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Dubai Financial Market News

News Update From Takaful Emarat (PSC)

Disclosure: Detailed Analysis Accumulated Losses

The document outlines the financial situation of Takaful Emarat – Insurance (PSC) as of April 8, 2025, in accordance with the SCA Board of Directors’ Decision No. (32/R.M.) of 2019. This decision requires companies with accumulated losses of 20% or more of their paid-up capital to comply with specific procedures. For the year 2024, Takaful Emarat reported accumulated losses of AED 43,289,000, representing 20.6% of its paid-up capital. The losses began in 2019 due to higher-than-expected medical claims and lower investment returns, compounded by a merger and acquisition project, asset revaluation, and restated financial statements from 2020 to 2022. To address these losses, the company reduced its accumulated losses by setting off against share capital amounting to AED 124.3 million and issued 185 million ordinary shares through a rights issue in late 2024. This resulted in a positive shift in shareholders' equity from a deficit of AED 39.7 million in 2023 to equity of AED 163.2 million in 2024. The company also implemented a business plan aimed at writing profitable business and adopted new investment strategies, achieving a net investment income of AED 32 million in 2024, a 106% increase from 2023. Furthermore, Takaful revenue grew by 84% to AED 420 million compared to the previous year.

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News Update From ORIENT Insurance PJSC

Disclosure: Resolutions of General Assembly

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Dubai Financial Market News

News Update From GFH Financial Group B.S.C.

Disclosure: Post share buyback announcement

GFH Financial Group announced the purchase of 2,440,000 treasury shares, increasing its total treasury shares from 179,327,200 (4.68% of total issued shares) to 181,767,200 (4.74% of total issued shares) as of April 8, 2025. The board of directors made the purchase decision on March 24, 2025, and the relevant authority approved it on February 16, 2025. The average purchase price was 0.2853 USD per share. The number of shares remaining for potential purchase is 201,492,183. The announcement was made by Mariam Jowhary, Head of Compliance & AML.

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News Update From Dubai Financial Market PJSC

DFM News: Futures Contracts - Margin Parameters

The document outlines the margin parameters for various futures contracts on the Dubai Financial Market (DFM), effective from April 9, 2025. It lists the base margin percentages, currencies, base margin per contract, and spread margin per contract for different underlying symbols such as AIRARABIA, AlANSARI, ARMX, and others. The margin percentages range from 5% to 10%, with contracts priced in AED and USD. Further details on margin calculation and eligible margins are provided in the Derivatives Clearing Guidelines and Procedures, accessible via a specified link. The announcement is also available on the DFM website. A disclaimer notes that the information is subject to change and emphasizes that the Dubai Financial Market Regulated Derivative Contract Trading Regulation will take precedence in case of any inconsistency.

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News Update From SHUAA Capital PSC

Disclosure: Notification regarding Capital Increase Activation

Shuaa Capital PSC, a licensed financial investment company regulated by the Securities and Commodities Authority, announced the activation of an increase in its capital following the approval from its general assembly meeting on February 17, 2025. This increase results from the mandatory conversion of bonds into shares. The company has completed all requirements for the capital increase from the regulatory authority. The activation date for the capital increase on the Dubai Financial Market is April 11, 2025, after trading hours, and trading on the new shares will begin on April 14, 2025. The capital will increase from AED 2,535,720,000 to AED 3,659,022,945, marking a 44.3% increase.

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News Update From Dubai Investments PJSC

Disclosure: Press release

Globalpharma, a leading pharmaceutical manufacturer in the UAE and a subsidiary of Dubai Investments PJSC, has partnered with India's ZIM Laboratories to introduce EU-certified Oral Dispersible Film (ODF) technology to its product range. This technology, which meets high international quality and safety standards, was announced at the AIM Congress 2025 in Dubai. The collaboration aims to enhance the UAE's role in global pharmaceutical innovation and improve healthcare solutions. The agreement was signed by key representatives from both companies and witnessed by notable officials. Globalpharma's leaders highlighted the UAE's growing influence in pharmaceutical manufacturing and discussed industry trends at the congress. The partnership with ZIM Labs is seen as a significant step in advancing patient-centric treatment options and strengthening the region's pharmaceutical capabilities. ODFs are thin, fast-dissolving strips that improve medication compliance, especially for children, the elderly, and those with swallowing difficulties. Globalpharma plans to produce these innovative treatments locally, setting a new standard for pharmaceutical manufacturing in the region.

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News Update From Dubai Financial Market PJSC

DFM News: Suspend trading on ORIENT shares starting from 11:00 AM as its General Assembly is being held today, 08/04/2025 and until resolutions are disclosed
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Dubai Financial Market News

News Update From Dubai Financial Market PJSC

DFM News: Reminder: General Assembly of ORIENT is being held on 08/04/2025

The Board of Directors of Orient Insurance (PJSC) invites shareholders to attend the company's Annual General Assembly Meeting on April 8, 2025, at 11:00 AM. The meeting will be held both physically at the Orient building in Dubai and virtually via the Teams platform. The agenda includes reviewing and approving reports from the Board of Directors and auditors for the fiscal year ending December 31, 2024, discussing and approving the company's financial statements, and considering proposals for an 80% cash dividend distribution. Additional items include discharging board members and auditors from liability, approving internal company policies, deciding on board and executive management remuneration, approving related party transactions, and appointing auditors for 2025.

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News Update From Dubai Financial Market PJSC

DFM News: Futures contracts – New Contract Series

A new series of equity futures contracts for July 2025 will be available for trading starting from April 10, 2025. These contracts include various futures such as AIRARB, ANSRI, ARMX, DEWA, DEYAAR, DFM, DFMGI, DIB, DIC, DU, EMAAR, EMPWR, EMRDEV, ENBD, GFH, SALIK, and SHUAA. All contracts will be listed on April 10, 2025, and will be de-listed on July 17, 2025. This announcement is from the Dubai Financial Market and more details can be found on their website. The information provided is subject to change and is not a replacement for the official trading regulations.

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News Update From Emirates Islamic Bank PJSC

Disclosure: Notification from the company

On April 8, 2025, Dr. Ahmed Alkhalfawi, the Head of Legal at Emirates Islamic Bank (EIB), sent a notification to Mr. Hamed Ahmed Ali, the CEO of the Dubai Financial Market. The notification informed that EIB received a notice from Emirates NBD Bank addressed to EIB shareholders about the mandatory acquisition of EIB shares.

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