Latest Threads on News from companies

Al Mal Capital PSC, as the Fund Manager of Al Mal Capital REIT (AMCREIT), is inviting all unitholders to attend the General Assembly meeting scheduled for September 25, 2025, at 1:00 PM. The meeting will take place at Al Mal Capital PSC's head office in Dubai, UAE, and can be attended either in person or remotely. The agenda includes discussing an Islamic banking facility to refinance an existing AED 227 million facility for Kent College – Dubai, with funding from Ajman Bank and RAK Bank. Since RAK Bank is a related party due to its unitholder status in AMCREIT, approval from unitholders is required. Additionally, the Fund Manager seeks approval for obtaining any hedging facilities from RAK Bank and for acquiring Islamic banking facilities worth approximately AED 170 million to finance a healthcare asset acquisition in Dubai. If the Islamic financing transaction cannot be completed in time, the Fund requests approval to proceed with alternative financing arrangements.

Al Salam Bank has launched a new financing campaign in response to client demands, running until December 31, 2025. Eligible clients will be automatically entered into monthly draws over three months, with the October prize offering the chance to have outstanding finance settled, subject to terms and conditions. The campaign targets clients with Personal, Auto, or Property Finance, including those in Social Housing programs, who meet specific criteria such as maintaining an active credit card and a minimum balance in a Danat or Danat Plus account. The initiative aims to reward client loyalty and encourage new clients by offering innovative incentives and promoting financial stability. For more details, clients can visit the bank's website or contact them through various channels.

Dubai Taxi Company and Kabi by Al Ghurair, two major taxi operators in Dubai, have formed a strategic alliance to enhance urban mobility in the UAE. This collaboration includes the integration of their taxi fleets, totaling 9,880 vehicles, into the e-hailing platforms Bolt and Zed. The agreement, signed by the CEOs of both companies, aims to improve ride-hailing services by increasing availability and reducing waiting times. This initiative aligns with the Dubai Government's goal to convert 80% of taxi trips to e-hailing as part of a broader vision for smart mobility and sustainability. The partnership seeks to expand access to taxis and improve the overall customer experience in line with growing demand.

On September 24, 2025, the Board of Directors of Dubai Taxi Company P.J.S.C. issued a Board Resolution by Circulation to approve certain internal matters related to the company's business operations. The communication was addressed to Mr. Hamed Ahmed Ali, the CEO of the Dubai Financial Market, and was signed by Vicken Khochafian, the Board Secretary and Governance Director. A copy was also sent to the Securities and Commodities Authority.

Sukoon Insurance PJSC is notifying Mr. Hamed Ahmad Ali, the Executive Chief Officer of the Dubai Financial Market, that the company's Board of Directors will pass a resolution by circulation on September 26, 2025, at 10:00 am. The agenda includes approving the mid-year underwriting performance report and pricing report as of June 30, 2025. The notification is also copied to Mrs. Maryam Butti Al Suwaidi, Deputy CEO of the Securities and Commodities Authority in Abu Dhabi, UAE.

On 24 September 2025, Amlak Finance P.J.S.C held a board meeting from 1:30 PM to 2:30 PM. All seven board members were present, achieving a 100% quorum. The board discussed routine business matters. The authorized signatory for the meeting was Lama Takieddin, the Head of Corporate Governance and Company Secretary.