Latest Threads on News from companies

Takaful Emarat Insurance has announced an adjustment in its share price on the Dubai Financial Market (DFM) following an increase in the company's issued share capital by up to AED 185,000,000 through a rights issue at AED 1.00 per new share. This adjustment aims to maintain balance, transparency, and equality among shareholders who bought shares before and after the record date for the rights issue. The adjustment also recalibrates the market value of the shares due to the increased number of shares, ensuring the company's market capitalization is appropriately distributed.

BHM Capital, a leading financial institution in the UAE capital markets, reported a 6% increase in net profits for the first nine months of 2024, totaling AED 24.81 million compared to AED 23.47 million in the same period of 2023. The company's total assets grew by 17.4% to AED 1.4 billion, and total income increased by 22.57% to AED 117.9 million. The number of new client accounts rose by 334.52%, reaching 22,295. CEO Abdel Hadi Al Sa’di attributed these results to the UAE's supportive investment environment and the company's strategy of revenue diversification and investment in innovative solutions. Despite global challenges, BHM Capital's strategy has been successful. The company was also recognized as the "Best Equity Broker in Dubai" at the 2024 Annual Conference of the Arab Federation of Capital Markets.

Al Ansari Exchange, the largest remittance and foreign exchange company in the UAE, has partnered with MEX Global Financial Services LLC, part of the MultiBank Group, to streamline customer payments. This partnership allows customers to make deposits and withdrawals from their trading accounts at any Al Ansari Exchange branch in the UAE. The collaboration aims to enhance customer experience by providing a convenient and efficient way to manage financial transactions, complying with local regulations. With over 260 branches, Al Ansari Exchange offers MultiBank Group clients near-instant deposit and withdrawal services. The partnership emphasizes both companies' commitment to customer-centric innovation and secure financial solutions. MultiBank Group, established in 2005 and serving over 1 million clients globally, is known for its advanced trading solutions and strong regulatory compliance. For more information, visit Al Ansari Exchange's website.

The weekly summary for DFM Regulated Short Sell Transactions from October 28 to November 1, 2024, reports the following activities: Salik Company PJSC had a short sell trade volume of 3,150 with a trade value of AED 15,529.50, and Dubai Taxi Company PJSC had a short sell trade volume of 1,500 with a trade value of AED 4,290.00. For more details on Regulated Short Selling, refer to the DFM Market Rules and Operational Model available on their website. The announcement can also be accessed on the DFM website. Note that the information is subject to change and DFM is not liable for any losses incurred from using this data.