Latest Threads on News from companies

GFH Financial Group has announced the purchase of 4,730,000 treasury shares, increasing its total treasury shares from 329,030,623 (8.59% of total issued shares) to 333,760,623 (8.71% of total issued shares) as of March 14, 2025. The decision was made at a board meeting on February 24, 2025, with approval from the relevant authority on February 16, 2025. The average purchase price was 0.3124 USD per share, and the purchased shares represent 0.123% of the issued capital. There are 49,498,760 shares remaining for purchase. The announcement was made by Mariam Jowhary, Head of Compliance & AML.

Emirates Investment Bank (Public Joint-Stock Company) has announced the opening of nominations for its Board of Directors from March 17, 2025, to March 27, 2025. Shareholders who meet the eligibility criteria can apply for one of the two available Board positions by submitting an application, including an introductory profile and their intended role (non-executive or independent member), to the Bank's Head Office in Dubai. The nomination process adheres to specific legal and governance requirements, including submitting necessary documents and fulfilling conditions outlined in relevant laws and the company's Articles of Association. The list of candidates will be published on March 28, 2025, and shared with the Securities and Commodities Authority and the Market.

Dubai Islamic Bank (DIB) held its Annual General Assembly, where shareholders approved a 45% cash dividend for 2024 following record-breaking financial performance. The bank reported a pre-tax profit exceeding AED 9.0 billion and a total income of AED 23.3 billion, marking a 16% growth from the previous year. DIB's assets expanded by 9.7% to AED 345 billion, with net financing and Sukuk investments increasing by 10.1% to AED 295 billion. Shareholders also approved governance matters, including the appointment of the Internal Sharia Supervision Committee and external auditors for 2025. Chairman Mohammed Ibrahim Al Shaibani highlighted the UAE's economic resilience and DIB's role in contributing to the nation's prosperity. CEO Dr. Adnan Chilwan emphasized the bank's strategic achievements and leadership in Islamic finance.

Dubai Insurance Company has released its 2024 Integrated Report, which includes the Board of Director’s Report, Auditor’s Report, Financial Statement, Corporate Governance Report, and Sustainability Report.