Latest Threads on News from companies
Threads on regulatory news from companies
The Dubai Financial Market (DFM) has announced the speaker lineup and agenda for the 3rd MENA Capital Market Summit, scheduled for May 6-7, 2025, at Madinat Jumeirah, Dubai. This event will gather over 1,500 participants, more than 100 global speakers, and 200 industry partners to discuss trends affecting global and regional capital markets. Key topics include the impact of technology on market infrastructure, IPO trends, cross-border capital flows, the rise of retail investors, and private market transformations. Notable speakers include H.E. Helal Saeed Almarri, Ken Robins, Richard Cormack, Simon Williams, and Lord Stephen A. Carter. The summit will feature keynote speeches, panel discussions, and sector-specific sessions. It aims to enhance collaboration, policy dialogue, and investment ties, contributing to Dubai's status as a global financial hub. A new feature, The Hub, will offer practical engagement opportunities, including partner presentations, fireside chats, and demonstrations of DFM’s investor platforms.
BHM Capital Financial Services P.S.C, a private joint stock company regulated by the Securities and Commodities Authority, held its General Assembly Meeting online on April 21, 2025, from 11:00 AM to 12:10 PM. The meeting was chaired by Sheikh Dr. Ammar Nasser Almualla, with a quorum of 72.62% attendance through electronic voting. The assembly resolved to approve the Board of Directors' report, the external auditor’s report, the balance sheet, and the profit and loss account for the fiscal year ending December 31, 2024. Additionally, the members of the Board of Directors and the external auditor were discharged from liability for the same fiscal year.
Mashreqbank PSC has scheduled a Board of Directors meeting on April 30, 2025, at 11:00 am. The agenda includes approving the minutes from the previous meeting on January 30, 2025, approving the bank's financial statements for the first quarter ending March 31, 2025, discussing normal business activities, and addressing any other business matters. The notice is signed by Shaima Al Obeidli, Head of Corporate Governance & Group Company Secretary, with a copy sent to the Securities & Commodities Authority.
Shuaa Capital PSC, a licensed financial investment company regulated by the Securities and Commodities Authority under license number 630307 and commercial license number 200219, has released a final list of candidates for its Board of Directors. The candidates are Mr. Ahmed Abdul Rahman Jamshir, Mr. Fahad Abdul Qader Al Qassim, and Mr. Ahmed Khalifa Al Qubaisi, all of whom are independent, non-executive members. This list will be published on the company's website and presented during the general assembly meeting. The announcement is addressed to Mr. Hamad Ahmed Ali, CEO of the Dubai Financial Market.
Union Properties PJSC invites shareholders to its Annual General Assembly Meeting on April 9, 2025, at the Ritz Carlton Hotel in Dubai and virtually. The agenda includes authorizing the appointment of the meeting's secretary and vote collector, reviewing reports from the Board of Directors, CEO, and auditors, discussing the company's financial performance, and considering a capital reduction plan. Shareholders will also discuss losses, potential auditor and director liability, board remuneration, and the appointment of new auditors. Special resolutions regarding capital reduction are proposed, with alternatives depending on shareholder approval. Shareholders can register to attend and vote electronically, appoint proxies, and access reports via the company's website. A quorum of 50% is required for the meeting to be valid, with a second meeting scheduled if necessary.
Emirates NBD reported a 56% increase in profit before tax, reaching AED 7.8 billion, driven by strong loan growth and an improved deposit mix, resulting in an 11% year-on-year income increase. The bank's assets exceeded AED 1 trillion, supported by significant loan and deposit growth in a robust regional economy. Deposits rose by 5%, with a record AED 27 billion increase in low-cost Current and Savings Accounts, while loans grew by AED 18 billion in the first quarter of 2025, with more than half from the international network. Emirates Islamic achieved quarterly profitability exceeding AED 1 billion for the first time, underscoring its position as a leading Islamic bank in the UAE. The growing affluent population in the region boosted Assets Under Management to USD 50 billion, highlighting Emirates NBD's focus on Wealth Management and new products. Strategic investments in the Group's regional presence, digital capabilities, and GenAI are contributing to income, mitigating the effects of lower interest rates. Key highlights for Q1 2025 include a 56% increase in profit before tax due to significant loan growth from regional expansion, a low-cost funding base, and strong transaction volumes. Total income rose by 5% to AED 11.9 billion. Loans grew by 3.5% in Q1 2025, with AED 18 billion in lending, and deposits increased by AED 31 billion, including a record AED 27 billion in Current and Savings Accounts. The impaired loan ratio improved to 3.1% due to impressive recoveries, and Emirates Islamic's quarterly profit exceeded AED 1 billion for the first time. Other financial metrics include a net profit of AED 6.2 billion, expenses of AED 3.7 billion, a net interest margin of 3.58%, a cost-to-income ratio of 30.9%, a non-performing loan ratio of 3.1%, and a CET-1 ratio of 14.7%.