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Dubai Financial Market News profile image
Dubai Financial Market News
9 months ago
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
Dubai Financial Market News profile image
Dubai Financial Market News
9 months ago
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.

1. Attached Document

Dubai Financial Market News profile image
Dubai Financial Market News
9 months ago
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.

1. Attached Document

Dubai Financial Market News profile image
Dubai Financial Market News
9 months ago
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.

1. Attached Document

Dubai Financial Market News profile image
Dubai Financial Market News
9 months ago
News Update From GFH Financial Group B.S.C.
Disclosure: Post share buyback announcement

GFH Financial Group B.S.C. has announced the purchase of 1,775,000 treasury shares, increasing its total holding of treasury shares from 177,552,200 (4.63% of total issued shares) to 179,327,200 (4.68% of total issued shares) as of April 7, 2025. The decision to purchase was made by the board of directors on March 24, 2025, and approved by the relevant authority on February 16, 2025. The average purchase price was 0.2773 USD per share, representing 0.046% of the issued capital. There are 203,932,183 shares remaining available for purchase. The announcement was made by Mariam Jowhary, Head of Compliance & AML.

1. Attached Document

Dubai Financial Market News profile image
Dubai Financial Market News
9 months ago
News Update From International Financial Advisors K.S.C.C.
Disclosure: Supplementary Disclosure

1. Attached Document

Dubai Financial Market News profile image
Dubai Financial Market News
9 months ago
News Update From Dubai Financial Market PJSC
Disclosure: Resolutions of General Assembly

On April 7, 2025, the Annual General Meeting of Dubai Financial Market PJSC took place. The following resolutions were approved: the Board of Directors' Report on the company's activities and financial position for the fiscal year ending December 31, 2024; the Auditor's Report for the same fiscal year; the Fatwa and Sharia Supervisory Board's Report; the company's Balance Sheet and Profit and Loss Account; the appointment of Dr. Moosa Khoory, Dr. Abdullah Al-Tunaiji, and Dr. Maabed Al-Jarhi to the Fatwa and Sharia Supervisory Board for 2025; and the distribution of cash dividends amounting to 3.2% of the share capital, equivalent to 3.2 fils per share, for the fiscal year ending December 31, 2024.

1. Attached Document

Dubai Financial Market News profile image
Dubai Financial Market News
9 months ago
News Update From United Foods Company (PSC)
Disclosure: Invitation of General Assembly

United Foods Company (PJSC) invites its shareholders to attend a general assembly meeting on Monday, April 28, 2025, at 2:00 PM, either in person at their main office in Al Quoz, Dubai, or via a real-time visual communication app. The agenda includes reviewing and approving the directors' and auditors' reports, discussing the company's financial position and profit and loss statement for 2024, considering cash dividends totaling AED 30,250,000, discharging or dismissing directors and auditors, approving board members' remunerations, and appointing external auditors for 2025. Special resolutions involve transactions with clients Modern Bakery and UNIKAI. Shareholders can delegate representation, and specific dates are set for share ownership rights. If quorum is not met, a second meeting is scheduled for May 5, 2025. Shareholders are advised to update their contact details with the Dubai Financial Market for dividend distribution.

1. Attached Document 2. Attached Document 3. Attached Document

Dubai Financial Market News profile image
Dubai Financial Market News
9 months ago
News Update From Al Salam Bank B.S.C
Disclosure: Press release

Al Salam Bank has signed a Memorandum of Understanding with Eagle Hills Diyar to offer real estate financing solutions for clients interested in purchasing residential units in Marassi Bay, Marassi Terraces, and Palace Residences in Bahrain. The collaboration aims to enhance homeownership opportunities by providing competitive profit rates, a grace period of up to six months, and loyalty reward points. Clients will also receive a complimentary consultancy session for interior design. Mr. Anwar Murad of Al Salam Bank expressed the partnership's goal to provide innovative financing solutions, while Dr. Maher Al Shaer of Eagle Hills Diyar highlighted the strategic step in offering attractive financing options. This agreement aligns with Al Salam Bank's strategy to enhance its real estate financing offerings and support the housing sector.

1. Attached Document

Dubai Financial Market News profile image
Dubai Financial Market News
9 months ago
News Update From Ithmaar Holding B.S.C
Disclosure: Meeting Minutes - AGM

The ordinary general assembly meeting of Ithmaar Holding B.S.C. took place on Wednesday, March 26, 2025, at 1:30 PM in the Noble Hall of the Westin City Centre Bahrain Hotel, located in the Seef District, Kingdom of Bahrain. Attendees included notable figures such as His Royal Highness Prince Amr bin Mohammed Al Faisal Al Saud, Mr. Juma Hassan Abo, Sheikh Dr. Osama Bahr, Mr. Maysan Faisal Al Muscati, Mr. Thaqib Mahmood Mustafa, Sheikh Dr. Adel Al Marzouqi, Ms. Fatima Abdullah Mufiz, Mr. Ali Ahmed Ali Mohammed, Mr. Mahesh Balasubramaniam, Mr. Hassan Jassim, Ms. Nouf Al Balushi, Mr. Hussein Mohammed, Ms. Zahra Al Mahfoodh, Ms. Rayan Ali, and Mr. Ahmed Salman, who is the Chairman of the Board of Directors. Additional participants included members of the Board of Directors, the Sharia Supervisory Board, the Chief Executive Officer, the Chief Financial Officer, the Head of Execution and Sharia Coordination, the Head of Legal Affairs, Compliance and Anti-Money Laundering, the Company Secretary, representatives from KPMG as external auditors, representatives from the Islamic Financial Institutions Supervision Directorate of the Central Bank of Bahrain, representatives from the Financial Markets Supervision Directorate of the Central Bank of Bahrain, and a representative from the Ministry of Industry and Commerce.

1. Attached Document

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