Latest Threads on News from companies

GFH Financial Group B.S.C. announced that it has purchased 3,100,000 treasury shares, increasing its total treasury shares from 246,229,315 (6.425% of total issued shares) to 249,329,315 (6.505% of total issued shares) as of November 25, 2025. The decision to purchase these shares was made by the company's board of directors on March 2, 2025, and approved by the relevant authority on October 20, 2025. The average purchase price was USD 0.583 per share. There are 133,930,068 shares remaining available for purchase. The announcement was made by Mariam Jowhary, Head of Compliance and AML.

ONE App, developed by Al Salam Bank, received the "Best Project for Digital Transformation" award at the 2025 eGovernment Excellence Awards in Bahrain. The app has been recognized for its role in advancing digital transformation in Bahrain's financial sector. Since its launch, ONE App has established itself as a comprehensive digital banking platform, integrating banking services, financial planning, investments, and lifestyle features into one interface. It uses artificial intelligence and cloud computing, along with over 400 APIs and open banking technologies, to provide a personalized financial experience. Within five months of its release, the app achieved over 50,000 downloads and processed more than 100,000 digital financing applications. Haitham Al Haddad, General Manager of ONE App, highlighted the app's role in redefining financial services and expressed pride in the award, attributing it to the team's efforts. The award also highlights Al Salam Bank's leadership in financial innovation and its commitment to sustainable digital transformation.

On November 24, 2025, the Board of Directors of the Islamic Arab Insurance Company (SALAMA) passed resolutions by circulation, pending regulatory approvals from the UAE Central Bank and the Securities & Commodities Authority. The resolutions include approving documents related to the company's capital reduction and initially approving draft documents for a Mandatory Convertible Sukuk transaction, subject to final approvals from the relevant authorities and a final Fatwa from external and internal advisors.

The Board of Directors of Gulf Navigation Holding PJSC is scheduled to meet on Thursday, 27 November 2025, at 10:00 am. The agenda includes appointing a new Board member to fill a vacant seat, appointing a Chairman and Vice Chairman, and, subject to approval from the Securities and Commodities Authority, considering calling a general assembly meeting. The meeting will discuss approving a stock split by reducing the nominal value of shares without affecting the company's total issued share capital and changing the company's name through special resolutions.

On 24 November 2025, H.H. Sheikh Theyab Bin Tahnoon Bin Mohammad Al Nahyan resigned from his position as the Chairman of the Board of Gulf Navigation Holding PJSC. This information was communicated to H.E. Hamed Ahmed Ali, CEO of the Dubai Financial Market, and H.E. Waleed Saeed Al Awadhi, CEO of the Securities and Commodities Authority, by Ali Abouda, the Chief Finance & Operation Officer of Gulf Navigation Holding PJSC.

GFH Financial Group B.S.C. announced the purchase of 9,910,000 treasury shares, increasing its total treasury shares from 236,319,315 (6.166% of total issued shares) to 246,229,315 (6.425% of total issued shares) as of November 24, 2025. The board of directors decided on the purchase on March 2, 2025, and received approval from the relevant authority on October 20, 2025. The average purchase price was USD 0.582 per share, with 137,030,068 shares remaining available for purchase. The announcement was made by Mariam Jowhary, Head of Compliance & AML.