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Al Ansari Exchange, UAE's largest remittance and foreign exchange company, has announced a partnership with Al Etihad Payments (AEP), a subsidiary of the Central Bank of the UAE (CBUAE). The collaboration will integrate Aani, an instant payment platform developed by AEP, into Al Ansari Exchange's services. The partnership will allow Al Ansari Exchange's customers to make instant digital payments, including money transfers, bill settlements and peer-to-peer payments through mobile numbers, email or QR codes. Aani also offers advanced payment technologies such as Proxy Payments, QR-code-based payments, Request to Pay and Split Bills. The initiative aims to drive financial inclusivity and innovation in the region.

The Dubai Financial Market (DFM) has announced new margin parameters for various underlying assets, effective from 15-Apr-2024. The base margins range from 5% to 16%, with the base margin per contract varying between AED 2 and AED 2119, or USD 786 for OMOIL. The spread margin per contract ranges from 1 to 424. The methodology for margin calculation and types of eligible margin are detailed in the Derivatives Clearing Guidelines and Procedures on the Dubai Clear website. This announcement is available on the DFM website. The information is subject to change and should not replace the relevant DFM Regulated Derivative Contract Trading Regulation.

Ithmaar Holding B.S.C. has announced to the Bahrain Bourse and Dubai Financial Market that they are in ongoing discussions with GFH Financial Group B.S.C. about the acquisition of Ithmaar’s financing and investment portfolios. The finalization and agreement on the transaction structure is currently in progress and is subject to due diligence and regulatory approvals. Shareholders will be regularly updated about any further developments. The impact on the financial position will be disclosed in due course.

On 07/04/2024, GFH Financial Group B.S.C. announced that it is in ongoing discussions with Ithmaar Holding B.S.C. to acquire Ithmaar’s financing and investment portfolios. The transaction structure is still being finalized and agreed upon, and is subject to due diligence and regulatory approvals. The Group expects the transaction to have a positive and significant impact on its financials and increase its returns. Shareholders will be regularly updated on further developments.

The Abu Dhabi Securities Exchange has announced a change in the registry closing date for distributing cash dividends for the second half of the financial year 2023 of Borouge PLC. The original date coincided with the third day of Eid Al Fitr, a public holiday, so the new registry closing date has been set for 15 April 2024. A copy of this announcement has been sent to the Securities and Commodities Authority.