Latest Threads on News from companies

GFH Financial Group has announced the purchase of 716,000 treasury shares, increasing its total treasury shares from 186,639,864 (4.87% of the total issued shares) to 187,355,864 (4.89% of the total issued shares) as of April 11, 2025. The decision to purchase these shares was made during a board meeting on March 24, 2025, and received approval from the relevant authority on February 16, 2025. The average purchase price was 0.2854 USD per share, representing 0.019% of the issued capital. There are 195,903,519 shares remaining available for purchase. The announcement was signed by Mariam Jowhary, Head of Compliance and AML.

BHM Capital Financial Services P.S.C, a private joint stock company regulated by the Securities and Commodities Authority, announced the expiry of its Liquidity Provision Agreement with RAK Properties PJSC. The agreement, related to shares listed on the Abu Dhabi Securities Exchange, will not be renewed by mutual consent. The announcement was made to Hamed Ahmed Ali, CEO of the Dubai Financial Market, through the EFSAH electronic disclosure system, and was signed by Abdel Hadi Al Sadi, CEO of BHM Capital.

The weekly summary for DFM Regulated Short Sell transactions from April 7th to April 11th, 2025, reports on the trading activities during this period. Specifically, EMAAR Development PJSC saw a short sell trade volume of 100,000 and a trade value of AED 1,155,000. Further details on regulated short selling can be found in the DFM Market Rules and related documentation available on their website. A disclaimer notes that the information is subject to change and DFM is not liable for any losses resulting from the use of this data.

A notification has been issued regarding a meeting of the Board of Directors of Dubai Electricity and Water Authority PJSC (DEWA). The meeting is scheduled to take place on Wednesday, April 16, 2025, at 9:00 AM. The notice is addressed to Mr. Hamed Ahmed Ali, the Chief Executive Officer of Dubai Financial Market, and is signed by Aakash Nijhawan, the Group Head of Investor Relations at DEWA.

Ithmaar Holding B.S.C. has announced that its Board of Directors is collaborating with the major shareholder to develop a plan aimed at improving the company's capital position. This plan may involve a capital injection or other measures and is subject to further review and necessary regulatory approvals. Additional details and the expected financial impact will be disclosed in due course.

On April 10, 2025, the Board of Directors of Dubai Taxi Company P.J.S.C. issued a Board Resolution by Circulation to approve certain internal matters related to the company's business operations. The communication was addressed to Mr. Hamed Ahmed Ali, the Chief Executive Officer of the Dubai Financial Market. The notice was sent by Vicken Khochafian, the Board Secretary and Governance Director, with a copy also sent to the Securities and Commodities Authority.