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Dubai Financial Market News

News Update From Dubai Financial Market PJSC

DFM News: Resume trading on WATANIA shares after disclosing the results of its BOD meeting
Dubai Financial Market News profile image

Dubai Financial Market News

News Update From Takaful Emarat (PSC)

Disclosure: Detailed Analysis Accumulated Losses

The document outlines the financial situation of Takaful Emarat – Insurance (PSC) as of May 15, 2025, in compliance with the SCA Board of Directors’ Decision No. (32/R.M.) of 2019. The company has accumulated losses amounting to AED 47,412 thousand, which constitutes 22.5% of its paid-up capital. These losses started in 2019 due to higher-than-expected medical claims and lower investment returns, further exacerbated by a merger and acquisition project between 2020 and 2022, asset revaluation, and restated financial statements for equity investment impairments. Despite these challenges, the company has improved its solvency position, enhancing financial stability, regulatory standing, and market credibility. This improvement supports stakeholder confidence and enables the company to pursue strategic growth opportunities, invest in innovation, and expand its product offerings. The company is focusing on sustainable business development and improved underwriting performance to address these accumulated losses.

1. Attached Document

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Dubai Financial Market News

News Update From Watania International Holding PJSC

Disclosure: Financial statements for the 1st QTR of 2025

Watania International Holding (PJSC) has released its unaudited condensed interim consolidated financial information for the period ending 31 March 2025.

1. Attached Document

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Dubai Financial Market News

News Update From Watania International Holding PJSC

Disclosure: Results of BOD Meeting

On 14 May 2025, Watania International Holding (PJSC) held a Board of Directors meeting starting at 3:30 PM. During the meeting, the board approved the financial statements for the first quarter ending 31 March 2025 and discussed routine business matters. The meeting details were signed by Nawal Ma’ally, the Board Secretary, on 15 May 2025, and the company's seal was applied.

1. Attached Document

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Dubai Financial Market News

News Update From United Foods Company (PSC)

Disclosure: Results of BOD Meeting

1. Attached Document

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Dubai Financial Market News

News Update From Union Properties PJSC

Disclosure: Board Decisions by Passing

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 B.S.C. announced that it has purchased 1,800,000 of its own treasury shares, increasing its total treasury shares from 208,522,418 (5.44% of total issued shares) to 210,322,418 (5.49% of total issued shares) as of May 15, 2025. The decision to purchase was made by the board of directors on March 24, 2024, and approved by the relevant authority on February 16, 2025. The average purchase price was 0.3053 SDU, and the shares purchased represent 0.047% of the issued capital. There are 172,936,965 shares remaining for purchase. 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 Ekttitab Holding Company K.S.C.C

Disclosure: Results of BOD Meeting

1. Attached Document

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Dubai Financial Market News

News Update From Dubai National Insurance & Reinsurance

Disclosure: Financial statements for the 1st QTR of 2025

1. Attached Document

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Dubai Financial Market News

News Update From Dubai National Insurance & Reinsurance

Disclosure: Results of BOD Meeting

1. Attached Document