Latest Threads on News from companies

GFH Financial Group B.S.C. is inviting shareholders to attend its Annual and Extraordinary General Meeting on March 13, 2025, at GFH House, Bahrain Financial Harbour. If the quorum is not met, subsequent meetings are scheduled for March 20 and March 27, 2025. The agenda includes ratifying previous meeting minutes, discussing reports on business activities, financial statements, and corporate governance, approving profit allocations, and authorizing share buybacks and auditor appointments. The Extraordinary General Meeting will address the issuance of financial instruments to improve capital ratios. Shareholders must submit attendance requests and proxies 24 hours before the meeting. Special arrangements are available for individuals with special needs. For inquiries, shareholders can contact the Investor Relations Department.

Dubai Islamic Bank PJSC's Board of Directors invites shareholders to its Annual General Assembly Meeting (AGM) on March 13, 2025, at the Mohammed Bin Rashid Library Building in Dubai, with a second meeting on March 20, 2025, if needed. Shareholders can attend in person or online. The agenda includes reviewing and ratifying reports on the bank's activities, financial position, and auditor reports for the year ending December 31, 2024. It also involves approving cash dividends of 45% of the paid-up capital, Board of Directors' remuneration, and discharging the Board and auditors from liability for 2024. The appointment of the Internal Sharia Supervision Committee and external auditors for 2025 will be confirmed, and representatives for shareholder voting will be appointed. Special resolutions will be considered to authorize the issuance of senior Sukuk up to USD 12.5 billion and Tier 2 Sukuk up to USD 1.0 billion, both non-convertible into shares, subject to regulatory approvals. Shareholders are encouraged to update their contact details with the Dubai Financial Market (DFM) for dividend distribution and can access financial statements and reports on the bank's and DFM's websites. Voting rights are determined by share registration dates, and shareholders can appoint representatives to vote on their behalf.

GFH Financial Group B.S.C. announced the purchase of 7,693,193 treasury shares, increasing its total treasury shares from 305,937,130 (7.98% of total issued shares) to 313,630,323 (8.18% of total issued shares) as of March 12, 2025. The decision to purchase was made during a board meeting on February 24, 2025, and was approved by the relevant authority on February 16, 2025. The average purchase price was 0.3136 USD per share, and this purchase represents 0.2% of the issued capital. There are 69,629,060 shares remaining for potential purchase. The announcement was signed by Mariam Jowhary, Head of Compliance & AML.

On 12 March 2025, Watania International Holding (PJSC) held a Board of Directors meeting. The meeting started at 2:30 PM. The board approved the audited financial statements for the year ending 31 December 2024, but the disclosure of these statements is pending final approval from regulators concerning the financials of the operating subsidiaries. Additionally, the board decided to invite the Annual General Assembly to convene after receiving the necessary regulatory approvals. Routine business matters were also discussed. The meeting details were signed by Nawal Ma’ally, the Board Secretary, on the same date.

Shuaa Capital PSC, a licensed financial investment company regulated by the Securities and Commodities Authority, announced that its Board of Directors has approved several resolutions via circulation. These include agreements with related parties for the subscription of convertible bonds to be issued by the company, subject to final approval by the Securities and Commodities Authority. The agreements involve: 1. Eshraq Investments PSC subscribing to convertible bonds worth AED 50 million. 2. Al Baher Real Estate Development LLC subscribing to convertible bonds worth AED 25 million. 3. United Motors & Heavy Equipment Co. LLC subscribing to convertible bonds worth AED 10 million. The total value of the new convertible bonds to be issued is AED 85 million.