Latest Threads on News from companies

Dubai Taxi Company PJSC (DTC) announced that its shareholders approved a final cash dividend of AED 142.0 million for the second half of 2025, equivalent to 5.68 fils per share, during the Annual General Meeting. This brings the total dividend for the fiscal year 2025 to AED 302.7 million, marking a 7.5% increase from the previous year. The dividend distribution aligns with DTC's policy of paying out at least 85% of annual net profit on a semi-annual basis. The approval underscores DTC's strong performance and commitment to providing attractive returns to shareholders, amidst regional uncertainties and strong economic fundamentals in Dubai.

Dubai Taxi Company held its Annual General Meeting on April 7, 2026, at the Intercontinental Hotel in Dubai Festival City, with an option for electronic participation. The meeting achieved a legal quorum, and the following resolutions were approved by a majority of votes: 1. Appointment of Mr. Vicken Khochafian as the Secretary for the Meeting and LUMI as the Vote Collector. 2. Approval of the Board of Directors' Report on the company's activities and financial position for the fiscal year ending December 31, 2025. 3. Approval of the independent external auditor’s report for the fiscal year ending December 31, 2025. 4. Approval of the company's balance sheet and profit and loss account for the fiscal year ending December 31, 2025. 5. Approval of the Board of Directors’ proposal to distribute cash dividends for the second half of the fiscal year ending December 31, 2025, amounting to AED 141,990,888 (5.68 Fils per share), representing 85% of the net profit for the period. The total cash dividends declared for the fiscal year 2025 amount to AED 302,660,217, representing 12.11% of the company's share capital. The Board of Directors was authorized to distribute semi-annual dividends for the first half of 2025.

The company "Cooperative Union" held its general assembly meeting on Tuesday, April 7, 2026, from 4:00 PM to 6:00 PM, both in-person at the Dubai Chamber of Commerce and remotely. The meeting was chaired by Majid Hamad Al Shamsi. The attendance quorum was 0.28% of the capital. Key decisions made during the meeting included: 1. Approval of the minutes from the previous general assembly meeting for the financial year ending December 31, 2024. 2. Approval of the board of directors' report on the association's activities for the financial year ending December 31, 2025. 3. Approval of the auditor's report for the financial year ending December 31, 2025. 4. Approval of the association's financial statements and profit and loss account for the financial year ending December 31, 2025. 5. Allocation of AED 6,141,932 for social responsibility and distribution of AED 286,443,478 to shareholders from net profits as follows: - AED 36,813,662 (5%) as a return on members' purchases, distributed in cash. - AED 244,379,817 (14%) as a cash return on existing capital. - AED 5,250,000 as board members' remuneration, representing 1.78% of distributable net profit. 6. Approval of the discharge of board members from liability for the financial year ending December 31, 2025. The disclosure of the general assembly meeting results is dated April 7, 2026, with reference number BoD-2026-05-DP.

Mashreqbank PSC, headquartered in Dubai, UAE, has announced a Board of Directors meeting scheduled for Monday, April 13, 2026, at 10:00 am. The agenda includes approving the minutes from the previous meeting on February 2, 2026, discussing normal business activities, and addressing any other business matters. The notification is issued by Shaima Al Obeidli, Head of Corporate Governance & Group Company Secretary, with a copy sent to the Securities & Commodities Authority.