Latest Threads on News from companies

GFH Financial Group announced that it has purchased 2,840,000 treasury shares, increasing its total treasury shares from 327,876,376 (8.555% of total issued shares) to 330,716,376 (8.629% of total issued shares) as of January 5, 2026. The decision to purchase was made by the board of directors on March 2, 2025, and received authority approval on October 20, 2025. The average purchase price was 0.618, representing 0.074% of the issued capital. There are 52,543,007 shares remaining for purchase. The announcement was signed by Mariam Jowhary, Head of Compliance & AML.

Al Salam Bank, in collaboration with Tumooh Sport Management and Ole Academy, announced that players from its Project Dream initiative have won the JPL Premiership for the 2014 age group in the GCC. The tournament featured over 22 top youth academies, highlighting the achievement's regional significance. The Project Dream team, representing Ole Academy, remained unbeaten through the group stages and won the final against Manchester City Academy UAE. Abbas Ali Khairallah, a Project Dream player, was named Best Player in his category. Project Dream is Al Salam Bank's youth development initiative, focusing on structured and sustainable talent development. The program emphasizes physical and technical training, individualized monitoring, and long-term growth, providing a professional environment for young players. Mahmood Qannati of Al Salam Bank highlighted the importance of investing in youth development and strong partnerships, aiming to empower national talents for future international representation. Mohammed A.Latif bin Jalal of Tumooh Sports Management praised the initiative's alignment with the vision of His Highness Shaikh Nasser bin Hamad Al Khalifa to develop Bahraini sports talents. Khaled Al Awadhi of Ole Bahrain Academy noted the players' commitment and the success of the structured development environment. Project Dream continues to contribute to a sustainable player development ecosystem, supporting talent from an early age and aligning with Al Salam Bank's commitment to community development and responsible corporate engagement.

A Board of Directors meeting for Taaleem Holdings PJSC is scheduled for Thursday, January 8, 2026, at 3:00 pm. The meeting will be held at the company's office and via remote attendance. The agenda includes reviewing and approving the Interim Condensed Consolidated Financial Statements for the three-month period ending November 30, 2025, discussing routine business matters, following up on the company's activities, and addressing any other issues with the Chairman's permission. The letter is signed by Alan Williamson, the Chief Executive Officer, and is also addressed to the Securities and Commodities Authority.

Drake & Scull International PJSC's subsidiary, Passavant Energy & Environment GmbH, has secured a EUR 17 million contract for the Tanta Wastewater Treatment Plant Rehabilitation in Egypt. This contract strengthens DSI's involvement in the water and environmental infrastructure sector in the Middle East and North Africa. Passavant will handle the design, engineering, procurement, installation, testing, and commissioning of electromechanical systems and piping, and will operate the facility for two years, training local staff. The project aims to enhance water treatment capacity with a new facility designed for 100,000 m³/day, alongside the existing 60,000 m³/day plant, focusing on operational reliability and minimal environmental impact. Construction will last 27 months, followed by 24 months of operation and maintenance, improving water management and public health in the region.

GFH Financial Group announced that it has purchased 2,878,843 treasury shares, increasing its total treasury shares from 324,997,533 (8.480% of total issued shares) to 327,876,376 (8.555% of total issued shares) as of January 4, 2026. The decision to purchase these shares was made during a board meeting on March 2, 2025, and received approval from the relevant authority on October 20, 2025. The average purchase price was 0.620, and the purchased shares represent 0.075% of the issued capital. There are 55,383,007 shares remaining available for purchase. The announcement was made by Mariam Jowhary, Head of Compliance & AML.