Latest Threads on News from companies
Threads on regulatory news from companies
Aramex, a global logistics and transportation company, announced the resignation of its Group CEO, Othman Al-Jeda, who stepped down for personal reasons after 31 years with the company. The Board of Directors has appointed Nicolas Sibuet, the Chief Financial Officer, as Acting Group CEO effective April 24, 2025. Chairman Captain Mohamed Juma Alshamsi expressed gratitude for Al-Jeda's leadership and contributions. Sibuet, who joined Aramex in January 2022, brings 30 years of industry experience and is expected to lead the company through its next growth phase. Al-Jeda expressed confidence in Sibuet's leadership, while Sibuet thanked the Board for their trust and acknowledged Al-Jeda's impact on the company. Aramex, founded in 1982 and listed on the Dubai Financial Market, operates in over 600 cities across 70 countries, offering a range of logistics services. Sustainability is a key focus of the company's mission.
On April 23, 2025, the Board of Directors of Aramex PJSC issued a resolution by circulation approving the resignation of the Group Chief Executive Officer, Mr. Othman Al-Jeda, effective April 24, 2025. They also approved the appointment of Mr. Nicolas Sibuet as the Acting Group Chief Executive Officer, effective the same date. The resolution was signed by Amanda Dahdah, the Governance Officer and Board Secretary.
GFH Financial Group B.S.C. announced the purchase of 200,000 treasury shares, increasing its total treasury shares from 197,546,941 (5.15% of issued shares) to 197,746,941 (5.16% of issued shares) as of April 23, 2025. The board of directors made the purchase decision on March 24, 2024, and received approval from the authority on February 16, 2025. The purchase was completed on April 23, 2025, with an average price of 2.9100 USD per share. The company still has 12,442,518 shares remaining for purchase. The announcement was made by Mariam Jowhary, Head of Compliance & AML.
The General Assembly Meeting of Watania International Holding (PJSC) took place on Wednesday, 23 April 2025, from 2:00 PM to 2:45 PM at the 13th Floor, Building 2, The Galleries, Jebel Ali Downtown, Dubai, UAE, and via electronic means. Dr. Ali Saeed Bin Harmal Aldhaheri chaired the meeting. The quorum was 80.02%, with all attendance being through proxy and electronic voting. The assembly approved the Board of Directors' report on the company's activities and financial position, the Auditor's report, and the company's balance sheet and profit and loss account for the fiscal year ending 31st December 2024.
Al Salam Bank-Sudan, a public limited company, has released its unaudited financial statements for the three-month period ending on March 31, 2025.
The Dubai Financial Market announced the expiry settlement price for Micro GME Oman Crude Oil Futures contracts expiring in April 2025. The contract, identified by the series code OMOIL M25 and the contract ID OIL230425001, has a settlement price of 69.95 USD. This information is available on the Dubai Financial Market's website. The document includes a disclaimer noting that the information is subject to change and advises referring to the Dubai Financial Market Regulated Derivative Contract Trading Regulation in case of discrepancies.