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Threads on regulatory news from companies
GFH Financial Group B.S.C. announced that it has purchased 1,500,000 treasury shares, increasing its total treasury shares from 194,326,941 (5.07% of total issued shares) to 195,826,941 (5.11% of total issued shares) as of April 17, 2025. The decision to purchase was made by the company's board of directors on March 24, 2025, and approved by the relevant authority on February 16, 2025. The shares were purchased at an average price of 0.2909 USD, representing 0.039% of the issued capital. There are 187,432,442 shares remaining for purchase. The announcement was made by Mariam Jowhary, Head of Compliance and AML.
The Dubai Financial Market (DFM) announced a contract adjustment for SALIK Equity Futures due to a cash dividend payment of AED 0.082645 per share approved by Salik Company PJSC shareholders. Effective April 18, 2025, the adjustment affects three SALIK futures contracts for May, June, and July 2025. The adjustment involves a price adjustment ratio of 0.983795, impacting the previous day's settlement prices. The adjusted prices will serve as the reference prices for trading on April 18, 2025. This announcement, subject to change, is available on the DFM website.
The Dubai Financial Market (DFM) has announced the expiry settlement prices for equity futures contracts expiring in April 2025. The contracts listed include AIRARB, ANSRI, ARMX, DEWA, DEYAAR, DFMGI, DFM, DIB, DIC, DU, EMAAR, EMPWR, EMRDEV, ENBD, GFH, SALIK, and SHUAA, with prices ranging from 0.240 AED to 19.300 AED. The detailed list of contracts, along with their respective series codes, settlement prices, currencies, and contract IDs, is available on the DFM website. The announcement includes a disclaimer stating that the information is subject to change and advises consulting the Dubai Financial Market Regulated Derivative Contract Trading Regulation for official guidance.
On 16th April 2025, a letter was sent to Mr. Hamed Ahmed Ali, the CEO of the Dubai Financial Market, regarding an upcoming earnings call meeting for Emirates NBD Bank (P.J.S.C). The meeting is scheduled for Tuesday, 22nd April 2025, at 2:00 PM, to discuss the financial results for the first quarter ending 31st March 2025. Further details can be found on the Emirates NBD's Investor Relations website. The letter was signed by Dr. Ahmed Saeed Alkhalfawi, the Group Company Secretary of Emirates NBD Bank, with a copy sent to the Securities & Commodities Authority.
Dubai Investments announced an 18% cash dividend, totaling AED 765.36 million, for the financial year ending December 31, 2024, which was approved at the 29th Annual General Meeting on April 16, 2025. The company reported a net profit before tax of AED 1.3 billion for 2024, a 21% increase from the previous year, reflecting its strategic growth and operational excellence. The AGM also approved a new Dividend Distribution Policy. Dubai Investments, established in 1995, is a UAE-based multi-asset investment group with a diverse portfolio in sectors such as real estate, manufacturing, and healthcare, and aims to generate sustainable financial returns and drive growth through strategic investments.