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Sukoon Insurance PJSC, with a paid-up capital of AED 461,872,125, is regulated by the Central Bank of the UAE. On October 7, 2025, the company's Board of Directors passed a resolution by circulation to update the trade license of Synergize Services FZ-LLC. This update reflects the appointment of Hammad Raza Khan as the new Acting CEO, replacing the former CEO, Jean-Louis Laurent Josi. The communication was addressed to Mr. Hamed Ahmad Ali, Executive Chief Officer of the Dubai Financial Market, and a copy was sent to H.E. Waleed Saeed Al Awadhi, CEO of the Securities and Commodities Authority in Abu Dhabi.
Dubai Investments announced plans to double the float glass manufacturing capacity at its subsidiary, Emirates Float Glass (EFG), by adding a second production line. This expansion will increase EFG's capacity from 600 to 1,200 tons per day and introduce Ultra Clear low-iron glass, a first in the MENA region. The new line, expected to be operational by late 2027 or early 2028, will feature advanced automation and energy-efficient systems to improve product quality and minimize environmental impact. This development aligns with Dubai Investments' commitment to sustainable growth and positions EFG to meet growing demand in regional and international markets. The project involves collaboration with HORN Glass Industries of Germany and other contractors to ensure high standards of delivery.
The Dubai Financial Market announced the availability of a new series of equity futures contracts for trading, effective from October 9, 2025. These contracts, expiring in January 2026, include various futures such as AIRARB, ANSRI, ARMX, DEWA, DEYAAR, DFM, DFMGI, DIB, DIC, DU, EMAAR, EMPWR, EMRDEV, ENBD, GFH, SALIK, and SHUAA. Each contract will be listed on October 9, 2025, and de-listed on January 15, 2026. Further details and updates can be found on the Dubai Financial Market's website. The document notes that the information is subject to change and emphasizes that the Dubai Financial Market Regulated Derivative Contract Trading Regulation takes precedence in case of any inconsistencies.
Sukoon Insurance PJSC, with a paid-up capital of AED 461,872,125, is regulated by the Central Bank of the UAE. The company's Board of Directors passed a resolution by circulation on October 6, 2025, approving the update of the trade license to reflect the appointment of Hammad Raza Khan as the new Acting CEO, replacing the former CEO, Jean-Louis Laurent Josi. The communication was addressed to Mr. Hamed Ahmad Ali, Executive Chief Officer of the Dubai Financial Market, and a copy was sent to H.E. Waleed Saeed Al Awadhi, CEO of the Securities and Commodities Authority in Abu Dhabi.
On October 6, 2025, a clarification was issued by BHM Capital regarding a recent change in its shareholding in Gulf Navigation Holding PJSC. The change in shares registered under BHM Capital's name pertains to shares held by its clients in their asset management accounts and does not indicate any proprietary ownership by BHM Capital in Gulf Navigation. This statement was made in accordance with principles of disclosure and transparency, following a recent disclosure by Gulf Navigation. The communication was submitted through the EFSAH electronic disclosure system and was signed by Abdel Hadi Al Sadi, the CEO.