Latest Threads
Check out what has been happening in the community
Check out what has been happening in the community
Al Ansari Financial Services PJSC announced that its shareholders have approved a total cash dividend of AED 315 million for 2024, which is 78% of the company's net profit after tax. This includes a final dividend payment of AED 157.5 million for the second half of 2024, following an interim dividend of the same amount distributed in October 2024. Chairman Mohammad A. Al Ansari emphasized the company's commitment to shareholder value and strategic growth, despite market challenges. As part of its growth strategy, Al Ansari Financial Services is set to acquire BFC Group Holding for AED 735 million, which will expand its regional presence and strengthen its market position. The acquisition will make it the largest exchange company in Bahrain and the third largest in Kuwait, while also enhancing its presence in India. The company aims to maintain strong financial fundamentals and deliver sustainable shareholder value.
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.