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Dubai Financial Market News

News Update From Union Properties PJSC

Disclosure: Resolutions of General Assembly

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Dubai Financial Market News profile image

Dubai Financial Market News

News Update From Union Properties PJSC

Disclosure: Press release

Union Properties PJSC announced the outcomes of its Annual General Meeting, where a special resolution was approved to reduce the company's total issued share capital by 33.4% to address accumulated losses of approximately AED 1.43 billion. This was achieved by utilizing the full statutory reserve to offset AED 437.95 million of these losses. The meeting highlighted the company's focus on sustainable growth and shareholder value, with Chairman Mohamed Fardan Ali AlFardan discussing the company's financial performance. Union Properties reported an operating profit of AED 161.8 million, a 59% increase, and a total comprehensive income of AED 395 million. Revenue from customer contracts rose to AED 528.7 million, reflecting the company's ongoing operational performance and strategic growth.

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Dubai Financial Market News

News Update From BHM Capital Financial Services PSC

Disclosure: Notification from the company

BHM Capital Financial Services, a private joint stock company regulated by the Securities and Commodities Authority (SCA) in the UAE, issued a notification regarding the resolutions from its General Assembly meeting held on April 21, 2025. The resolutions included a capital increase and a share buyback program. The capital increase is intended to enhance the company's financial capabilities and support its strategic goals, allowing for future expansion. The share buyback reflects management's confidence in the company's position and operations, aiming to add value for shareholders when the current share price does not reflect its intrinsic value. These strategic decisions aim to enhance financial flexibility, support expansion plans, strengthen investor confidence, and achieve sustainable value for shareholders. The notification was submitted through the EFSAH electronic system and addressed to Mr. Hamed Ahmad Ali, CEO of Dubai Financial Market.

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Dubai Financial Market News

News Update From Alliance Insurance

Disclosure: BOD meeting

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Dubai Financial Market News

News Update From Dubai Financial Market PJSC

DFM News: Press release - Dubai Financial Market Unveils the Global Speaker Line-Up and Agenda for the 2025 Capital Market Summit

The Dubai Financial Market (DFM) has announced the speaker lineup and agenda for the 3rd MENA Capital Market Summit, scheduled for May 6-7, 2025, at Madinat Jumeirah, Dubai. This event will gather over 1,500 participants, more than 100 global speakers, and 200 industry partners to discuss trends affecting global and regional capital markets. Key topics include the impact of technology on market infrastructure, IPO trends, cross-border capital flows, the rise of retail investors, and private market transformations. Notable speakers include H.E. Helal Saeed Almarri, Ken Robins, Richard Cormack, Simon Williams, and Lord Stephen A. Carter. The summit will feature keynote speeches, panel discussions, and sector-specific sessions. It aims to enhance collaboration, policy dialogue, and investment ties, contributing to Dubai's status as a global financial hub. A new feature, The Hub, will offer practical engagement opportunities, including partner presentations, fireside chats, and demonstrations of DFM’s investor platforms.

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Dubai Financial Market News

News Update From Dubai Financial Market PJSC

DFM News: Resume trading on BHMCAPITAL shares after disclosing the resolutions of its General Assembly
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Dubai Financial Market News

News Update From BHM Capital Financial Services PSC

Disclosure: Resolutions of General Assembly

BHM Capital Financial Services P.S.C, a private joint stock company regulated by the Securities and Commodities Authority, held its General Assembly Meeting online on April 21, 2025, from 11:00 AM to 12:10 PM. The meeting was chaired by Sheikh Dr. Ammar Nasser Almualla, with a quorum of 72.62% attendance through electronic voting. The assembly resolved to approve the Board of Directors' report, the external auditor’s report, the balance sheet, and the profit and loss account for the fiscal year ending December 31, 2024. Additionally, the members of the Board of Directors and the external auditor were discharged from liability for the same fiscal year.

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Dubai Financial Market News

News Update From Mashreqbank PSc

Disclosure: BOD meeting

Mashreqbank PSC has scheduled a Board of Directors meeting on April 30, 2025, at 11:00 am. The agenda includes approving the minutes from the previous meeting on January 30, 2025, approving the bank's financial statements for the first quarter ending March 31, 2025, discussing normal business activities, and addressing any other business matters. The notice is signed by Shaima Al Obeidli, Head of Corporate Governance & Group Company Secretary, with a copy sent to the Securities & Commodities Authority.

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Dubai Financial Market News

News Update From Dubai Financial Market PJSC

DFM News: Reminder: Today, 22/04/2025 is the last trading date to entitle for NGI’s cash dividend
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Dubai Financial Market News

News Update From SHUAA Capital PSC

Disclosure: Nominees for Board of Directors membership

Shuaa Capital PSC, a licensed financial investment company regulated by the Securities and Commodities Authority under license number 630307 and commercial license number 200219, has released a final list of candidates for its Board of Directors. The candidates are Mr. Ahmed Abdul Rahman Jamshir, Mr. Fahad Abdul Qader Al Qassim, and Mr. Ahmed Khalifa Al Qubaisi, all of whom are independent, non-executive members. This list will be published on the company's website and presented during the general assembly meeting. The announcement is addressed to Mr. Hamad Ahmed Ali, CEO of the Dubai Financial Market.

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