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ASB Capital, an asset and wealth management firm with USD 9.1 billion in assets under management, served as Joint Lead Manager and Bookrunner for Alinma Bank's USD 500 million Sustainable Additional Tier 1 Sukuk issuance. This issuance, which is perpetual and callable after 5.5 years with an annual profit rate of 6.625%, was listed on the International Securities Market of the London Stock Exchange. The transaction was highly successful, being more than three times oversubscribed, indicating strong demand from regional and international investors. ASB Capital has established a growing presence in regional capital markets, having participated in several significant Sukuk and capital raising transactions. The firm is also expanding its investment banking services through strategic advisory roles. ASB Capital's involvement in this transaction underscores its strong relationships and trust within the industry, while Al Salam Bank's Chief Treasury Officer highlighted the regained momentum in regional debt capital markets and the appeal of Sukuk issuances as part of diversified funding strategies.

Dubai Electricity and Water Authority (DEWA) and Dubai Taxi Company (DTC) have launched Dubai's first ultra-fast electric vehicle (EV) charging hub for DTC’s electric taxi fleet. The hub, located at DTC’s headquarters in Muhaisnah 4, features 24 ultrafast charge points, each with a capacity of 360 kW, enabling the simultaneous charging of 24 vehicles in about 35 minutes. This development is part of a strategic agreement signed at WETEX 2025 to install over 200 ultrafast EV charge points for DTC's fleet, enhancing Dubai's green mobility infrastructure. The initiative supports Dubai's Green Mobility Strategy 2030 and the Net Zero Carbon Emissions Strategy 2050 by promoting sustainable and efficient transportation and reducing carbon emissions. DEWA CEO Saeed Mohammed Al Tayer emphasized the importance of strategic partnerships in advancing Dubai’s sustainability goals, while DTC Group Chairman Abdul Muhsen Ibrahim Kalbat highlighted the role of such collaborations in DTC's growth and commitment to innovative mobility.

The document outlines the margin parameters for DFM Futures, effective from July 9, 2026, listing various underlying symbols with their respective base margin percentages, currencies, and base and spread margins per contract. The underlying symbols include AIRARABIA, AlANSARI, ARMX, DEWA, DEYAAR, DFM, DFMGI, DIB, DIC, DU, EMAAR, EMAARDEV, EMIRATESNBD, EMPOWER, GFH, OMOIL, SALIK, and SHUAA. The methodology for margin calculation and eligible margin types can be found in the Derivatives Clearing Guidelines and Procedures. The announcement is available on the Dubai Financial Market website, and the information is subject to change. The document is not a substitute for the Dubai Financial Market Regulated Derivative Contract Trading Regulation, which prevails in case of inconsistencies.

Ajman Bank has successfully issued its first USD 300 million Additional Tier 1 Perpetual Sukuk with a profit rate of 6.500%. This marks a significant milestone in the bank's growth journey, reflecting investor confidence in its financial strength and strategic direction. The issuance strengthens Ajman Bank's capital foundation, diversifies funding sources, and enhances its ability to support the UAE economy. The Sukuk attracted strong interest from regional and international investors, demonstrating the bank's robust credit profile. The issuance is part of Ajman Bank's strategy to broaden its capital base and aligns with the UAE's vision for resilient financial markets. The Sukuk will be listed on the London Stock Exchange and Nasdaq Dubai.

On July 8, 2026, Dubai Taxi Company PJSC disclosed an agreement to acquire 100% of the issued share capital of National Taxi LLC, a UAE taxi operator with over 2,500 licensed plates in Dubai, Abu Dhabi, and Al Ain. The acquisition cost is AED 1,449,049,648, finalized on July 7, 2026, after applying a locked-box adjustment mechanism under the Sale and Purchase Agreement. This acquisition aligns with DTC's growth strategy, allowing it to increase its market share in Dubai and enter the Abu Dhabi market. It is expected to enhance earnings and dividends from the first full year of ownership, with additional benefits anticipated from identified synergies.

Dubai Taxi Company (DTC) has completed its acquisition of National Taxi LLC, securing all necessary regulatory approvals. This acquisition is part of DTC's five-year growth strategy, enhancing its market share to 59% in Dubai and establishing a 12% share in Abu Dhabi. With a combined fleet of over 9,500 vehicles, DTC becomes the largest taxi operator in the UAE. The deal, valued at AED 1.45 billion, is expected to positively impact earnings from the first year and offer operational synergies. DTC's CEO, Mansoor Rahma Alfalasi, highlighted the acquisition as a significant step in their growth strategy, aiming to integrate National Taxi and deliver strategic and financial benefits. National Taxi reported revenue of AED 774 million and EBITDA of AED 183 million for the year ended July 2025.

The Union Cooperative Board of Directors is inviting its shareholder members to a General Assembly meeting to decide on adopting a detailed study for transforming the cooperative into a public joint-stock company. The meeting is scheduled for 4 PM on Wednesday, July 8, 2026, and can be attended either online via www.smartagm.ae or in person at the Al Warqa City Mall, second floor. The agenda includes issuing a special resolution to approve the transformation study. Members will receive text messages with their membership number, meeting link, and instructions. Those attending online must register at the provided link to receive their username and password. Registration is open a week before the meeting and continues until it starts, provided the information is accurate and updated. Usernames and passwords will be sent by July 7, 2026. In-person attendees must register on the meeting day with proof of membership. The meeting will be conducted online with the presence of the meeting chair, service provider, meeting secretary, and representatives from the ministry and relevant authority, who can attend either in person or online.