Latest Threads on News from companies

A meeting for Amlak Finance PJSC is scheduled for Tuesday, 19 March 2024, starting at 3:00 PM. The agenda includes the adoption of the financial statements for the year ended 31 December 2023, calling for the Annual General Meeting, and discussing normal business activities and updates. The authorized signatory for the meeting is Lama Takieddin, the Head of Corporate Governance & Company Secretary.

The National General Insurance Company (Public Joint-Stock Company) will hold its Annual General Assembly Meeting on April 4, 2024, at the Commercial Bank of Dubai's head office and online. The agenda includes approving the Board of Directors’ and Auditor’s reports for the fiscal year ended on December 31, 2023, discussing the company's financial statements, considering a dividend distribution proposal of 35% per share, and deciding on the remuneration of board members. The meeting will also decide whether to discharge or retain board members and auditors, and appoint auditors for 2024. Shareholders can register electronically and vote online during the meeting. The meeting can also be attended remotely, and shareholders can delegate someone to attend and vote on their behalf.

Al Salam Bank has partnered with food delivery platform talabat to offer exclusive discounts to its clients during the holy month of Ramadan, from 11 March to 10 April. The bank will offer instant discounts to its Visa Credit and Prepaid cardholders for their Ramadan and Eid purchases made on talabat. The discount is 30% for orders of BD 10 or more, capped at BD 3, with a card usage limit of four times during the offer period. The bank's Head of Retail Banking, Mohammed Buhijji, said the initiative aligns with the bank's commitment to supporting the social and financial wellbeing of its community. The offer does not include transactions made through Apple Pay and Samsung Pay.

The National Corporation for Tourism & Hotels (NCTH) has expanded its hotel portfolio through the acquisition of Alpha Dhabi Holding's hotel businesses, including ADH Hospitality, Murban (BVI) Holding Inc., and Hill View Resorts. The transaction adds luxury resorts in Abu Dhabi, the Maldives, and the Seychelles to NCTH's portfolio, strengthening its position in the luxury hotels and hospitality markets. Alpha Dhabi, which holds a 36.4% share in NCTH, has also bolstered its position in the sector. The deal is subject to regulatory approvals.

Modon Properties, a part of Q Holdings, has announced the first phases of its luxury freehold residences on Hudayriyat Island. The development includes two communities, Nawayef and Al Naseem, featuring a variety of property types with panoramic views of the Abu Dhabi skyline and waterfront. The project is in line with Abu Dhabi's strategic vision of urban expansion and boosting the city's global appeal. Nawayef, inspired by Newport Hills, California, features villas with views of the Abu Dhabi skyline and the Arabian Gulf. Al Naseem is a low-density, family-oriented community with amenities including a country club, gym, spa, and mosque. The properties are open to buyers of all nationalities.

Eshraq Investments PJSC has announced a Board of Directors' meeting scheduled for March 19, 2024, to be conducted via video and audio conference call. The agenda includes approval of the audited financial statements for the year ending on December 31, 2023, discussion and proposal for the appointment of external auditors for 2024, approval of the Annual General Assembly's agenda, and discussion of other general business matters. The information was disclosed by Mohammad Al Bazaieh, the Corporate/Board Secretary.

The GFH Financial Group has announced that it has purchased 40,163,773 of its own shares (treasury shares). This acquisition increases the total holding of treasury shares from 108,029,833 (representing 2.82% of the total issued shares) to 148,193,606 (representing 3.87% of the total issued shares) as of 14th March 2024. The decision to purchase the shares was taken in a company board of directors meeting in September 2021, and the purchase was approved by the authority in March 2024. The average purchase price was USD 9420. The purchased shares represent 1.048% of the issued capital.