Latest Threads

Aramex PJSC announced an update on the voluntary conditional cash offer from Q Logistics Holding LLC, a subsidiary of Abu Dhabi Developmental Holding Company PJSC (ADQ), to acquire the remaining shares of Aramex not held by Abu Dhabi Ports Company PJSC. The update, received on March 10, 2025, details the results of the offer. Q Logistics will continue accepting shares from Aramex shareholders who did not tender during the offer period until 3:00 PM (UAE time) on March 24, 2025. The final total of tendered shares will be announced on March 28, 2025. Aramex will provide further updates on any significant developments.

A new series of equity futures contracts will be available for trading on the Dubai Financial Market starting March 13, 2025. The contracts, set to expire on June 19, 2025, include various futures such as AIRARB, ANSRI, ARMX, DEWA, DEYAAR, DFM, DFMGI, DIB, DIC, DU, EMAAR, EMPWR, EMRDEV, ENBD, GFH, SALIK, and SHUAA. This announcement can be accessed on the Dubai Financial Market's website. The information provided is subject to change and is not a replacement for the official Dubai Financial Market Regulated Derivative Contract Trading Regulation.

TECOM Group held its Annual General Assembly Meeting at Dubai Internet City, where shareholders approved a cash dividend of AED 400 million for the second half of 2024. This brings the total dividends for 2024 to AED 800 million. The Board of Directors was re-elected, and the financial statements for 2024 were approved. Chairman Malek Al Malek highlighted the group's strong performance in 2024, which included AED 2.7 billion in strategic investments aimed at sustainable growth. TECOM reported a 11% increase in revenues to AED 2.4 billion and a 14% rise in net profits to AED 1.2 billion for 2024, with high occupancy and retention rates. The group continues to focus on expanding its portfolio and enhancing customer satisfaction across its business districts.

GFH Financial Group announced on March 10, 2025, that it has purchased 400,000 treasury shares, increasing its total treasury shares from 297,324,647 (7.76% of total issued shares) to 297,724,647 (7.77% of total issued shares). The decision to purchase these shares was made during a board meeting on March 24, 2024, and received authority approval on February 16, 2025. The average purchase price was 0.3122 USD per share, and the purchased shares represent 0.010% of the issued capital. There are 85,534,736 shares remaining for future purchase. The announcement was made by Mariam Jowhary, Head of Compliance & AML.

ONE App, Bahrain's first comprehensive digital financial marketplace powered by Al Salam Bank, has partnered with Amazon Web Services (AWS) and Tarabut to enhance its digital financial solutions. AWS will provide the app with advanced cloud services to ensure stability, security, and scalability, while Tarabut will offer open banking infrastructure for seamless account aggregation. This partnership aims to improve user experience by enabling smarter budgeting, expense tracking, and advanced financial analytics. Haitham Al Haddad, General Manager of ONE App, emphasized the importance of these collaborations in offering innovative financial services and supporting digital transformation in Bahrain. Abdulla Almoayed, CEO of Tarabut, highlighted the role of their technology in enhancing financial management through features like spend analytics and budgeting. This collaboration underscores ONE App's commitment to innovation and financial inclusion in Bahrain.