Latest Threads on News from companies

Gulf Navigation Holding PJSC, listed on the Dubai Financial Market, has announced that its operations are continuing normally and without any interruptions. This reflects the robustness of its business model and the integration of its assets. The company confirms that its petroleum products and crude oil storage facilities in Fujairah are operating at full capacity, providing storage, handling, and logistics services according to approved plans. This ensures the company meets its commitments to customers and strategic partners. Additionally, all company-owned and managed vessels, including oil and petrochemical tankers, are conducting their scheduled commercial operations without any disruptions. The company monitors vessel positions through internal fleet management systems and third-party tracking services.

Union Properties has joined the Massachusetts Institute of Technology's Industrial Liaison Program to enhance its technology-driven transformation in real estate. This collaboration will allow Union Properties to engage with MIT's academic and entrepreneurial ecosystem, focusing on emerging technologies to foster innovation and develop future-oriented real estate models. The initiative is structured around four strategic pillars, emphasizing learning and development for employees, access to global best practices, and the creation of business case studies within MIT's framework. It also includes customized executive education and leadership training programs to improve decision-making and internal capabilities. Additionally, the membership provides Union Properties with a platform for engaging with MIT-affiliated startups, supporting strategic initiatives and investment opportunities aligned with its long-term goals.

Taaleem Holdings PJSC confirms its continued full operational status across its educational portfolio despite regional developments. The group has transitioned to online learning, maintaining engagement with students and parents, and is prepared to resume on-campus learning when permitted by authorities. Taaleem's recent strong financial performance and progress on its IPO strategy, including the opening of DBS Mira, underline its strategic effectiveness. The group emphasizes its commitment to educational continuity, operational excellence, and the safety and wellbeing of its school communities, operating in alignment with UAE regulations. The Chairman, Mr. Khalid Al Tayer, reiterates the group's dedication to transparency and long-term interests of students, families, colleagues, and shareholders.

GFH Financial Group B.S.C. invites its shareholders to the Annual and Extraordinary General Meeting on March 25, 2026, at 11:30 am, either in person at GFH House, Bahrain Financial Harbour, or via video conference. If the legal quorum is not met, subsequent meetings are scheduled for April 1 and April 8, 2026. The agenda includes ratifying the previous meeting's minutes, discussing reports from the Board of Directors, Sharia Supervisory Board, and external auditor, and approving the consolidated financial statements for the year ending December 31, 2025. The Board recommends allocating the 2025 net profit to various reserves, the GFH Foundation, zakat payments, cash dividends of 10.11%, and retaining earnings for the next year. Key dates for dividend entitlement and payment are outlined, with the payment date set for April 15, 2026.

The Dubai Financial Market (DFM) has announced that trading will resume on the UAE capital markets, including the DFM, on Wednesday, 4 March 2026, following a decision by the UAE Capital Markets Authority. To ensure orderly market conditions, DFM will temporarily adjust the limit down threshold to 5%, with ongoing reviews in coordination with regulators.

SHUAA Capital p.s.c., a financial investment company based in Dubai and regulated by the U.A.E. Securities and Commodities Authority, has announced the resignation of Mr. Anil Dixit, the Head of Asset Management, due to personal reasons. This notification was addressed to Mr. Hamed Ahmed Ali, the CEO of the Dubai Financial Market, by Islam Mahrous, the Chief Compliance Officer of SHUAA Capital.

The text provides explanatory notes on proxy approval in accordance with Article 40 (1) and (2) of the Corporate Governance Guide. It informs shareholders that they may appoint a proxy to attend General Assembly Meetings and vote on resolutions, provided the proxy is not a Board member, company employee, or employee of a securities brokerage firm. The proxy must have a special written authorization, and they cannot represent more than 5% of the company's issued share capital. Shareholders lacking legal capacity will be represented by their legal representatives. The shareholder's signature on the proxy must be authenticated by specific entities, such as a Notary Public, a Chamber of Commerce or economic department in the UAE, a bank or licensed company where the principal holds an account, or any licensed entity for signature attestation. The proxy form should include the shareholder's contact details and the contact details of the brokerage firm representative who authenticated the proxy. The form is a guide, and the principal can set the powers and limitations of the proxy, ensuring the signature matches the authenticated one. For further information, contact details are provided: phone number 9714 6051180, mobile 050 1833670, and email alia@alliance-uae.com.

The Annual General Assembly meeting of Ajman Bank was held on March 3, 2026, both in person and electronically. The meeting resulted in several approvals: the Board of Directors' report on the bank's activities and financial position for the year ending December 31, 2025; the external auditor's report; the Internal Shari’ah Supervisory Committee's report; the bank's balance sheet and profit and loss account; a proposal to distribute cash dividends at 9.18% of the capital; the remuneration for the Board of Directors and fees for attending meetings; the Board’s remuneration policy; discharging the Board and external auditors from liability for the past financial year; appointing members of the Internal Shari’ah Supervisory Committee; and appointing Deloitte as external auditors for 2026. A special resolution was also passed to update the bank’s USD 1.5 billion Sukuk Issuance Programme, including the issuance of sukuk that are non-convertible into shares and rank pari passu or subordinate to the bank's senior debt.

The Board of Directors of Emirates Central Cooling Systems Corporation PJSC (Empower) invites shareholders to the annual general meeting on March 26, 2026, at 11:00 am, both physically at Kempinski The Boulevard Dubai Hotel and electronically. The agenda includes approving the appointment of the meeting secretary and vote collector, reviewing and approving the Board and auditor reports, consolidated financial statements, and a cash dividend distribution. Other items include authorizing interim cash dividends for 2026, approving Board remuneration, discharging Board and auditors from liability, approving variations in audit fees, appointing auditors for 2026, and determining their remuneration. Shareholders can attend or delegate a proxy and must register by March 23, 2026. The meeting requires a quorum of at least 50% share capital representation. If not met, a second meeting is scheduled for April 2, 2026. Shareholders registered by March 25, 2026, can vote, and those holding shares by April 6, 2026, are entitled to dividends. Financial statements and governance reports are available on the DFM and Empower websites.