Latest Threads on News from companies

On May 31, 2024, the Abu Dhabi Securities Exchange (ADX) received a notice from the Abu Dhabi National Insurance Company PJSC regarding the resignation of Mr. Yousuf Amin, who served as the Executive Vice President & Chief Operational Services and Technology Officer. This resignation will take effect on July 21, 2024, in accordance with Article 33 of the SCA Board of Directors’ Decision No. 3 of 2000, which pertains to the Regulation of Disclosure and Transparency. The notice was signed by Charalampos Mylonas, the Chief Executive Officer.

GFH Financial Group B.S.C. announced the purchase of 11,949,000 treasury shares, increasing its total treasury shares from 187,914,664 (4.90% of total issued shares) to 199,863,664 (5.21% of total issued shares) as of May 30, 2024. The board of directors decided on the purchase on March 24, 2024, and it was approved by the relevant authority on May 29, 2024. The average purchase price was 0.2989 USD per share, and the purchased shares represent 0.312% of the issued capital. There are 183,395,719 shares remaining for purchase. The announcement was signed by Mariam Jowhary, Head of Compliance & AML.

Dubai Islamic Insurance & Reinsurance Company (AMAN) (P.J.S.C) has released its unaudited condensed interim consolidated financial information for the three-month period ending 31 March 2024.

The Board of Directors of Dubai Refreshment PJSC has appointed Mrs. Farida Mohammad Rafi as an independent member of the Board, effective immediately, as per a decision made on May 30, 2024. This information was communicated to Mr. Hamed Ahmed Ali, CEO of Dubai Financial Market, by Mr. Tarek El Sakka, CEO of Dubai Refreshment PJSC.

BHM Capital Financial Services PJSC, a private joint stock company regulated by the Securities and Commodities Authority (SCA), announced the expiry of its Liquidity Provision Agreement with Al Ansari Financial Services PJSC, effective June 28, 2024. The agreement will not be renewed, and BHM Capital will fulfill its obligations until the specified date. The announcement was submitted to the Dubai Financial Market through the EFSAH System.

On May 30, 2024, Mr. Hamed Ahmed Ali, the CEO of the Dubai Financial Market, was informed about an upcoming board meeting of the National Cement Company P.S.C. The meeting is scheduled for Tuesday, June 4, 2024, at 12:30 PM. The agenda includes the approval of the minutes from the previous meeting, discussing the company's business, and other related matters. The notification was sent by Mohammed Abdulla Ahmed Al Ghurair, the General Manager of the National Cement Company, with a copy also sent to the Securities and Commodities Authority.