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InvestorAct

InvestorAct is a financial news platform that provides the latest news, analysis, and press releases for companies in the UAE

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Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From Agility The Public Warehousing Company (K.S.C.)
Disclosure: Clarification from the company

1. Disclosure: Clarification from the company

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

GFH Financial Group has announced the purchase of 4,730,000 treasury shares, increasing its total treasury shares from 329,030,623 (8.59% of total issued shares) to 333,760,623 (8.71% of total issued shares) as of March 14, 2025. The decision was made at a board meeting on February 24, 2025, with approval from the relevant authority on February 16, 2025. The average purchase price was 0.3124 USD per share, and the purchased shares represent 0.123% of the issued capital. There are 49,498,760 shares remaining for purchase. The announcement was made by Mariam Jowhary, Head of Compliance & AML.

1. Disclosure: Post share buyback announcement

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From National Central Cooling Co.
Disclosure: Integrated report for the year 2024

1. Disclosure: Integrated report for the year 2024

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Emirates Investment Bank PJSC
Disclosure: Opens the nominations for BOD membership

Emirates Investment Bank (Public Joint-Stock Company) has announced the opening of nominations for its Board of Directors from March 17, 2025, to March 27, 2025. Shareholders who meet the eligibility criteria can apply for one of the two available Board positions by submitting an application, including an introductory profile and their intended role (non-executive or independent member), to the Bank's Head Office in Dubai. The nomination process adheres to specific legal and governance requirements, including submitting necessary documents and fulfilling conditions outlined in relevant laws and the company's Articles of Association. The list of candidates will be published on March 28, 2025, and shared with the Securities and Commodities Authority and the Market.

1. Disclosure: Opens the nominations for BOD membership

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Emaar Properties PJSC
Disclosure: Integrated report for the year 2024

1. Disclosure: Integrated report for the year 2024

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Alliance Insurance
Disclosure: Results of Board Decisions by Passing

1. Disclosure: Results of Board Decisions by Passing

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Dubai Islamic Bank
Disclosure: Press release

Dubai Islamic Bank (DIB) held its Annual General Assembly, where shareholders approved a 45% cash dividend for 2024 following record-breaking financial performance. The bank reported a pre-tax profit exceeding AED 9.0 billion and a total income of AED 23.3 billion, marking a 16% growth from the previous year. DIB's assets expanded by 9.7% to AED 345 billion, with net financing and Sukuk investments increasing by 10.1% to AED 295 billion. Shareholders also approved governance matters, including the appointment of the Internal Sharia Supervision Committee and external auditors for 2025. Chairman Mohammed Ibrahim Al Shaibani highlighted the UAE's economic resilience and DIB's role in contributing to the nation's prosperity. CEO Dr. Adnan Chilwan emphasized the bank's strategic achievements and leadership in Islamic finance.

1. Disclosure: Press release

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Dubai Insurance Co. PSC
Disclosure: Integrated report for the year 2024

Dubai Insurance Company has released its 2024 Integrated Report, which includes the Board of Director’s Report, Auditor’s Report, Financial Statement, Corporate Governance Report, and Sustainability Report.

1. Disclosure: Integrated report for the year 2024

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Emirates NBD PJSC
Disclosure: Notification from the company

Since January 2023, there has been press speculation about Emirates NBD Bank PJSC being involved in potential acquisitions in the region, including in Egypt. The bank regularly explores growth opportunities through both internal resources and external operations like mergers and acquisitions. Emirates NBD confirms that, to date, there have been no material developments necessitating a specific announcement regarding these speculations. Should any significant developments occur, the bank will disclose them in accordance with its regulatory obligations. For further inquiries, contact Patrick Clerkin, Group Head of Investor Relations, or Ibrahim Sowaidan, Group Corporate Affairs.

1. Disclosure: Notification from the company

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From ORIENT Insurance PJSC
Disclosure: Invitation of General Assembly

The Board of Directors of Orient Insurance (PJSC) is inviting shareholders to attend the Annual General Assembly Meeting on April 8, 2025, at 11:00 AM. The meeting will be held both in person at the Orient building in Dubai Festival City and online via the Teams platform. The agenda includes reviewing and approving reports from the Board of Directors and auditors for the financial year ending December 31, 2024, discussing and approving the company's financial statements, and considering a proposal for an 80% cash dividend distribution totaling 400 million dirhams. Other items include discharging board members and auditors from liability, approving internal policies, and setting remuneration for board and senior executive management. The meeting will also address transactions with related parties and appoint auditors for the 2025 financial year.

1. Disclosure: Invitation of General Assembly

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