.