Latest Threads on News from companies

Gulf Navigation Holding PJSC announced the successful completion of its Mandatory Convertible Bonds (MCBs) subscription, raising over AED 520 million, surpassing the target of AED 500 million. This indicates strong investor confidence in the company's strategic direction and future prospects. The subscription process is officially closed, and there will be no second tranche for major shareholders as the required capital was fully raised in the first tranche. The MCBs will be converted into shares by October 29, 2025, as per the approved terms. The company expressed gratitude to participating shareholders and reaffirmed its commitment to transparency, regulatory compliance, and long-term value creation.

The weekly summary for DFM Regulated Short Sell Transactions from July 7th to July 11th, 2025, reports that Parkin Company P J S C had a short sell trade volume of 500 and a trade value of AED 3,165. For more information on regulated short selling, refer to the DFM Market Rules and Operational Model available on the DFM website. The announcement is also accessible on the DFM website. The document includes a disclaimer stating that the information is subject to change and that DFM is not liable for any losses resulting from the use of the data provided.

Al Firdous PJSC's Board of Directors invites shareholders to the Annual General Assembly Meeting on Friday, November 7, 2025, at 11:00 AM, either in person at Boulevard Plaza Tower 2, Dubai, or remotely. The agenda includes reviewing and approving the Board's and Auditor's reports, the Company's budget, profit and loss statement, and Integrated Report for the financial year ending March 31, 2025. The meeting will also address discharging the Board and Auditors from liability, considering recommendations against dividend distribution and board remuneration, appointing auditors for the next financial year, and appointing Eng. Mohamed Bahaa Khairy Al Qaseer to a vacant Board seat. Shareholders can delegate representatives, subject to conditions, and proxies must be submitted in advance.

The Dubai Financial Market has been notified of an upcoming Board of Directors meeting for Al Sagr National Insurance Company. The meeting is scheduled for Monday, July 14th, 2025, and will be conducted via circulation. The agenda includes reviewing and approving the financials for the first quarter of 2025, restructuring committees formed by the Board of Directors, and discussing any other arising topics. The notification is signed by Abdul Mohsen Jaber, the CEO of Al Sagr National Insurance PSC, and a copy has been sent to the Securities and Commodities Authority.