Latest Threads on News from companies
Threads on regulatory news from companies
Threads on regulatory news from companies
The Islamic Arab Insurance Company – SALAMA has prepared a disclosure form as per the SCA Board of Directors' Decision No. (32/R.M.) of 2019. This decision mandates listed companies to take specific actions if their accumulated losses reach 20% or more of their paid-up capital. As of December 31, 2025, SALAMA's accumulated losses are AED 18,818,138, which is 3.9% of its paid-up capital, significantly below the 20% threshold. These losses are mainly due to the excess cost over the nominal value of treasury shares and cannot be adjusted during a capital reduction. Previous losses from 2023-2024 were due to non-recurring items such as litigation provisions, reinsurance provisions, goodwill impairment, and investment losses, which have since been addressed. The company is compliant with the regulatory requirements and considers the issue of accumulated losses resolved.
The Dubai Financial Market (DFM) announced adjustments to its Equity Futures Contracts for Emirates Central Cooling Systems Corporation PJSC due to a cash dividend payment of AED 4.375 fils per share. The adjustments will take effect on April 3, 2026, which is the Ex-Day for the dividend distribution. The affected futures contracts are EMPWRJ26 for April 2026, EMPWRK26 for May 2026, and EMPWRM26 for June 2026. The price adjustments involve an adjustment ratio of 0.97231. The previous day's settlement prices will be modified using this ratio to determine the variation margins on April 3, 2026, and the adjusted prices will serve as the reference prices for trading on that day. This announcement is available on the DFM website, and the information is subject to change, with the Dubai Financial Market Regulated Derivative Contract Trading Regulation prevailing in case of inconsistencies.
SHUAA Capital p.s.c., a financial investment company based in Dubai and regulated by the U.A.E. Capital Market Authority, has invited its shareholders to the Annual General Assembly Meeting. The meeting is scheduled for Saturday, 25 April 2026, at 1:00 pm at the H Hotel Dubai, with an option for electronic participation. The agenda includes reviewing and approving the Board of Directors' report, the Auditor’s report, the company's balance sheet, and income statement for the financial year ending 31 December 2025. Additionally, the Board's recommendation not to distribute cash dividends for that financial year will be considered.