Latest Threads on News from companies

On January 7, 2025, a new series of equity futures contracts, effective from January 9, 2025, will be available for trading. These contracts, set to expire on April 17, 2025, include futures on various securities such as AIRARB, ANSRI, ARMX, DEWA, DEYAAR, DFM, DFMGI, DIB, DIC, DU, EMAAR, EMPWR, EMRDEV, ENBD, GFH, SALIK, and SHUAA. This announcement can be accessed on the Dubai Financial Market's website. Note that the information provided is subject to change, and the Dubai Financial Market's Regulated Derivative Contract Trading Regulation will take precedence in case of any discrepancies.

The letter informs Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, about a scheduled Board of Directors meeting for Taaleem Holdings PJSC. The meeting will take place on Thursday, January 9, 2025, at 3:00 pm at the company's office and via remote attendance. The agenda includes considering and approving the interim condensed consolidated financial statements for the three-month period ending November 30, 2024, discussing routine business issues, following up on company activities, and addressing any other matters with the Chairman's permission. The letter is signed by Alan Williamson, CEO of Taaleem Holdings PJSC, with a copy sent to the Securities and Commodities Authority.

Air Arabia has announced that a board of directors meeting is scheduled for Monday, January 13, 2025, at 3:00 PM. The meeting will focus on discussing the company's budget for the year 2025.

Arcapita and DgPays Consortium have completed a $385 million acquisition of a majority stake in NEOPAY from Mashreq. Mashreq, a prominent financial institution in the MENA region, retains a significant minority stake in NEOPAY to support its growth. This strategic partnership aims to expand NEOPAY's operations, enter new markets, and enhance its services in the Middle East. NEOPAY, a leader in digital payments, processes over $30 billion annually and offers various services, including merchant acquiring and payment processing. Mashreq, known for its innovative banking solutions, continues to focus on customer success and growth, maintaining its headquarters in the Middle East.

Mashreqbank PSC has announced the completion of a transaction involving the sale of 65% of its interests in IDFAA Payment Services LLC. This sale was made to a consortium consisting of Arcapita Group Holdings Limited and Dgpays S.a.r.l. The transaction, which was initially disclosed on September 13, 2024, was finalized on January 6, 2025. The announcement was made by Shaima Al Obeidli, Head of Corporate Governance & Group Company Secretary, on behalf of Mashreqbank.

On January 3, 2025, the Board of Directors of Amlak Finance PJSC passed resolutions by circulation concerning regular internal matters. This information was communicated to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, by Lama Takieddin, Head of Corporate Governance and Company Secretary. A copy was also sent to the Securities & Commodities Authority.