Latest Threads on News from companies

Dubai Taxi Company held its Annual General Meeting on April 7, 2026, at the Intercontinental Hotel in Dubai Festival City, with an option for electronic participation. The meeting achieved a legal quorum, and the following resolutions were approved by a majority of votes: 1. Appointment of Mr. Vicken Khochafian as the Secretary for the Meeting and LUMI as the Vote Collector. 2. Approval of the Board of Directors' Report on the company's activities and financial position for the fiscal year ending December 31, 2025. 3. Approval of the independent external auditor’s report for the fiscal year ending December 31, 2025. 4. Approval of the company's balance sheet and profit and loss account for the fiscal year ending December 31, 2025. 5. Approval of the Board of Directors’ proposal to distribute cash dividends for the second half of the fiscal year ending December 31, 2025, amounting to AED 141,990,888 (5.68 Fils per share), representing 85% of the net profit for the period. The total cash dividends declared for the fiscal year 2025 amount to AED 302,660,217, representing 12.11% of the company's share capital. The Board of Directors was authorized to distribute semi-annual dividends for the first half of 2025.

The company "Cooperative Union" held its general assembly meeting on Tuesday, April 7, 2026, from 4:00 PM to 6:00 PM, both in-person at the Dubai Chamber of Commerce and remotely. The meeting was chaired by Majid Hamad Al Shamsi. The attendance quorum was 0.28% of the capital. Key decisions made during the meeting included: 1. Approval of the minutes from the previous general assembly meeting for the financial year ending December 31, 2024. 2. Approval of the board of directors' report on the association's activities for the financial year ending December 31, 2025. 3. Approval of the auditor's report for the financial year ending December 31, 2025. 4. Approval of the association's financial statements and profit and loss account for the financial year ending December 31, 2025. 5. Allocation of AED 6,141,932 for social responsibility and distribution of AED 286,443,478 to shareholders from net profits as follows: - AED 36,813,662 (5%) as a return on members' purchases, distributed in cash. - AED 244,379,817 (14%) as a cash return on existing capital. - AED 5,250,000 as board members' remuneration, representing 1.78% of distributable net profit. 6. Approval of the discharge of board members from liability for the financial year ending December 31, 2025. The disclosure of the general assembly meeting results is dated April 7, 2026, with reference number BoD-2026-05-DP.

Mashreqbank PSC, headquartered in Dubai, UAE, has announced a Board of Directors meeting scheduled for Monday, April 13, 2026, at 10:00 am. The agenda includes approving the minutes from the previous meeting on February 2, 2026, discussing normal business activities, and addressing any other business matters. The notification is issued by Shaima Al Obeidli, Head of Corporate Governance & Group Company Secretary, with a copy sent to the Securities & Commodities Authority.

The Dubai Financial Market (DFM) announced an adjustment to its Equity Futures Contracts for Emirates Integrated Telecommunications Company PJSC due to a cash dividend of AED 40 fils per share. Effective April 8, 2026, the adjustment impacts three futures contracts: DUJ26, DUK26, and DUM26, with respective adjustment ratios of 0.961089. This adjustment will alter the settlement prices for these contracts. The adjusted prices will be used for trading on April 8, 2026. Further details can be found on the DFM website. The information is subject to change and should be cross-referenced with the DFM Regulated Derivative Contract Trading Regulation.

The Board of Directors of Takaful Emarat Insurance PSC invites shareholders to the annual general assembly meeting on Thursday, April 30, 2026, at 11 am, both physically at Nassem Hotel, Al Jumeirah, and remotely. The agenda includes reviewing and approving the Board's report on the company's activities and financial position for 2025, the auditor's report, the consolidated financial statements, and the Internal Shariah Supervisory Committee report. Shareholders will also consider the Board's recommendation not to distribute dividends for 2025, approve the Board's remuneration, and discharge the Board members from liability for 2025.

Union Properties PJSC held its Annual General Meeting (AGM) on April 7, 2026, achieving its first quorum in six years with 68% shareholder attendance, indicating renewed investor confidence. The AGM approved a cash dividend of AED 3 fils per share, marking the first dividend payout in 11 years, highlighting the company's financial recovery and capacity for consistent shareholder returns. Additionally, a new Board of Directors was elected for a three-year term, including Shaikh Nasser Rashid Almoalla, Mohamed Fardan Al Fardan, Amer Abdulaziz Khansaheb, and Ahmed Salem Alhosani.

On 7 April 2026, a communication was sent to Mr. Hamed Ahmed Ali, the CEO of Dubai Financial Market, from Amlak Finance PJSC. The letter informs him that the Board of Directors of Amlak Finance PJSC passed a resolution by circulation on the same day at 9:00 AM. The resolution pertains to routine internal matters. The letter is signed by Lama Takieddin, Head of Corporate Governance and Board Secretary, and a copy was also sent to the Capital Market Authority.