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The document outlines the margin parameters for various futures contracts on the Dubai Financial Market (DFM), effective March 10, 2025. It includes details such as the underlying symbol, base margin percentage, currency, base margin per contract, and spread margin per contract for each listed entity. The margin percentages range from 5% to 12%, with the base margin per contract specified in AED or USD. Additional information on margin calculation and eligible margin types can be found in the Derivatives Clearing Guidelines and Procedures. The announcement is available on the DFM website, and readers are reminded that the information is subject to change and should not replace the official Dubai Financial Market Regulated Derivative Contract Trading Regulation.
The Board of Directors of TECOM Group PJSC invites shareholders to attend the Annual General Assembly Meeting on March 10, 2025, at 3:00 p.m. The meeting will take place at the company's offices in Dubai Internet City and will also be accessible remotely. The agenda includes reviewing and approving the Board's report on the company's activities and financial position for the year ending December 31, 2024, the external auditors' report, the company's balance sheet, and the profit and loss account. Additionally, there will be a discussion on the Board's recommendation to distribute a cash dividend of AED 400 million for the second half of the financial year, amounting to 8 fils per ordinary share, representing 80% of the company's share capital. The total cash dividend for 2024 will be AED 800 million, including an interim dividend of AED 400 million.
GFH Financial Group announced that it has purchased 128,924 of its own shares, known as treasury shares, increasing its total treasury shares from 297,195,723 (representing 7.75% of the total issued shares) to 297,324,647 (representing 7.76% of the total issued shares) as of March 9, 2025. The decision to purchase these shares was made during a board meeting on March 24, 2024, and was approved by the relevant authority on February 16, 2025. The average purchase price was 0.3130 USD per share. The purchased shares represent 0.003% of the issued capital, and there are 85,934,736 shares remaining for potential purchase. The announcement was made by Mariam Jowhary, Head of Compliance & AML.
GFH Financial Group B.S.C. has announced a scheduled Board of Directors meeting on Wednesday, 14 May 2025, at 2 p.m. Bahrain time. The agenda includes discussing the financial results for the first quarter of 2025 and other internal matters. The announcement is signed by Mariam Jowhary, Head of Compliance and AML.