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Emaar Development PJSC has announced the commencement of nominations for its Board of Directors. The nomination period will run from February 27, 2026, to March 9, 2026. Interested candidates who meet the eligibility criteria can apply by submitting an electronic application with a brief biography and specifying the desired category of directorship (executive, non-executive, independent, or non-independent) via email. The application form is available on the company's website. Seven directors will be elected, and the nomination process must comply with relevant laws and guidelines. After the nomination period, candidates cannot transfer their nomination to others. The names of the nominees will be published on the company's notice board and website by March 10, 2026, and the list will also be shared with the Capital Market Authority and Dubai Financial Market.
Nasdaq Dubai has listed Mashreq's USD 500 million Additional Tier 1 (AT1) bond issuance, marking the first UAE bank capital transaction of 2026. The issuance attracted significant investor interest, with an orderbook peaking at USD 2.1 billion, and was geographically diverse, with 67% of demand from the MENA region, 22% from Europe, and 8% from Asia. The bonds were rated A3 by Moody’s and A by S&P and Fitch, all with a stable outlook, and were priced at a 6.25% annual coupon. This transaction strengthens Mashreq's Tier 1 capital position and reflects investor confidence in the bank's credit fundamentals. It also underscores the growing momentum in the regional fixed income markets and highlights Nasdaq Dubai's role as a leading hub for such instruments. The listing was marked by a bell-ringing ceremony attended by key representatives from Mashreq and Nasdaq Dubai.
On February 26, 2026, Aramex PJSC announced its acquisition of 100% of the shares of Hawthorne Logistics Solutions Limited, an Ireland-based freight forwarder and logistics company. The acquisition, valued at EUR 2,500,000 with a potential earnout of up to EUR 1,750,000, aligns with Aramex's strategy to expand its cross-border operations and enhance its freight services. The acquisition is expected to bring operational synergies, improved efficiencies, and cross-selling opportunities. The sellers are individuals Martin Cunningham and Terrance John Allen, and the purchaser is Aramex Ireland Limited. The transaction is not associated with related parties and is entirely equity-financed, with payments to the sellers scheduled for the closing date and potentially at future dates as per the Sale Purchase Agreement. The transaction was executed and closed on February 26, 2026.
The board meeting of Taaleem Holdings PJSC took place on Thursday, 26 February 2026, from 3:00 PM to 5:00 PM. All nine board members were present, achieving a quorum of 100%. The meeting involved discussing routine business issues and following up on the company's activities. The authorized signatory for the meeting was Alan Williamson, the CEO.