Latest Threads on News from companies

The Islamic Arab Insurance Company, known as SALAMA, held a General Assembly Meeting on October 6, 2025. Following approval from the Central Bank of the United Arab Emirates on October 16, 2025, five new members were elected to the Board of Directors through cumulative voting by secret ballot. These members will fill the vacant seats for the remainder of the current term, which ends in April 2026. The elected board members are Mr. Rashed Mohammed Ali Abdulrahman, Mr. Buti Abdulla Mohammed Aljumairi, Mr. Essa Ali Bin Salem Bin Hassim Alzaabi, Mr. Umair Nizami Zulfiqar Ali, and Mr. Parvaiz Siddiq.

The Islamic Arab Insurance Company (SALAMA) is scheduled to hold a Board of Directors meeting on Tuesday, October 21, 2025, at 10:00 AM. The meeting will cover the election of the Board Chairman, the restructuring of Board Committees according to the company’s governance framework and applicable regulations, the continuation of the capital reduction process including the publication of the creditors' announcement, as well as regular matters and any other business. The notification was issued by Ahmad Abdelrahim, Senior Manager of Legal & Compliance.

The Dubai Financial Market (DFM) announced the expiry settlement prices for equity futures contracts set to expire in October 2025. The settlement prices are listed for various contracts, including AIRARB, ANSRI, ARMX, DEWA, DEYAAR, DFMGI, DFM, DIB, DIC, DU, EMAAR, EMPWR, EMRDEV, ENBD, GFH, SALIK, and SHUAA, with prices ranging from 0.223 AED to 27.100 AED. The announcement, dated October 16, 2025, is available on the DFM website. A disclaimer notes that the information is subject to change and advises consulting the official Dubai Financial Market Regulated Derivative Contract Trading Regulation for authoritative guidance.

The Dubai Financial Market (DFM) announced an adjustment to its Equity Futures Contracts for EMPOWER due to a cash dividend payment of AED 0.04375 per share, effective from October 17, 2025. The adjustment affects three contract series: EMPWR X25 for November 2025, EMPWR Z25 for December 2025, and EMPWR F26 for January 2026. The price adjustment involves a ratio of 0.974112, reducing the prices from 1.697 to 1.653, 1.702 to 1.658, and 1.706 to 1.662, respectively. The adjusted price will serve as the reference price for trading on October 17, 2025. Further details are available on the DFM website. The information provided is subject to change and is not a substitute for the official DFM regulations.

On 16 October 2025, a notification was sent to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, informing him that the Board of Directors of Amlak Finance PJSC will consider resolutions by circulation on Tuesday, 21 October 2025, at 9 am regarding internal matters. The communication was from Lama Takieddin, Head of Corporate Governance and Board Secretary, and a copy was sent to the Securities & Commodities Authority.

Al Salam Bank-Sudan, a public limited company, has released its unaudited condensed interim financial statements for the nine months ending on September 30, 2025.