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The Board of Directors of Dubai Taxi Company P.J.S.C. issued a Board Resolution by Circulation on March 26, 2025, concerning the approval of internal matters that do not affect the company's share price. This information was communicated to Mr. Hamed Ahmed Ali, the CEO of Dubai Financial Market. The correspondence was signed by Vicken Khochafian, the Board Secretary and Governance Director, and a copy was sent to the Securities and Commodities Authority.
Sukoon Insurance PJSC has announced that its Board of Directors will pass a resolution by circulation on March 28, 2025, at 9:00 am. The agenda includes increasing the authorized share capital of Sukoon Workplace Savings Solutions Limited by USD 2 million, raising it from USD 2 million to USD 4 million, and increasing the paid-up share capital by USD 500,000, raising it from USD 2 million to USD 2.5 million. Additionally, there will be amendments to the Articles of Association to reflect these changes, with the Board authorized to implement the amendments. The notification was addressed to Mr. Hamed Ahmad Ali, Executive Chief Officer of the Dubai Financial Market, and a copy was sent to Mrs. Maryam Butti Al Suwaidi, Deputy CEO of the Securities and Commodities Authority.
BHM Capital, a prominent financial institution in the UAE, reported strong financial performance for 2024, marked by an 18.95% rise in total revenue to AED 162.63 million and an 18.84% increase in net profit to AED 37.48 million. This growth was driven by expanded financial services and increased trading activity. The company also saw a 7% rise in trading volume to AED 33.03 billion and a 16.35% increase in shareholders' equity to AED 263.44 million. Notably, new client acquisitions surged by 379.61%, with 33,563 new accounts, and the active client base grew by 39.99% to 26,472. CEO Abdel Hadi Al Sa’di attributed the success to the company's commitment to innovation and digital transformation, enhancing its competitive edge and solidifying its market position.