Latest Threads on News from companies

Al Salam Bank, in collaboration with the Ministry of Housing and Urban Planning and Eskan Bank, has launched "Tasheel+", a new financing solution that combines the features of the "Mazaya" and "Tasheel" schemes. This product offers up to BD 91,000 in financing with flexible contribution options, aiming to provide comprehensive financial solutions for social housing initiatives. Additionally, Al Salam Bank introduced "Reducing Installment Additional Financing," which decreases installment amounts over time as the client's contribution increases, allowing for higher overall financing while maintaining stable monthly payments. The bank's Deputy CEO, Anwar Murad, and Head of Retail Banking, Mohammed Buhijji, emphasized the bank's commitment to supporting national housing initiatives and promoting financial inclusion. The first 20 clients of the program will receive a BD 500 cashback, and all beneficiaries will enjoy benefits such as exemption from valuation and fire insurance fees, no down payment, and competitive profit rates, subject to campaign terms and conditions. For more details, contact Al Salam Bank or book an appointment via the Skiplino app.

Sukoon Insurance P.J.S.C. and its subsidiaries have released a review report and condensed consolidated interim financial information for the three-month period ending March 31, 2025.

Dubai National Insurance (DNI) announced a 15% cash dividend at its Annual General Assembly Meeting, totaling AED 17.325 million. The company reported a net profit of AED 53.5 million for 2024, marking a 13.6% increase from the previous year. Insurance revenue rose by 5% to AED 469.1 million. Chairman Khalaf Ahmad Al Habtoor attributed the strong financial performance to effective underwriting strategies and investment income, despite challenges like the April floods. CEO A.R. Srinivasan highlighted the company's significant underwriting growth and enhanced digital capabilities. Al Habtoor expressed gratitude to UAE leadership and regulatory authorities, emphasizing DNI's commitment to sustainable growth and innovation.

Sukoon Insurance PJSC held a Board of Directors meeting on April 24, 2025, at their head office in Dubai and via video conferencing. The board approved the financial statements for the first quarter of the fiscal year 2025, the compensation policy, and the job description for the Board Secretary. They also discussed general business matters. The meeting's results were communicated to Mr. Hamed Ahmad Ali, the Executive Chief Officer of the Dubai Financial Market, and a copy was sent to Mrs. Maryam Butti Al Suwaidi, Deputy CEO of the Securities and Commodities Authority in Abu Dhabi.

The Board of Directors of Emirates Reem Investments Company P.J.S.C invites all shareholders to attend the Annual General Assembly Meeting on Thursday, April 24, 2025, at 3:30 PM. The meeting will take place in person at the Conference Hall in Dusit Thani Dubai Hotel, and will also be accessible remotely via Microsoft Teams with direct e-voting. The agenda includes reviewing and approving the Director's report and the auditor's report for the fiscal year ending December 31, 2024, discussing and approving the company's financial statements, considering the recommendation not to distribute dividends, discharging the board of directors and auditors from liabilities for the year, and appointing external auditors for 2025 and determining their fees.

Shuaa Capital PSC, a licensed financial investment company regulated by the Securities and Commodities Authority under license number 630307 and commercial license number 200219, has its headquarters at "The H" Hotel, Office Tower, 15th Floor, Office No. 1502, Dubai, UAE. They can be contacted via phone at +971 (4) 330 3600 or fax at +971 (4) 330 3550. The company's Board of Directors invites shareholders to attend the annual general meeting on Thursday, April 24, 2025, at 3:00 PM. The meeting will be held at the company's premises on the 32nd floor of Al Khatem Tower, Al Maryah Island, Abu Dhabi. Shareholders also have the option to participate electronically. The agenda includes special resolutions, such as amending Article 17 of the company's Articles of Association to increase the number of board members from five to seven. Ordinary resolutions include reviewing and approving the Board of Directors' report on the company's activities and financial position for the fiscal year ending December 31, 2024, as well as the auditor's report for the same period.