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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
a year ago
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.

1. Disclosure: Notification regarding Capital Increase Activation

Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
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.

1. Disclosure: Press release

Dubai Financial Market News profile image
Dubai Financial Market News
a year 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
a year 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. DFM News: Reminder: General Assembly of ORIENT is being held on 08/04/2025

Dubai Financial Market News profile image
Dubai Financial Market News
a year 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. DFM News: Futures contracts – New Contract Series

Dubai Financial Market News profile image
Dubai Financial Market News
a year 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. Disclosure: Notification from the company

Dubai Financial Market News profile image
Dubai Financial Market News
a year 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. Disclosure: Post share buyback announcement

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

1. Disclosure: Supplementary Disclosure

Dubai Financial Market News profile image
Dubai Financial Market News
a year 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. Disclosure: Resolutions of General Assembly

Dubai Financial Market News profile image
Dubai Financial Market News
a year 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. Disclosure: Invitation of General Assembly 2. Disclosure: Invitation of General Assembly 3. Disclosure: Invitation of General Assembly

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