Latest Threads
Check out what has been happening in the community
The Union Coop held its General Assembly Meeting on March 18th, 2025, from 10:00 AM to 12:00 PM, both in person at the Sheikh Mohammed bin Rashid Library in Al Jaddaf and remotely. The meeting, chaired by H.E. Majid Al Shamsi, achieved a quorum of 0.41% of the total attendance in terms of capital. During the meeting, the following were approved: the minutes of the previous General Assembly meeting for the financial year ending December 31, 2023; the Board of Directors' report on Union Coop's activities for the financial year ending December 31, 2024; the study of transforming Union Coop into a joint-stock company; the new Articles of Association for Union Coop; the auditor's report for the financial year ending December 31, 2024; and Union Coop’s audited financial statements for the financial year ended December 31, 2024.
On March 18, 2025, GFH Financial Group announced the purchase of 2,794,000 treasury shares, increasing its total treasury shares from 337,600,623 (8.81% of issued shares) to 340,394,623 (8.88% of issued shares). The decision to purchase was made by the company's board of directors on March 24, 2024, and received authority approval on February 16, 2025. The average purchase price was USD 0.3146 per share, and the purchased shares represent 0.07% of the issued capital. There are 42,864,760 shares remaining for purchase. The announcement was signed by Mariam Jowhary, Head of Compliance & AML.
Sukoon Insurance PJSC held a Board of Directors meeting on March 18, 2025, at their head office in Dubai and via video conferencing. The board made several decisions, including electing Mr. Badr Al Ghurair as Chairman and Mr. Mohamed Abdel Razek as Vice Chairman. They approved the composition of four board committees: Audit, Risk, Investment, and Nomination and Remuneration. The board accepted the resignation of Mrs. Louise O’Donnell as Board Secretary, effective April 18, 2025, and appointed Mrs. Rana Attieh as her successor, pending approval from the Central Bank of the UAE. They also approved the Underwriting Performance review and Pricing report as of December 2024 and addressed general business matters. A copy of the meeting's outcomes was sent to Mrs. Maryam Butti Al Suwaidi, Deputy CEO of the Securities and Commodities Authority in Abu Dhabi.
Emirates Reem Investments Company P.J.S.C, previously known as Emirates Refreshments (P.S.C.), has released its reports and consolidated financial statements for the year ending December 31, 2024.
The Securities & Commodities Authority in Abu Dhabi and the Dubai Financial Market are involved in a meeting regarding Takaful Emarat Insurance PSC, scheduled for Friday, March 21, 2025, at 3:30 PM via MS Teams. The agenda includes reviewing the audited financial statements for 2024, discussing the date and agenda for the Annual General Assembly meeting, considering the distribution of dividends for 2024, recommending Board remuneration for 2024, reviewing the Corporate Governance Report, and examining company policies, procedures, and business updates. The meeting details were authorized by Adnan Sabaalaish, the Acting CEO, on March 18, 2025.