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Threads on regulatory news from companies
The Board of Directors of Eshraq Investments PJSC held a meeting on March 19, 2024, with all members present. The board approved the company's audited financial statements for the financial year ending December 31, 2023, and the Corporate Governance Report for the same year. They also approved the agenda of the Annual General Assembly of the Company (AGM) and will schedule a meeting date in agreement with the Securities and Commodities Authority. Decisions about internal administrative and organizational matters were also made.
On March 19, 2024, GFH Financial Group B.S.C. announced that it has purchased 4,504,430 of its own shares (treasury shares). This acquisition increases the total holding of treasury shares from 170,452,781 (representing 4.45% of the total issued shares) to 171,182,781 (representing 4.47% of total issued shares). The decision to purchase was made during the company’s board meeting in September 2021, and the authority approved the purchase in March 2024. The shares were purchased at an average price of 8820 USD each. The purchased shares represent 0.118% of the issued capital.
The Arabian Scandinavian Insurance Company, also known as Sukoon Takaful, had a board of directors meeting on 19th March 2024. The meeting was held at the company's head office in Dubai at 12.15 pm, with some participants joining via video conferencing. The main agenda of the meeting was a general review of the company's business. The company's executive chief officer, Mr. Hamed Ahmad Ali, and the deputy CEO for Licensing, Supervision, Enforcement Affairs at the Securities and Commodities Authority, Mrs. Maryam Butti Al Suwaidi, were informed about the meeting.