Latest Threads on News from companies
Threads on regulatory news from companies
Threads on regulatory news from companies
On 23rd May 2024, GFH Financial Group B.S.C. announced the sale of 95,814,846 of its treasury shares, equivalent to 2.5% of its total issued shares, to Mr. Abdulmohsen Rashed Al rashed and Mr. Salah Rashed Alrashed. Following this sale, the total number of treasury shares held by the company will be 187,914,664 shares, representing 4.9% of the company's shares. The announcement was made by Mariam Jowhary, the Head of Compliance & AML at GFH Financial Group B.S.C.
Resolution No. (419) of 2024 concerns the temporary suspension of trading on the shares of Manazel PJSC. This decision, subject to article No. (16) of the regulations concerning the listing of securities on ADX, has been made due to the company's AGM being held at the same time as the trading session at ADX. Therefore, trading in Manazel shares will be suspended from 10:00 on 30-May-2024 until ADX receives the AGM results. The resolution instructs all department heads at ADX to execute this resolution in their respective fields and circulate it to SCA, the concerned company, all departments at ADX, and all brokers accredited by ADX. The resolution was issued on 23/05/2024.
The National Cement Company P S C has sent a letter to Mr. Hamed Ahmed Ali, the CEO of Dubai Financial Market, disclosing a board meeting scheduled for Wednesday, 29/05/2024 at 12:00 PM. The agenda includes approving the minutes of the previous meeting, discussing the company's business, and other related matters. The letter is also copied to the Securities and Commodities Authority.
Presight has signed a Memorandum of Understanding with Dell to accelerate digital transformation and innovation across the Middle East. This collaboration aims to integrate advanced technologies to promote digital transformation and innovation.
On May 23, 2024, GFH Financial Group B.S.C announced the sale of 95,814,846 of its treasury shares, representing 2.5% of its total issued shares. The shares were sold to Mr. Abdulmohsen Rashed Al rashed and Mr. Salah Rashed Alrashed. After the transaction, the total number of treasury shares held by the company is 187,914,664, representing 4.9% of its total issued shares. The announcement was made by Mariam Jowhary, the Head of Compliance & AML at GFH Financial Group.
Abu Dhabi-based sports management company, Palms Sports, has acquired an 80% stake in Yas Physiotherapy Center, a leading musculoskeletal and sports injury treatment and rehabilitation clinic. The acquisition fits into Palms Sports' strategy of diversification and expansion into new sectors. Palms Sports, the world's largest Jiu-Jitsu training provider, views the acquisition as a way to complement its core business, offering more comprehensive services to its stakeholders and partners, and enhancing its portfolio in the healthcare sector.