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Dubai Financial Market News

News Update From Islamic Arab Insurance Company

Disclosure: Financial statements for the year 2024

The document includes the Board of Directors' report, the independent auditor's report, and the consolidated financial statements for Islamic Arab Insurance Co. (Salama) PJSC and its subsidiaries for the year ending December 31, 2024.

1. Attached Document

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Dubai Financial Market News

News Update From Islamic Arab Insurance Company

Disclosure: Results of BOD Meeting

On March 26, 2025, the Islamic Arab Insurance Co. (SALAMA) held a board meeting attended by six members via modern technology. During the meeting, the members approved the agenda for the Annual General Assembly Meeting for the year ended 2024, pending approvals from the CBUAE and SCA. They also approved the audited financial results for the fiscal year ending December 31, 2024, and recommended the adoption of the Board of Directors' remuneration and fees for 2024 to the General Assembly of Shareholders. Additionally, they proposed the appointment of the company's external auditors for 2025 and considered the Corporate Governance report for 2024. The board also discussed recommending the appointment of members to the Internal Sharia Supervision Committee, subject to Central Bank approval, and addressed regular matters and other business. The meeting was authorized by board secretary Motaz Kraishan.

1. Attached Document

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News Update From Drake & Scull International P.J.S.C

Disclosure: Results of BOD Meeting

On March 26, 2025, the Board of Directors of Drake & Scull International PJSC held its second meeting of the year. The board approved the previous meeting's minutes, the audited financial results for 2024, and the company's Board of Directors report for 2024. Additionally, they agreed to call the Annual General Assembly meeting, coordinating with the Securities and Commodities Authority to set its agenda.

1. Attached Document

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Dubai Financial Market News

News Update From Agility The Public Warehousing Company (K.S.C.)

Disclosure: Notification from the company

1. Attached Document

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Dubai Financial Market News

News Update From GFH Financial Group B.S.C.

Disclosure: Post share buyback announcement

GFH Financial Group announced the purchase of 1,045,000 treasury shares, increasing its total treasury shares from 165,048,547 (4.31% of total issued shares) to 166,093,547 (4.33% of total issued shares) as of March 26, 2025. The decision was made during a board meeting on March 24, 2025, with regulatory approval received on February 16, 2025. The average purchase price was 2200.3 USD per share. The remaining shares available for purchase total 17,165,836. The announcement was made by Mariam Jowhary, Head of Compliance & AML.

1. Attached Document

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Dubai Financial Market News

News Update From National International Holding Company

Disclosure: Results of BOD Meeting

1. Attached Document

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Dubai Financial Market News

News Update From National International Holding Company

Disclosure: Financial statements for the year 2024

1. Attached Document

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Dubai Financial Market News

News Update From Ithmaar Holding B.S.C

Disclosure: Board of Directors Election Results

Ithmaar Holding B.S.C. announced the results of its Board of Directors election held during the Ordinary General Meeting on March 26, 2025, in Bahrain. The elected members by shareholder secret ballot are HRH Prince Amr Mohammed Al Faisal Al Saud (Non-Executive), Tunku Yaacob Khyra (Independent), Dr. Amani Khaled Bouresli (Independent), and Ms. Elham Ebrahim Hasan (Independent). Additionally, major shareholders appointed Sheikh Mohamed Abdullah El Khereiji (Non-Executive) and Mr. Juma Hasan Abul (Executive) in accordance with the Commercial Companies Law.

1. Attached Document

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News Update From Ithmaar Holding B.S.C

Disclosure: Resolutions of General Assembly

Ithmaar Holding B.S.C held its Annual General Meeting on March 26, 2025, achieving a quorum of 52.48%. The meeting approved several agenda items, including the minutes from the previous meeting, the Directors’ Report, the Sharia Supervisory Board’s Report, and the External Auditors’ Report for the financial year ending December 31, 2024. The company's consolidated financial statements for the same period were also approved. Additionally, the allocation of USD 1,046,000 to statutory reserves and USD 9,413,000 to accumulated losses was sanctioned, pending regulatory approvals. Transactions with related parties were reported, and the Board’s Corporate Governance report and compliance with regulatory requirements were approved. The Board of Directors was discharged from liability for the year 2024. The meeting also involved the election and appointment of new Board members and Sharia Supervisory Board members for the period 2025-2028. The benefits and remuneration of the Sharia Supervisory Board for 2025 were approved, and the appointment of external auditors for 2025 was authorized, subject to regulatory approval. Other matters were addressed as per Article 207 of the Bahrain Commercial Companies Law.

1. Attached Document

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News Update From Deyaar Development PJSC

Disclosure: Integrated report for the year 2024

1. Attached Document

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