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Dubai Insurance Company held a Board of Directors meeting on December 23, 2025, at 11:00 am at the company's head office. The agenda included ratifying the minutes of the previous meeting and reviewing ordinary business matters. The communication was addressed to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, and was signed by Sahem Abdel Haq, Head of Legal.
Dubai is advancing its urban planning with a focus on sustainability and smart infrastructure, particularly through the use of district cooling systems. These systems are crucial for the city's vertical expansion, as they efficiently support the development of ultra-high-rise towers while aligning with Dubai's low-carbon economy goals. H.E. Ahmad Bin Shafar, CEO of Empower, highlights the importance of district cooling in Dubai's urban and economic growth, noting that nine of the ten tallest skyscrapers under construction in Dubai will use these systems. This reflects a trend among developers to prioritize sustainable infrastructure solutions, especially given the UAE's climate. Bin Shafar emphasizes that district cooling is essential for achieving energy efficiency and resource sustainability in Dubai's urban development.
The Islamic Arab Insurance Company (SALAMA) is scheduled to hold a Board of Directors meeting on December 25, 2025, at 4:00 PM. The agenda includes considering and ratifying the company's budget for 2026, as well as discussing regular matters and any other business. The notice is signed by Ahmad Abdelrahim, Senior Manager of Legal & Compliance.
Takaful Emarat Insurance (P.S.C) is a public shareholding company based in Dubai, United Arab Emirates, registered under Federal Law No. (48) of 2023. It is listed in the insurance companies register with number 86 since October 14, 2008. The company is led by CEO Adnan Sabaalaish. A board meeting is scheduled for Thursday, December 25, 2025, at 3:00 PM to discuss business updates and other matters. The meeting details were disclosed and signed by the authorized signatory on December 22, 2025.
GFH Financial Group has announced the purchase of 6,082,650 treasury shares, increasing its total treasury shares from 279,214,167 (7.285% of total issued shares) to 285,296,817 (7.444% of total issued shares) as of December 22, 2025. The decision was made by the company's board on March 2, 2025, and received regulatory approval on October 20, 2025. The average purchase price was 0.623, and the purchased shares represent 0.159% of the issued capital. There are 97,962,566 shares remaining for purchase. Mariam Jowhary, Head of Compliance & AML, authorized the announcement.