Latest Threads

The text is a notification addressed to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, from Aakash Nijhawan, Group Head of Investor Relations at Dubai Electricity and Water Authority PJSC (DEWA). It informs him of the results from DEWA's General Assembly meeting, which took place on Friday, March 21, 2025, at 11:00 am. The results of the meeting are attached for his review.

BHM Capital Financial Services P.S.C, a private joint stock company regulated by the Securities and Commodities Authority (SCA) in Dubai, held a board meeting on Thursday, 20 March 2025, from 1:00 PM to 2:00 PM. All seven board members were present, achieving a 100% quorum. The board approved the audited financial report for the year ending 31 December 2024 and proposed to the General Assembly the distribution of profits to shareholders as bonus shares, representing 15.3196% of the company's current paid-up capital, through the issuance of 26,568,932 bonus shares. The resignation of Eng. Abdullah Subhi Ahmed Atatrah, Vice Chairman of the Board, was accepted with gratitude for his contributions. Additionally, a seat on the Board of Directors was allocated for female representation.

The Board of Directors of Dubai Electricity and Water Authority PJSC (DEWA) invites its shareholders to attend the annual general assembly meeting on Friday, March 21, 2025, at 11:00 am, which will be held both remotely and at the Kempinski Boulevard Hotel. Shareholders will receive the meeting link via email and text. The agenda includes approval of the Board's report, auditor's report, balance sheet, and profit and loss account for 2024, as well as the approval of cash dividends for the first and second halves of 2024. The meeting will also cover the authorization of dividends for the first half of 2025, absolution of liabilities for the Board and auditors for 2024, appointment of auditors for 2025, and Board remuneration. Shareholders must register to vote electronically, and proxies are allowed under specific conditions. The meeting requires a quorum of 50% of the Company's capital, with a second meeting scheduled if necessary. Shareholders should ensure their contact information is updated for communication and dividend purposes. Electronic registration and voting details will be provided, and shareholders can contact DEWA or Dubai Financial Market for assistance.

The GFH Financial Group B.S.C. held its Ordinary and Extraordinary General Meeting on March 20, 2025, at GFH House, Bahrain Financial Harbour. The meeting was chaired by Mr. Abdulmohsen Al Rashed and had a quorum of 46.42%. During the meeting, several agenda items were approved, including the minutes from the previous meeting on October 9, 2024, the Board of Directors' report, the Sharia Supervisory Board's report, the external auditor's report, and the consolidated financial statements for the year ending December 31, 2024. Additionally, the Board's recommendation for the allocation of the 2024 net profit was approved, which involves transferring $11,850,400 to the statutory reserve, allocating $1,500,000 to the Zakat Fund, distributing cash dividends of 6.2% of the nominal value of ordinary shares (excluding treasury shares) up to $61 million, and transferring approximately $44,153,600 as retained earnings for the next year.