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Dubai Insurance Company held a Board of Directors meeting on May 12, 2025, at 11:30 AM at the company's head office. The agenda included the approval of the first quarter financials for 2025. The communication was addressed to Mr. Hamed Ahmed Ali, Chief Executive Officer of Dubai Financial Market, and was signed by Sahem Abdel Haq, the Head of Legal.
The document is the interim condensed financial statements for Union Coop, covering the three-month period ending on March 31, 2025. These statements are unaudited.
The document is a review report and interim condensed consolidated financial statements for Orient Insurance PJSC and its subsidiaries, dated 31 March 2025. The report is unaudited.
GFH Financial Group announced the purchase of 315,000 treasury shares, increasing its total treasury shares from 207,592,618 to 207,907,618, which still represents 5.42% of the total issued shares as of May 12, 2025. The board of directors made the decision on March 24, 2024, with regulatory approval given on February 16, 2025. The average purchase price was 0.2938 USD per share, and the shares purchased represent 0.008% of the issued capital. There are 175,351,765 shares remaining available for purchase. The announcement was signed by Mariam Jowhary, Head of Compliance & AML.
The Dubai Financial Market (PJSC) is involved in a transaction to dispose of an investment asset, specifically through the sale of an asset valued at AED 326.93 million, which constitutes 4.08% of the company's capital. The total value of the transaction is AED 826.67 million. The purpose of this transaction is to enhance shareholder value and reallocate capital towards higher growth opportunities. The deal involves Creek Views Real Estate Development LLC and is not related to any associated parties. The transaction was signed and executed on August 5, 2025, with an expected closing date of August 5, 2027. As the disposing party, the company aims to use the collected funds to further enhance shareholder value and pursue growth opportunities. The payment terms include a 20% advance and 30% after a specified period.