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Al Salam Bank has launched "ASB Pay Business," a Shari’a-compliant digital POS platform in Bahrain, designed to serve a range of businesses from large corporations to MSMEs and freelancers. The platform provides a comprehensive digital payment solution, allowing merchants to accept payments via smartphones without traditional POS devices. It includes features like digital invoicing, payment links, direct bank integration, and real-time transaction tracking. ASB Pay Business aims to support underserved merchant segments, offering a mobile-first solution that integrates with accounting and e-commerce systems. The platform emphasizes fast onboarding and secure transactions, with same-day settlement for merchants with Al Salam accounts. This initiative aligns with the bank's goal to lead digital transformation in finance and support the MSME sector, enhancing business efficiency and growth.
The text is a formal communication from Ali Abouda, Chief Finance & Operation Officer of Gulf Navigation Holding PJSC, addressed to Mr. Hamed Ahmad Ali, CEO of Dubai Financial Market, and H.E. Waleed Saeed Al Awadhi, CEO of the Securities and Commodities Authority (SCA). It discusses the activation of a capital increase for Gulf Navigation Holding PJSC, which was approved during the company's General Assembly Meeting on March 13, 2025. The capital increase involves issuing mandatory convertible bonds worth AED 500,000,000 at AED 1.10 per bond, to be converted into shares within three months. These bonds are allocated exclusively to current shareholders, with major shareholders agreeing not to subscribe unless minor investors do not fully subscribe during the last two days of the subscription period. The company is completing the necessary requirements with the SCA and will announce the activation dates on the Dubai Financial Market once SCA approval is obtained.
Tabreed, a company specializing in the development and supply of district cooling services, announced that it has secured new financing facilities worth 1.8 billion AED. This financing will support its strategic initiatives for growth and capital structure improvement. The funding, compliant with Islamic Shariah law, consists of two tranches in AED and USD, reflecting Tabreed's commitment to providing comprehensive financing solutions aligned with investor preferences. The financing includes a green finance component, with one billion AED allocated within a green financing framework, emphasizing sustainability and environmental preservation. This move will enable Tabreed to accelerate its expansion and enhance long-term value while maintaining strong financial practices. The financing was completed in partnership with Emirates NBD and Mashreq Bank.
Sean Magee, Secretary of the Board of Directors, announced on 28 October 2025 that Tabreed has secured a green loan facility valued at AED 1.8 billion. The financing, provided by Emirates NBD and Mashreq, makes up approximately 63% of the company's total capital. The loan has a six-year term and is structured as a dual-tranche facility in AED and USD, complying with Sharia principles. An equivalent of AED 1 billion is designated as the green tranche. The purpose of the loan is to support Tabreed's future operational needs and leverage potential growth opportunities.
GFH Financial Group announced that it has purchased 2,530,000 treasury shares, increasing its total treasury shares from 169,511,461 (4.423% of total issued shares) to 172,041,461 (4.489% of total issued shares) as of October 27, 2025. The decision to purchase these shares was made during a board meeting on March 2, 2025, and received approval from the relevant authority on October 20, 2025. The average purchase price was 0.564 SDU per share. There are 211,217,922 shares remaining available for purchase. The announcement was made by Mariam Jowhary, Head of Compliance and Anti-Money Laundering.
SHUAA Capital p.s.c., a financial investment company based in Dubai, UAE, is licensed and regulated by the UAE Securities and Commodities Authority. The company's head office is located at The H Hotel Dubai, Office Tower, Level 15. The Board of Directors of SHUAA Capital has approved resolutions concerning business-related matters by circulation. The communication was addressed to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, and was signed by Islam Mahrous, the Chief Compliance Officer.