Latest Threads on News from companies

The GFH Financial Group B.S.C. has announced on 19/05/2024, under trading code GFH, that it is halting the purchase of its treasury shares. The company has decided to stop buying back its shares in order to execute a sale transaction with a strategic buyer. The company stated that there is no expected financial impact from this decision. The announcement was made by Mariam Jowhary, the Head of Compliance & AML.

SHUAA Capital p.s.c., a financial investment company based in Dubai, United Arab Emirates, held a board meeting on 17th May 2024. The board reviewed the company's financial and operational performance for the first quarter of 2024 and the progress of its capital optimization plan. It resolved to issue mandatory convertible bonds (MCBs) of up to AED 367.0 million and AED 275.5 million through private placement, subject to regulatory and shareholder approval. The conversion valuation of the MCBs will be determined by an independent financial advisor.

The Invictus Investment Company PLC has announced a virtual Board of Directors’ meeting on 23rd May 2024 at 3:05pm UAE time. The main agenda of the meeting is to review and possibly approve the issuance of a binding offer to acquire a majority stake in a food manufacturing business in Africa. Additionally, other general business matters with no significant impact on the company's share price will be discussed.

The ADNOC Logistics & Services Sustainability Report 2023 discusses the company's efforts and strategies towards achieving a sustainable and resilient future.

The Abu Dhabi Securities Exchange's Market Operations Surveillance Department has disclosed the results of a Board of Directors meeting for Fujairah Cement Industries (PJSC). The meeting took place on May 20, 2024, with a 91% quorum of the 10 board members present. The board discussed the company's current situation with EY (Ernst & Young), the company's financial advisor, and also addressed normal operational matters. These discussions had no impact on the company's share price.

On 19/05/2024, GFH Financial Group B.S.C. (Trading Code: GFH) announced that it has halted the purchase of its shares (treasury shares). The decision was made for the purpose of executing a sale transaction with a strategic buyer. The expected financial impact of this decision is nil. The announcement was made by Mariam Jowhary, the Head of Compliance & AML at GFH Financial Group.