Latest Threads on News from companies
Threads on regulatory news from companies
Threads on regulatory news from companies
Al Salam Bank, in partnership with Solidarity Bahrain, has launched a new multi-year motor Takaful insurance product for the first time in Bahrain. This Sharia-compliant insurance offers coverage for up to seven years with flexible payment options, including installments, cash, and "Buy Now Pay Later." The first 30 clients to issue a new policy by September 30, 2024, will receive BD 50. Mr. Mohammed Buhijji, Head of Retail Banking at Al Salam Bank, highlighted the product's benefits, including ease of mind, special discounts, and a seamless banking experience. The fixed-cost coverage remains consistent even in the event of claims, and the insurance amount is lower than annual renewal policies. For more information, visit the bank's website or contact them via WhatsApp or Skiplino.
BHM Capital has been appointed as the liquidity provider for GFH Financial Group B.S.C shares on the Dubai Financial Market (DFM) and Abu Dhabi Securities Exchange (ADX). This partnership aims to enhance the liquidity of GFH shares, ensuring greater price stability and more efficient transactions for both individual and institutional investors. BHM Capital will provide liquidity by entering two-way daily quotes into the trading systems in compliance with regulations. Abdel Hadi Al Sa’di, CEO of BHM Capital, emphasized that this role underscores their commitment to market access and financial solutions, aiming to support market efficiency and investor confidence. BHM Capital is a leading financial institution in the UAE, known for its services to individual and corporate investors and its leadership in financial technology.
On 22 July 2024, Mr. Hamed Ahmed Ali, the Chief Executive Officer of the Dubai Financial Market, was informed that Dubai Taxi Company PJSC will hold an earnings call on Friday, 26 July 2024, at 10:00 AM to discuss the financial results for the second quarter of 2024. The presentation for the meeting will be available on the company's website prior to the meeting. The announcement was made by Rami Mohammad Al Banna, Head of Investor Relations, and a copy was sent to the Securities and Commodities Authority.
The Board of Directors of Dubai Taxi Company P.J.S.C. will hold a meeting on Thursday, July 25, 2024, at 3:00 PM at the company's headquarters. The agenda includes discussions and approvals on the following items: 1. Financial results for the first half of the fiscal year 2024. 2. Distribution of cash dividends for the first half of the fiscal year 2024, as authorized by the shareholders during the AGM on March 28, 2024, in accordance with the company's articles of association and dividend policy. 3. Other operational and internal matters. Best Regards, Vicken Khochafian Board Secretary CC: Securities and Commodities Authority
The Board of Directors of Islamic Arab Insurance Company (SALAMA) invites shareholders to attend the General Assembly meeting on Monday, July 22, 2024, at 3:00 PM. The meeting will be held at the company's headquarters in Dubai or via remote presence technology, including video participation and electronic voting. The agenda includes: 1. Electing two new Board Members to fill vacant seats until April 2026. 2. Discharging the resigned Board Members, H.E. Saeed Mubarak AlHajeri and H.E. Mohammed bin Abdulaziz AlShehhi, from liability. 3. Approving the appointment of Mr. Mohammed Alhashmi as a new Board Member, replacing Mr. Ajit Joshi, who resigned on March 11, 2024. Mr. Alhashmi will serve until April 2026. Shareholders will receive the meeting link via email, text messages, and the Dubai Financial Market website.
GFH Financial Group B.S.C. announced on 21st July 2024 that it has received the necessary regulatory approvals to appoint SICO as the Market Maker for its shares listed on the Bahrain Bourse and BHM Capital as the Liquidity Provider for its shares listed on the Dubai Financial Market and Abu Dhabi Securities Exchange. These activities will commence on 22nd July 2024. The approval is valid until 11th July 2025, and any extension will require prior regulatory approval. In accordance with the Central Bank of Bahrain's regulations, SICO and BHM Capital can collectively hold no more than 3% of the total issued shares of GFH. The announcement was signed by Mariam Jowhary, Head of Compliance & AML.