Latest Threads on News from companies
Threads on regulatory news from companies
Threads on regulatory news from companies
GFH Financial Group has scheduled its Ordinary General Meeting for October 2024. The agenda includes: 1. Approving the minutes of the previous meeting held on 24 March 2024. 2. Approving the Board of Directors' recommendation to establish a Sukuk Programme worth up to $500 million through a Special Purpose Vehicle (SPV), subject to necessary regulatory approvals. 3. Approving modifications and an offer related to the 2020 Sukuk issuance, including early redemption for cash of outstanding certificates. 4. Delegating powers to the Board of Directors to manage the Sukuk Programme establishment and the Offer, including obtaining necessary regulatory approvals and conducting essential procedures. 5. Delegating powers to the Chief Executive Officer to execute the Sukuk Programme and the Offer, including obtaining necessary approvals and conducting essential procedures. 6. Discussing any other matters as per Article 207 of the Commercial Companies Law. The meeting will be held via video conferencing on 2 October 2024, with alternative dates set for 9 October 2024 and 16 October 2024 if the legal quorum is not met.
On 2 October 2024, the Market Operations & Surveillance section of the Abu Dhabi Securities Exchange received a notification from ADNOC Logistics & Services plc. The company announced that its Board of Directors will pass a written resolution by circulation on Monday, 7 October 2024, at 6:00 PM UAE time. The resolution aims to consider and approve the interim cash dividend distribution to shareholders for the first half of the financial year 2024. The notification was signed by Abdulkareem Mubarak Almessabi, the Chief Executive Officer, and a copy was sent to the Securities and Commodities Authority (SCA).
GFH Financial Group announced that the Ordinary General Meeting scheduled for Wednesday, October 2, 2024, did not achieve the required quorum, with only 41.58% attendance. Consequently, a second meeting is scheduled for Wednesday, October 9, 2024, at 11:00 a.m. via modern visual communication methods. The announcement was made by Mariam Jowhary, Head of Compliance & AML, and included the company seal.
GFH Financial Group B.S.C. announced its market making activities and treasury share positions for September 2024, complying with the Central Bank of Bahrain's requirements for monthly disclosures by listed companies. The liquidity provider SICO conducted market making transactions in the Bahrain Bourse, while BHM Capital did so in the Dubai Financial Market and Abu Dhabi Securities Exchange. As of September 30, 2024, GFH held 84,186,563 treasury shares, representing 2.20% of the group's total outstanding shares. In the Bahrain Bourse, SICO purchased 2,887,408 securities and sold 1,253,127 securities, with total payments amounting to $984,520 and total receipts of $427,304.
RAK Properties, a leading property developer in Ras Al Khaimah, UAE, has expanded its partnership with Minor Hotels to introduce Anantara Branded Residences on Mina al Arab. The agreement was signed during the Future Hospitality Summit, aligning with RAK Properties' strategy to integrate international hospitality brands and enhance Ras Al Khaimah's appeal for luxury living and tourism. The development will feature 94 residential apartments and 20 overwater villas, designed by JT&P. This project aims to offer high-end living with amenities like private infinity pools and direct shoreline access. Both companies emphasize their commitment to sustainable and luxury developments, reinforcing Mina Al Arab as a premier global destination. Their initial collaboration resulted in the award-winning Anantara Mina Al Arab Ras Al Khaimah Resort, which has achieved LEED Gold certification for its eco-friendly practices.