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GFH Financial Group B.S.C. has announced a Board of Directors meeting scheduled for Wednesday, 13 August 2025, at 2 p.m. Bahrain time. The agenda includes discussing the financial results for the second quarter of 2025 and other internal matters. The announcement was made by Mariam Jowhary, Head of Compliance and AML.
Al Salam Bank has launched a comprehensive auto financing package in collaboration with BYD, a leader in New Energy Vehicle manufacturing. This offer, available until December 31, 2025, provides financing for BYD vehicles powered by renewable energy. The package includes benefits such as special pricing for all models, a three-year service package, one-year registration fees, an eight-year or 200,000-kilometer battery warranty, a six-year or 150,000-kilometer vehicle warranty, and multi-year insurance coverage for three years. Monthly installments start from BD83, with terms and conditions applying. Al Salam Bank aims to provide a seamless financing experience by covering major vehicle ownership costs for the initial years. The collaboration is supported by Fakhro Motors, the exclusive distributor of BYD in Bahrain, highlighting a shared commitment to offering integrated solutions for sustainable mobility.
Nasdaq Dubai has announced the listing of three Green Bond issuances by the Industrial and Commercial Bank of China (ICBC), totaling USD 1.72 billion. This development reinforces ICBC's status as the largest Green Bond issuer on Nasdaq Dubai, with a total of USD 5.6 billion outstanding. The bonds were issued under ICBC's USD 20 billion Global Medium Term Note Programme by its branches in Dubai, Hong Kong, and Singapore. The listings include USD 1 billion Floating Rate Notes from the Hong Kong branch, USD 300 million 4.125% Notes from the Singapore branch, and CNH 3 billion 2.00% Notes from the Dubai branch, all due in 2028. The ceremony was attended by Zhang Yiming, China's Ambassador to the UAE, and Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market, among others. Liu Hua, General Manager of ICBC Dubai, highlighted ICBC's commitment to environmental sustainability and the UAE capital market. Hamed Ali emphasized the importance of these listings in strengthening Dubai's position as a global hub for sustainable finance. The total debt market on Nasdaq Dubai now stands at USD 136 billion, including USD 40 billion in bond listings.
The document is a formal communication from Al Firdous (P.J.S.C.) regarding the outcomes of a Board of Directors' meeting held on June 12, 2025. The key decisions include the approval of the financial report for the year ending March 31, 2025, the decision not to distribute meeting attendance allowances to board members, and the instruction for Sheikh Khaled Zayed S. Al Nahyan, the Chairman, to take necessary actions to convene a General Assembly meeting. A copy of the communication is also sent to the Security and Commodities Authority.
The document is the consolidated financial statements for Al Firdous Holdings (P.J.S.C.) and its subsidiary, based in Dubai, United Arab Emirates, as of March 31, 2025. It includes an independent auditor's report.