Latest Threads on News from companies

BHM Capital Financial Services P.S.C has scheduled a Board of Directors meeting for Wednesday, May 14, 2025, at 3:30 PM. The agenda includes reviewing and approving the Q1 financial statements for 2025 and discussing other routine operational matters. The notice is signed by Abdel Hadi Al Sa’di, the CEO of BHM Capital Financial Services P.S.C.

GFH Financial Group B.S.C. announced the purchase of 500,000 treasury shares, increasing its total treasury shares from 207,092,618 (5.40% of total issued shares) to 207,592,618 (5.42% of total issued shares) as of May 9, 2025. The decision to purchase was made by the board of directors on March 24, 2024, and was approved by the relevant authority on February 16, 2025. The average purchase price was USD 0.2983 per share. There are 175,666,765 shares remaining available for purchase. The announcement was made by Mariam Jowhary, Head of Compliance & AML.

Dubai Financial Market PJSC (DFM) has announced a binding agreement to sell a portion of its non-core investment assets as part of its portfolio optimization strategy. This move is intended to enhance shareholder value and reallocate capital towards higher growth opportunities. The positive financial impact of this divestment will be reflected in the company's Q2 2025 financial statements. In Q1 2025, DFM reported a total consolidated revenue of AED186.5 million, with 53.9% derived from investments and other income. DFM is committed to maintaining a diversified revenue stream and will provide further details about the transaction in due course.

A meeting of the Board of Directors for the Islamic Arab Insurance Company – SALAMA (P.S.C) is scheduled to take place on Wednesday, 14 May 2025, at 2:00 PM. The agenda for the meeting includes discussing the company's financial statement for the first quarter ending on 31 March 2025, along with regular matters and any other business. The notice is addressed to Mr. Waleed Saeed Abdul Salam Al Awadhi, CEO of the Securities and Commodities Authority, and Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market. The letter is signed by Motaz Kraishan, the Board Secretary.