Latest Threads on News from companies

Emirates Driving Company PJSC (ADX: DRIVE), a subsidiary of Multiply Group, has acquired a 51% stake in Excellence Premier Investment LLC, the parent company of Excellence Driving Centre. This acquisition is part of Emirates Driving Company's efforts to expand and enhance its services. Both entities will collaborate to develop advanced training curricula and customized programs to meet diverse user needs. The acquisition aligns with EDC's strategic priorities, including sustainable growth and achieving national and international accreditation for driver education. Khaled Al Shemeili, CEO of Emirates Driving Company, stated that this partnership will help advance their vision of providing top-tier driver education services, increasing shareholder value, and enhancing road safety in the region. Founded in 2020, Excellence Driving Centre is known for its customer-centric approach and modern facilities in Dubai. Emirates Driving Company is recognized for its efficiency, innovation, and commitment to high safety standards in driver education.

On 22 July 2024, the Abu Dhabi Securities Exchange was informed that Emirates Driving Company PJSC has acquired a 51% stake in Excellence Premier Investment LLC, the parent company of Excellence Driving Centre, for AED 153 million. This acquisition is part of Emirates Driving Company's strategy to expand and enhance its services. Excellence Driving Centre, founded in 2020, provides comprehensive vehicle driving education in Dubai through over 20 strategic locations and is known for its customer-centric approach and modern facilities.

On July 21, 2024, GFH Financial Group B.S.C. announced the appointment of 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. This follows shareholder approval from March 26, 2023, and the necessary regulatory approvals have been obtained. SICO and BHM Capital will begin their activities on July 22, 2024. The approval is valid until July 11, 2025, and any extension will require prior regulatory approval. In accordance with Central Bank of Bahrain regulations, SICO and BHM Capital can collectively hold no more than 3% of GFH's total issued shares. The announcement was made by Mariam Jowhary, Head of Compliance and AML.

Easy Lease Motorcycle Rental PSC has scheduled a Board of Directors meeting for Wednesday, July 24, 2024, at 4:00 PM via Microsoft Teams. The agenda includes approving the financial statements for the period ending June 30, 2024, and discussing other business matters.

The text is a formal notification from Gulf Navigation Holding PJSC regarding an upcoming Board of Directors meeting. The meeting is scheduled for Wednesday, 24 July 2024, at 10:00 am. The agenda includes regular matters and any other business of the company. The notification is addressed to H.E. Hamed Ahmed Ali, CEO of Dubai Financial Market, and H.E. Dr. Maryam Buti Al Suwaidi, CEO of the Securities and Commodities Authority, both located in the United Arab Emirates. The letter is signed by Nader Muqbel, the Investor Relations Director of Gulf Navigation Holding PJSC.

The Dubai Financial Market (DFM) issued a weekly summary for Regulated Short Sell (RSS) transactions covering the period from July 15, 2024, to July 19, 2024. During this period, no RSS trades were conducted. For more information on RSS, refer to the DFM Market Rules and related documents available on the DFM website. The announcement can also be found on the DFM's market announcements page. The document includes a disclaimer stating that the information provided is subject to change and that DFM is not liable for any losses resulting from the use of the data.

The document is a formal communication dated July 19, 2023, addressed to H.E Dr. Maryam Buti Al Suwaidi, CEO of the Securities and Commodities Authority, and Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market. The subject of the letter is the list of candidates for filling two vacant positions on the company's Board of Directors. The letter informs that complete applications have been received from the following candidates, all of whom are UAE nationals and are applying as Independent/Non-Executive members: 1. Mr. Fahad Abdulqader Qassim Abdulla Alqassim 2. Mr. Ammar Ali Mohamed Jaber 3. Mr. Helal Mohamed Shabeeb Mohamed Aldaheri 4. Mr. Abdulla Abdulnabi Abdulla Salman Alnuaimi 5. Mr. Adel Saleh Mohamad Abdallah Al Ali