Latest Threads on News from companies

Bank Al Salam has announced a partnership with the Zakat and Charity Fund of the Ministry of Justice, Islamic Affairs, and Endowments in Bahrain. This collaboration aims to unify efforts to support needy groups through transparent and organized mechanisms. The initiative reflects the bank's commitment to social responsibility and its strategy to make a positive impact on individuals and families in Bahrain. The collaboration seeks to channel the bank's charitable contributions to ensure they reach the deserving beneficiaries effectively. This partnership is seen as a model for cooperation between the financial and charitable sectors, enhancing support for those in need and promoting community cohesion. The bank believes in the importance of extending its success to the community, and through this partnership, it aims to address urgent humanitarian and social priorities, such as emergency funding, medical supplies, and educational support for students from low-income families.

Emirates Central Cooling Systems Corporation (Empower), the largest district cooling services provider globally, has announced its strategic sponsorship of the 27th Water, Energy, Technology, and Environment Exhibition (WETEX 2025) in Dubai. The event, held from September 30 to October 2, 2025, at the Dubai World Trade Centre, serves as a major international platform for showcasing innovations in water, energy, and environmental sustainability. Empower aims to present its advancements in district cooling and its efforts in reducing carbon emissions and enhancing energy efficiency, aligning with the UAE's goal of achieving carbon neutrality by 2050. Empower CEO Ahmad Bin Shafar emphasized the company's commitment to supporting the UAE's transition to a sustainable economy and highlighted its role in contributing to Dubai's vision of becoming the most sustainable city in the world.

On June 30, 2025, Amlak Finance PJSC held a General Assembly meeting chaired by Mr. Jamal Hamed Almarri at Kempinski the Boulevard, with a quorum of 61.63% of the total attendance. The meeting resolved two key decisions: First, to approve the transfer of AED 307,392,000 from the legal reserve and AED 99,265,000 from the special reserve as of December 31, 2024, to partially offset accumulated losses, pending approval from relevant authorities. Second, to approve the strategic decision to exit the company's real estate finance portfolio through various means, including the sale of financing contracts to other financial institutions and mutual agreements with customers. The Board of Directors or authorized persons are empowered to approve these transactions and offer necessary discounts and waivers. The meeting concluded with the authorized signatory, Lama Takieddin, Head of Governance and Company Secretary, confirming the results.

Al Salam Bank has formed a strategic partnership with Live Life and Al Rashid Group to offer exclusive discounts of up to 20% for its cardholders in Bahrain. This collaboration allows holders of Al Salam Bank credit, prepaid, and youth cards to receive discounts at various Al Rashid Group outlets, including Home Centre, Home Box, Max, Mothercare, Centrepoint, Lifestyle, Shoemart, and Splash. The initiative reflects Al Salam Bank's commitment to enhancing client experiences by providing added value beyond traditional banking services, aligning with its strategy to form partnerships that complement clients' lifestyles. Key figures from Al Salam Bank, Live Life, and Al Rashid Group expressed their enthusiasm for the partnership, highlighting its potential to enhance lifestyle experiences and offer meaningful benefits. Discounts are subject to terms and conditions, with specific offers available at different outlets. For more details on the offers and participating stores, clients are encouraged to visit Al Salam Bank's website or Instagram account.