Latest Threads on News from companies
Threads on regulatory news from companies
Threads on regulatory news from companies
Drake & Scull International (PJSC) is inviting its shareholders to the Annual General Assembly Meeting on April 25, 2025, at The H Dubai Hotel. The agenda includes authorizing meeting officials, reviewing and approving financial reports for 2024, discussing dividend proposals, board remuneration, and potential liability absolution for board members and auditors. Other items include appointing auditors for 2023, reclassifying legal reserves, granting a loan to a subsidiary, and amending the company's articles of association. Shareholders must register electronically to attend and vote, with options to participate in person or virtually. Proxies and corporate representation are allowed under specific conditions. The meeting requires a quorum of at least 50% shareholder representation, with a second meeting scheduled if necessary. Financial statements and governance reports are available on the company's website.
GFH Financial Group B.S.C. announced that it purchased 3,490,000 treasury shares, increasing its total treasury shares from 169,324,950 (4.42% of total issued shares) to 172,814,950 (4.51% of total issued shares) as of April 2, 2025. The board of directors made the purchase decision on March 24, 2025, and it was approved by the relevant authority on February 16, 2025. The average purchase price was USD 0.3025 per share. There are 210,444,433 shares remaining available for purchase. The announcement was made by Mariam Jowhary, Head of Compliance & AML.
The Dubai Financial Market (DFM) announced an adjustment to its Equity Futures Contracts for EMAAR due to a cash dividend payment of AED 1.00 per share approved by EMAAR shareholders. Effective April 3, 2025, the adjustment applies to three EMAAR futures contracts for April, May, and June 2025. The price adjustment involves an adjustment ratio of 0.925, affecting the settlement prices for these contracts. The adjusted prices will serve as the reference prices for trading on April 3, 2025. The announcement is available on the DFM website. The document notes that the information is subject to change and emphasizes that the DFM Regulated Derivative Contract Trading Regulation takes precedence in case of inconsistencies.
The Board of Directors of Alliance Insurance PSC invites shareholders to the Annual General Assembly Meeting on Monday, April 28, 2025, at 11:00 am, held at the company’s head office and remotely. The agenda includes reviewing and approving reports on the company’s activities, financial position, auditors’ report, balance sheet, profit and loss account for the fiscal year ending December 31, 2024, and a proposal for a 30% cash dividend distribution. The meeting will also address the remuneration of the Board of Directors, discharge or non-discharge of board members and auditors, appointment of auditors for 2025, and confirmation of appointments for vacant positions. Shareholders can attend in person or appoint a proxy, with conditions on representation. Registration, attendance, and eVoting details will be shared via SMS one day prior to the meeting. The meeting requires at least 50% of share capital representation for validity, with a second meeting scheduled if necessary. Financial statements and reports are available on the company’s website. For queries, contact details are provided for Dubai Financial Market and Alliance Insurance PSC.