Latest Threads on News from companies

GFH Financial Group B.S.C. announced that it has increased its stake in Khaleeji Bank B.S.C. from 57.95% to 82.95%, effective from September 30, 2024. This represents a 25% increase in their ownership. The investment is expected to have a positive impact on the group's financial statements and increase its returns. The announcement was made by Mariam Jowhary, Head of Compliance and AML.

HAYAH Insurance Company P.J.S.C will hold a meeting on Wednesday, 9th October 2024, starting at 11:00 AM. The agenda includes discussing general business matters that will not affect the share price. The meeting details are authorized by Mr. Mohamed Seghir, the Chief Executive Officer. A copy of this information has been sent to the Security and Commodities Authority (SCA).

The Dubai Financial Market (DFM) released a weekly summary of regulated short sell transactions for the period from September 30, 2024, to October 4, 2024. During this period, the Dubai Taxi Company PJSC had a short sell trade volume of 2,000 with a trade value of AED 5,380. Salik Company PJSC had a short sell trade volume of 6,400 with a trade value of AED 27,200. For more information on regulated short selling, refer to the DFM Market Rules and Procedures. The announcement is available on the DFM website. The information provided is subject to change, and DFM is not liable for any losses incurred from using this data.

On October 4, 2024, Emirates Reem Investments Company P.J.S.C announced an acquisition transaction involving the purchase of a 55% stake in Worldwide General Trading - Sole Proprietorship L.L.C and Pallets General Trading - Sole Proprietorship L.L.C. The transaction is valued at AED 15.4 million, representing 4.81% of the company's capital. The acquisition aims to achieve diversification, forward and horizontal integration, and synergy cost benefits, without affecting shareholders' rights.