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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
2 years ago
News Update From Dubai Investments PJSC
Disclosure: Press release regarding financial results for 2024

Dubai Investments PJSC reported a net profit before tax of AED 1.3 billion for the fiscal year ending December 31, 2024, marking a 21% increase from the previous year. The company's total income reached AED 4.66 billion, driven by strong real estate sales and increased rental income. Total assets grew to AED 22.10 billion by the end of 2024. The board proposed an 18% cash dividend for 2024, reflecting a commitment to shareholder value. The company plans to focus on growth by evaluating investment opportunities, strategic divestments, and potential IPOs to enhance market presence and shareholder value.

1. Disclosure: Press release regarding financial results for 2024

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Amlak Finance P.J.S.C
Disclosure: BOD meeting

A meeting for Amlak Finance PJSC is scheduled for Wednesday, 19 March 2025, at 3:00 PM. The agenda includes calling for the Annual General Meeting and discussions on the company's normal business activities and updates. The authorized signatory is Lama Takieddin, who holds the position of Head of Corporate Governance & Company Secretary.

1. Disclosure: BOD meeting

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From SHUAA Capital PSC
Disclosure: Clarification from the company

Shuaa Capital PSC, a licensed financial investment company regulated by the Securities and Commodities Authority, issued a clarification regarding a disclosure made by Eshraq Investments PSC on March 13, 2025. The disclosure concerned decisions by the board of Shuaa Capital made on March 12, 2025. Shuaa Capital highlighted that on February 10, 2025, it received an irrevocable binding commitment from Eshraq Investments to subscribe to convertible bonds worth 50 million AED. This commitment was formalized in a legally binding letter, and Shuaa Capital disclosed this commitment to the market on the same day. Based on this binding and irrevocable commitment, along with similar commitments from two other investors, Shuaa Capital initiated the necessary regulatory procedures to issue the convertible bonds.

1. Disclosure: Clarification from the company

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Dubai Financial Market PJSC
DFM News: Reminder: Today, 14/03/2025 is the ex-dividend date for CBD shares
Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Dubai Financial Market PJSC
DFM News: Notice: Dubai Financial Market announces that the insider trading prohibited period for the first quarter of 2025 will begin on March 17, 2025, and will continue until the disclosure of the financial statements.
Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From GFH Financial Group B.S.C.
Disclosure: Postponing General Assembly

On 13th March 2025, GFH Financial Group announced that the Ordinary and Extraordinary General Meetings scheduled for that day did not achieve the required quorum, with only 39.03% attendance. As a result, the meetings have been rescheduled for 20th March 2025 at 9:30 p.m. at the same location. The company also provided updated dividend distribution dates, contingent on the quorum being met on the new meeting date. The key dates include the General Meeting on 20th March, the Cum-Dividend Date on 24th March, the Ex-Dividend Date on 25th March, and the Payment Date on 9th April 2025. The record dates vary for different stock exchanges. Mariam Jowhary, Head of Compliance & AML, signed the announcement.

1. Disclosure: Postponing General Assembly

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Dubai Investments PJSC
Disclosure: Financial statements for the year of 2024

1. Disclosure: Financial statements for the year of 2024

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Dubai Investments PJSC
Disclosure: Results of BOD Meeting

1. Disclosure: Results of BOD Meeting

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Gulf Navigation Holding PJSC
Disclosure: Press release

Gulf Navigation Holding PJSC (GULFNAV), a company listed on the Dubai Financial Market, announced that its shareholders have approved the acquisition of assets and companies owned by Brooge Energy Limited (BEL) for AED 3.2 billion. The approval was given at a General Assembly Meeting on March 13, 2025. The acquisition includes Brooge Petroleum and Gas Investment Company FZE and its related entities. This move is expected to enhance GULFNAV's capabilities and market position in the midstream oil & gas and logistics sectors. The transaction will be settled through a mix of cash, newly issued shares, and Mandatory Convertible Bonds (MCBs). New shares and MCBs will be issued to BEL, with additional MCBs offered to existing GULFNAV shareholders. A cash payment of AED 460 million is also part of the settlement. The acquisition is part of GULFNAV's strategy to strengthen its presence in the energy sector by expanding storage and logistics capabilities, leveraging BEL's advanced infrastructure to improve operations and add value for stakeholders.

1. Disclosure: Press release

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Gulf Navigation Holding PJSC
Disclosure: Resolutions of General Assembly

The General Assembly of Gulf Navigation Holding PJSC was held on March 13, 2025, both in person at the Novotel Hotel in Dubai and electronically. The assembly made several resolutions: 1. They approved the presentation concerning the acquisition transaction and the increase in share capital, which involves the conversion of mandatory convertible bonds into shares to acquire companies and assets owned by Brooge Energy Limited. 2. They did not approve the valuation report prepared by an independent valuer appointed by the Securities and Commodities Authority, and the implications of this valuation were presented to the shareholders and the company. 3. They approved the valuation report prepared by the company's advisor for both the company and the acquired companies, with the Board of Directors recommending shareholder approval of this valuation.

1. Disclosure: Resolutions of General Assembly

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