Latest Threads on News from companies

GFH Financial Group B.S.C. has announced a Board of Directors meeting scheduled for Thursday, November 13, 2025, at 2 p.m. Bahrain time. The meeting will address the financial results for the third quarter of 2025 and other internal matters. The announcement was made by Mariam Jowhary, Head of Compliance and AML, and includes the company seal and a Docusign Envelope ID.

H.E. Ahmad Bin Shafar, CEO of Emirates Central Cooling Systems Corporation (Empower), met with Fares Jadue, Mayor of Recoleta, Chile, during the International District Energy Conference for Latin America and the Caribbean in Santiago. They discussed developments in the district cooling sector and emphasized its importance for sustainable development and reducing carbon emissions. Bin Shafar expressed Empower's commitment to sharing expertise and supporting the development of a district cooling system in Recoleta. The meeting aimed to strengthen cooperation and exchange knowledge in sustainable energy solutions. Bin Shafar also presented the Mayor with a book by Sheikh Mohammed bin Rashid Al Maktoum, reflecting the UAE's approach to innovation and leadership.

Emirates Integrated Telecommunications Company PJSC, known as "du," announced the successful completion of a secondary public offering of its shares, listed on the Dubai Financial Market. The offering, launched on September 8, involved 342,084,084 shares, representing 7.55% of du's share capital. These shares were offered by Mamoura Diversified Global Holding PJSC, a subsidiary of Mubadala Investment Company, and accounted for 75% of Mamoura's stake in du. The final offer price was AED 9.20 per share, generating approximately AED 3.15 billion in gross proceeds for Mamoura. The offering consisted of two tranches: a UAE retail offer, which made up 5% of the total shares, and a global offering to qualified institutional investors, representing 95% of the shares.

On 12 September 2025, a board meeting of Takaful Emarat Insurance PSC was held by circulation at 3:00 PM, with five board members present, achieving a quorum of 71%. During the meeting, the board approved the appointment of Mr. Adnan Sabaalaish as Chief Executive Officer and Mr. Abdulrahman Marwan Ahmad Majid Alghurair to a vacant board member position, pending ratification at the next General Assembly meeting. The meeting's results were authorized by Salman Qureshi, the Senior Compliance Manager.