Latest Threads on News from companies

The Board of Directors of Emirates Investment Bank PJSC invites shareholders to a General Meeting on Thursday, June 19, 2025, at 11:30 AM at the Bank's head office in Dubai, or via Zoom. The meeting's agenda includes electing a new Board member to fill a vacancy, pending approval from the UAE Central Bank. Shareholders may delegate a proxy to attend, with restrictions on who can be delegated and the percentage of capital they can represent. Legal entities can appoint a representative through a board resolution. The meeting requires a quorum of shareholders representing at least 50% of the Bank's capital. If this quorum is not met, a second meeting will be held on June 26, 2025. Shareholders registered by June 18, 2025, can vote. Relevant documents and reports are available on the Bank's and Market's websites.

The Board of Directors of Gulf Navigation Holding PJSC has issued a Shareholders' Circular to inform eligible shareholders about the issuance of mandatory convertible bonds. These bonds will be convertible into shares at a specified issue price and will be offered to the eligible shareholders of the company.

Taaleem Holdings PJSC, a prominent provider of K-12 education in the UAE, has agreed to acquire a 95% stake in Kids First Group Limited (KFG), a leading early-learning education provider in the GCC. The acquisition will be financed through a combination of equity and debt and is expected to be completed by the fourth quarter of Taaleem’s 2024/25 financial year, pending regulatory approvals. KFG operates 34 nurseries across Dubai, Abu Dhabi, and Doha, serving over 5,000 students with various curricula. This acquisition allows Taaleem to expand into the early-learning sector and enhance its value and earnings profile. KFG will continue to operate as a standalone unit within Taaleem, with its founder retaining a 5% stake and continuing as CEO. The current management team will remain in place to leverage their expertise. This move aligns with Taaleem’s strategy of providing scalable, high-quality education in the region.

Al Salam Bank recently hosted its third Sharia Forum in Manama, Bahrain, aimed at enhancing communication and integration among professionals in the Islamic banking sector. The forum gathered experts and specialists to discuss compliance and accounting issues, reflecting the bank's commitment to supporting the Islamic banking industry. The event provided a platform for professionals to exchange insights and address developments and challenges in the sector, contributing to the advancement of professional standards and practices in line with Sharia principles. This year's forum featured panel discussions and workshops centered on Sharia audits of financial statements in Islamic financial institutions. Mr. Eihab Ahmed, Deputy CEO of Corporate Affairs at Al Salam Bank, emphasized the bank's dedication to supporting Sharia professionals and enhancing governance frameworks. The forum builds on previous editions that addressed key topics in Sharia compliance and positions Al Salam Bank as a leader in the field. Through this initiative, the bank aims to advance the Islamic banking industry and empower national talents to meet evolving Sharia requirements.