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The National International Holding Co. K.P.S.C. has scheduled a Board of Directors meeting on Wednesday, March 26, 2025, at 1:30 PM Kuwait time. The meeting aims to discuss the draft financial statements for the year 2024. This information was communicated by Mamdouh A. EL Sherbiny, CEO and Board Member, to Hamed Ahmed Ali, CEO of the Dubai Financial Market. The company was established in 1979 with an authorized and paid capital of 23,455,301.600 K.D. and is located in Sharq, Kuwait.
Al Salam Bank B.S.C has announced that its Board of Directors will hold a meeting on Tuesday, 13 May 2025, at 10:00 am to discuss and approve the financial results for the period ending 31 March 2025. This announcement is directed to the Bahrain Bourse and Dubai Financial Market. The notice is signed by Ali Yusuf Al Khaja, Head of Compliance and MLRO.
GFH Financial Group B.S.C. announced the purchase of 2,095,936 treasury shares, increasing its total treasury shares from 346,267,303 (9.03% of total issued shares) to 348,363,239 (9.09% of total issued shares) as of March 21, 2025. The decision to purchase was made by the company's board of directors on March 24, 2024, and approved by the authority on February 16, 2025. The average purchase price was USD 0.31, and 34,896,144 shares remain available for purchase. The announcement was made by Mariam Jowhary, Head of Compliance & AML.
Watania International Holding (PJSC) reported a net profit of AED 13.3 million for the year ending December 31, 2024, despite experiencing one-off losses in its General line of business due to April rains and a higher loss ratio in Motor. No new securities were issued during this period. The company appointed Al Ramz Capital as a liquidity provider to enhance share trading by improving the order book, reducing trading spreads, and minimizing price volatility. Additionally, the company approved new Board of Directors for its subsidiaries, Watania Takaful General PJSC and Watania Takaful Family PJSC, in Q3 2024. New members were also appointed to the Internal Shari’ah Supervision Committee. WIH continued to engage in community support through campaigns focused on road safety, blood donation, and health awareness, and launched an Emiratization campaign to attract young graduates to the Takaful sector.