Latest Threads

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.

Shuaa Capital PSC, a licensed financial investment company regulated by the Securities and Commodities Authority, has made several board decisions. These include approving the expected issuance size of convertible bonds, pending final adjustments and approval from the Authority. The issuance involves AED 267,111,942.50 for current bondholders and between AED 85,000,000 and AED 150,000,000 for new investors. The expected issuance date for the convertible bonds is on or before March 18, 2025, subject to final approval. Other company-related matters were also addressed.

Al Ramz Capital LLC, based in Dubai, has been appointed as a liquidity provider for Borouge PLC, a leading provider of polyolefin solutions listed on the Abu Dhabi Securities Exchange. Starting March 11, 2025, Al Ramz will independently trade Borouge shares following regulatory approvals. With over 25 years of experience in UAE capital markets, Al Ramz is a licensed market maker on the Dubai Financial Market and Abu Dhabi Securities Exchange. The company is known for its market-making services, enhancing liquidity by fostering relationships in various markets. Al Ramz, founded in 1998, offers services such as asset management, corporate finance, brokerage, and financial research, and is regulated by the UAE Securities and Commodities Authority and the Dubai Financial Services Authority.

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.