Latest Threads on News from companies

GFH Financial Group B.S.C. announced that it has purchased 3,991,668 treasury shares, increasing its total treasury shares from 285,296,817 (7.444% of the total issued shares) to 289,288,485 (7.548% of the total issued shares) as of December 23, 2025. The decision to purchase these shares was made in a board meeting on March 2, 2025, and received approval from the relevant authority on October 20, 2025. The average purchase price of the shares was 0.619, and the shares purchased represent 0.104% of the issued capital. There are 93,970,898 shares remaining for purchase. The announcement was made by Mariam Jowhary, Head of Compliance & AML.

Dubai Insurance Company held a Board of Directors meeting on December 23, 2025, at 11:00 am at the company's head office. The agenda included ratifying the minutes of the previous meeting and reviewing ordinary business matters. The communication was addressed to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, and was signed by Sahem Abdel Haq, Head of Legal.

Dubai is advancing its urban planning with a focus on sustainability and smart infrastructure, particularly through the use of district cooling systems. These systems are crucial for the city's vertical expansion, as they efficiently support the development of ultra-high-rise towers while aligning with Dubai's low-carbon economy goals. H.E. Ahmad Bin Shafar, CEO of Empower, highlights the importance of district cooling in Dubai's urban and economic growth, noting that nine of the ten tallest skyscrapers under construction in Dubai will use these systems. This reflects a trend among developers to prioritize sustainable infrastructure solutions, especially given the UAE's climate. Bin Shafar emphasizes that district cooling is essential for achieving energy efficiency and resource sustainability in Dubai's urban development.

The Islamic Arab Insurance Company (SALAMA) is scheduled to hold a Board of Directors meeting on December 25, 2025, at 4:00 PM. The agenda includes considering and ratifying the company's budget for 2026, as well as discussing regular matters and any other business. The notice is signed by Ahmad Abdelrahim, Senior Manager of Legal & Compliance.