Latest Threads on News from companies

GFH Financial Group announced on 22 March 2024 that it has acquired an additional 16,091,447 of its own shares (treasury shares), increasing its total treasury shares from 207,492,614 (5.41% of total issued shares) to 223,584,061 (5.83% of total issued shares). The decision to purchase was taken in a board meeting in September 2021, with authority approval given in March 2024. The shares were purchased at an average price of USD 0.0300.

The Board of Directors of United Foods Company (PJSC) is inviting shareholders to attend a general assembly meeting on April 17, 2024, at the company's main office or via a visual communication app. The agenda includes reviewing and approving the company's activities, financial position, and auditors' report for 2023, discussing the proposals for cash dividends totaling 18,150,000 UAE Dirhams, considering the discharge or dismissal of directors and auditors, approving board members' remunerations, and appointing external auditors for 2024. A special resolution will be discussed regarding Modern Bakery (LLC), a client worth approximately AED 125,000 per month. Shareholders are also reminded to update their contact details with Dubai Financial Market for dividend receipt.

The text refers to the consolidated financial statements of Sharjah Cement & Industrial Development Co. (PJSC) and its subsidiary as of December 31, 2023.

Resolution No. 343 of 2024 temporarily suspends trading of Sudatel Telecommunications Group Company Limited shares on the ADX. The suspension is due to a Board of Directors meeting scheduled for 13:00 on 26-Mar-2024, which coincides with the trading session at ADX. Trading will be suspended from 09:00 on 26-Mar-2024 until ADX receives the meeting results. The resolution instructs all department heads in ADX to execute this resolution in their respective fields and circulate it to SCA, the concerned company, all departments at ADX, and all brokers accredited by ADX. The resolution was issued on 22/03/2024.

Resolution No. 342 of 2024 announces the temporary suspension of trading on the shares of DANA GAS PJSC. The suspension is due to coincide with the company's AGM, scheduled for 11:00 on 17-Apr-2024, which overlaps with the trading session at ADX. Trading will be halted from 09:00 on 17-Apr-2024 until ADX receives the AGM results. All department heads in ADX are required to implement this resolution in their respective fields. The resolution will be circulated to SCA, the concerned company, all departments at ADX, and all brokers accredited by ADX. The resolution has been approved by the authorized person and was issued on 22/03/2024.