Latest Threads on News from companies
Threads on regulatory news from companies
Threads on regulatory news from companies
Dubai Investments has initiated construction on Asayel Avenue, a new residential cluster within the AED 2.2 billion Mirdif Hills development in Dubai. The project, developed by Dubai Investment Real Estate, will feature 193 residential apartments with modern layouts, premium finishes, and smart living technologies. Asayel Avenue aims to enhance community living with wellness amenities and landscaped spaces. Construction began in the second quarter of 2025, with completion expected by the second quarter of 2027. The project reflects Dubai Investments' commitment to quality and sustainable urban development.
The letter, dated 24 June 2025, is addressed to Mr. Hamed Ahmed Ali, the CEO of the Dubai Financial Market. It references an upcoming General Meeting scheduled for 30 June 2025. Due to an official holiday on 27 June 2025, it is noted that shareholders registered by 26 June 2025 will have the right to vote at the meeting. The letter is signed by Lama Takieddin, Head of Corporate Governance and Board Secretary, with a copy sent to the Securities & Commodities Authority.
The Board of Directors of the Islamic Arab Insurance Company (SALAMA) has approved resolutions concerning the company's business affairs through circulation. This information is communicated to Mr. Hamed Ahmed Ali, the Chief Executive Officer of the Dubai Financial Market, by Motaz Kraishan, the Board Secretary.
On June 23, 2025, GFH Financial Group B.S.C. announced that it has withdrawn the credit ratings assigned to it by Capital Intelligence Ratings. The decision was made because the group currently relies on credit ratings from two leading global agencies, Fitch Ratings and Standard & Poor's Global Ratings (S&P). The announcement was made by Mariam Jowhary, Head of Compliance and Anti-Money Laundering, and was officially documented with the company seal.