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Threads on regulatory news from companies
Takaful Emarat - Insurance PSC has appointed BHM Capital Financial Services PSC as a Liquidity Provider for its shares listed on the Dubai Financial Market. This appointment follows the necessary approval from the Dubai Financial Market. The liquidity provision activity for Takaful Emarat's shares is set to begin on April 25, 2025.
The Board of Directors meeting for Watania International Holding (PJSC) is scheduled for Tuesday, April 29, 2025, at 2:00 PM. The agenda includes the election of the Chairman and Vice Chairman, the constitution and appointment of board committees, the appointment of the Board Secretary, and routine business discussions. The authorized signatory is Nawal Ma’ally, the Board Secretary, with the document signed and dated April 24, 2025.
GFH Financial Group announced the purchase of 100,000 treasury shares, increasing its total treasury shares from 197,746,941 to 197,846,941, maintaining a 5.16% share of the total issued shares as of April 24, 2025. The decision to purchase was made by the company's board on March 24, 2024, and approved by the relevant authority on February 16, 2025. The purchase was completed on April 24, 2025, at an average price of 2.0889 USD per share. The percentage of shares purchased from the issued capital was 0.003%. There are 12,442,518 shares remaining for purchase. Mariam Jowhary, Head of Compliance & AML, is the contact person for this announcement.
Takaful Emarat, a company listed on the Dubai Financial Market, has appointed BHM Capital as its liquidity provider. This partnership aims to enhance the stability and attractiveness of Takaful Emarat's shares, supporting the company's expansion and sustainable growth. BHM Capital will improve the liquidity of Takaful Emarat shares by managing bid and ask orders, which will help stabilize the share price and facilitate trading for investors. The collaboration aligns with BHM Capital's strategy to support national companies and enhance market efficiency. BHM Capital is a prominent financial institution in the UAE, known for its financial technology and services for individual and corporate investors.