Latest Threads on News from companies

The Dubai Financial Market has been informed by Watania International Holding PJSC that the nomination period for their Board of Directors concluded on April 11, 2025. The Nominations and Remuneration Committee has reviewed and approved the candidates for the Board positions. The election of new Board members will occur during the General Assembly meeting on April 23, 2025. The candidates are Dr. Ali Saeed Sultan Bin Harmal Aldhaheri, a non-executive, non-independent member from the UAE, and Mr. Matar Hamdan Sultan Al Ameri, a non-executive, independent member from the UAE.

Al Salam Bank has launched the 2025 Danat Savings Scheme, the largest in Bahrain's history, with a total prize value exceeding BD 4 million. The scheme includes three grand prizes totaling BD 3 million, with two individual prizes of BD 1 million each and a third prize of BD 1 million shared among ten winners. For the first time, a monthly grand prize of BD 100,000 will be awarded, alongside 50 monthly cash prizes of BD 500 and 50 youth prizes of BD 200 for clients aged 10 to 18. A monthly loyalty prize of BD 1,000 will also be available for Danat Plus account holders. Clients earn draw entries based on their investment amounts, with additional benefits for Danat Plus account holders. The scheme aims to promote saving and investment, offering opportunities to transform clients' lives. Since its inception, the Danat Savings Scheme has awarded over BD 15 million in prizes to more than 8,000 winners, including grand prizes such as luxury villas and gold bars. The 2025 scheme was launched following the announcement of the 2024 grand prize winner to maintain excitement and encourage participation.

The National General Insurance Company (P.J.S.C) held its General Assembly Meeting on Tuesday, April 15, 2025, starting at 4:00 PM and ending at 4:30 PM. The meeting took place at the company's head office and remotely, chaired by Dr. Hamad Mubarek Buamim, with a quorum of 77.32% attendance. Key decisions included the approval of the meeting secretary and vote collector, the Board of Directors' report, the auditor's report, and the financial statements for the year ending December 31, 2024. The assembly also approved a dividend distribution of 45 fils per share, totaling AED 74,227,285, for shareholders registered by April 25, 2025. Additionally, the Board of Directors' remuneration and the discharge of both the Board and external auditors from liability for the financial year 2024 were approved.

The Board of Directors of SHUAA Capital psc has announced an extension of the nomination period for membership on the company's Board of Directors until April 16, 2025. Eligible individuals or shareholders can apply by submitting their applications to the company's management at its head office in Dubai, UAE. Applicants must include a résumé and specify the type of membership they are seeking. The election is for two board members, and candidates must meet the criteria outlined in relevant laws and the company's Articles of Association. Candidates must also provide specific documents and cannot transfer their nomination to another person after the nomination period ends. The company will publish the names and information of candidates on its website and at its main office on April 21, 2025, and will submit the candidate list to the Securities and Commodities Authority and Dubai Financial Market after the nomination period closes.

Al Ramz Corporation Investment and Development PJSC invites its shareholders to the Annual General Assembly Meeting (AGM) on April 15, 2025, at 2:00 PM, either at their headquarters in Abu Dhabi or virtually. The meeting will cover several agenda items, including the approval of reports and financial statements for 2024, decisions on dividends, and the reappointment of external auditors for 2025. Shareholders can attend in person or through a proxy, with specific guidelines for proxy representation and registration. If the required quorum is not met, a second meeting will be held on April 22, 2025. Shareholders will receive invitations via SMS and email, and they can access financial statements and governance reports online. Registration for electronic attendance and voting opens on April 8, 2025.

Agility Public Warehousing Company has scheduled a board of directors meeting for Thursday, April 17, 2025, at 1:00 PM Kuwait Time. The agenda includes reviewing applications for board nominations and discussing a proposal for capital reduction. This information was communicated by Tarek Abdulaziz Sultan Al Essa, Vice Chairman & CEO, to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market.