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Emirates Islamic Bank (P.J.S.C.) has received a notification from Emirates NBD (P.J.S.C.) regarding a mandatory cash offer to acquire all of its shares. This acquisition would result in Emirates NBD owning 100% of the issued and paid-up ordinary shares of Emirates Islamic Bank for AED 11.95 per share. The matter has been presented to the Board of Directors of Emirates Islamic Bank, and necessary procedures will be followed according to the Securities and Commodities Authority's regulations on mergers and acquisitions. The Board has considered the offer through a resolution passed by circulation.

The document is a formal communication from Emirates Islamic Bank to Mr. Hamed Ahmed Ali, the Chief Executive Officer of the Dubai Financial Market, summarizing the resolutions adopted during the 49th General Assembly Meeting held on 24 February 2025. The resolutions include the approval of the Board of Directors' report on the bank's activities and financial statements for the year ending 31 December 2024, the external auditor's report, the Internal Shari’ah Supervision Committee's report, and the bank's audited balance sheet and profit and loss account for the same period. Additionally, the remuneration for the Board of Directors was set at AED 7 million, with a sitting fee of AED 20,000 for each attendance at the Board Committee meetings.

GFH Financial Group announced the acquisition of 7,448,120 treasury shares, increasing its total treasury shares from 236,287,797 (6.17% of total issued shares) to 243,735,917 (6.36% of total issued shares) as of February 24, 2025. The decision was made at a board meeting on March 24, 2024, and approved by the relevant authority on February 16, 2025. The purchase was completed at an average price of 0.3220 USD per share, representing 0.194% of the issued capital. There are 139,523,466 shares remaining for purchase. The announcement was made by Mariam Jowhary, Head of Compliance & AML.

Union Coop has announced that its Board of Directors will hold a meeting on Thursday, February 27, 2025, at 4:30 PM. The agenda includes discussions on the proposed dividend distributions for 2024 and updates on regular business matters. The announcement is addressed to H.E. Hamed Ahmed Ali, the Chief Executive Officer of the Dubai Financial Market.

Al Salam Bank has partnered with talabat to launch an exclusive Ramadan 2025 offer, providing a free one-year subscription to talabat pro for its credit and prepaid cardholders. This offer includes benefits such as unlimited free delivery and exclusive discounts, available to the first 3,500 cardholders who register through a dedicated link in the talabat app between February 23 and March 29, 2025. The initiative aims to enhance the digital shopping experience during Ramadan. Mohammed Buhijji of Al Salam Bank and Moayad Aqel of talabat Bahrain expressed their enthusiasm for the collaboration, highlighting the value it brings to clients. Those interested can subscribe via the talabat app or contact Al Salam Bank for more information.

BHM Capital, a prominent financial institution in the UAE, has received approval from the Abu Dhabi Securities Exchange (ADX) to act as the Price Stabilization Manager for Alpha Data's upcoming listing. This approval enables BHM Capital to conduct price stabilization activities for 30 days from the start of Alpha Data's share trading on ADX, aligning with ADX's Operational Rules Handbook. The IPO subscription for Alpha Data runs from February 20 to February 25, 2025. BHM Capital's involvement aims to support stock stability, enhance liquidity, and reduce volatility, thereby boosting investor confidence and ensuring smoother market performance. Abdel Hadi Al Sa’di, CEO of BHM Capital, expressed pride in receiving this regulatory approval and emphasized the company's commitment to best practices and market stability. BHM Capital is dedicated to expanding its financial services and maintaining high regulatory standards. Alpha Data's IPO represents a key milestone, and BHM Capital is committed to facilitating a smooth transition to active trading on ADX. BHM Capital is a leading private joint stock company listed on the Dubai Financial Market and ADX, known for its pioneering role in financial technology and services for individual and corporate investors.

Emirates Central Cooling Systems Corporation PJSC (Empower), the largest provider of district cooling services globally, has entered into an agreement with the Dubai Multi Commodities Centre (DMCC) to supply environmentally friendly district cooling services to the next phase of Uptown Dubai. This phase will have a capacity of 24,675 refrigeration tons. The signing took place at DMCC's headquarters, with key figures from both organizations present. Uptown Dubai is a smart district featuring mixed-use towers and various amenities, strategically located in the southern part of Dubai. Empower's JLT District Cooling project, which includes multiple plants and a comprehensive pipeline network, is designed to support new projects, enhancing investor confidence in their sustainable services. Empower's CEO, Ahmad Bin Shafar, highlighted the importance of the partnership in contributing to sustainability goals and reducing carbon emissions.