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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 GFH Financial Group B.S.C.
Disclosure: Resolutions of General Assembly

The GFH Financial Group B.S.C. held its Ordinary and Extraordinary General Meeting on March 20, 2025, at GFH House, Bahrain Financial Harbour. The meeting was chaired by Mr. Abdulmohsen Al Rashed and had a quorum of 46.42%. During the meeting, several agenda items were approved, including the minutes from the previous meeting on October 9, 2024, the Board of Directors' report, the Sharia Supervisory Board's report, the external auditor's report, and the consolidated financial statements for the year ending December 31, 2024. Additionally, the Board's recommendation for the allocation of the 2024 net profit was approved, which involves transferring $11,850,400 to the statutory reserve, allocating $1,500,000 to the Zakat Fund, distributing cash dividends of 6.2% of the nominal value of ordinary shares (excluding treasury shares) up to $61 million, and transferring approximately $44,153,600 as retained earnings for the next year.

1. Disclosure: Resolutions of General Assembly

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Watania International Holding 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 UNIKAI FOODS P.J.S.C.
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 UNIKAI FOODS P.J.S.C.
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 GFH Financial Group B.S.C.
Disclosure: Post share buyback announcement

GFH Financial Group B.S.C. announced that it has purchased 2,950,000 of its own shares, increasing its treasury shares from 343,317,303 (8.96% of total issued shares) to 346,267,303 (9.03% of total issued shares) as of March 20, 2025. The decision to purchase these shares was made during a board meeting on March 24, 2024, and received approval from the relevant authority on February 16, 2025. The average purchase price was USD 0.31 per share, and the shares purchased represent 0.07% of the issued capital. There are 36,992,080 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 Al Mazaya Holding Company
Disclosure: Appointment of a BOD member

1. Disclosure: Appointment of a BOD member

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Al Mazaya Holding Company
Disclosure: Postponing General Assembly

1. Disclosure: Postponing General Assembly

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Al Mazaya Holding Company
Disclosure: Postponing General Assembly

1. Disclosure: Postponing General Assembly

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Al Mazaya Holding Company
Disclosure: Resolutions of General Assembly

1. Disclosure: Resolutions of General Assembly

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Dubai National Insurance & Reinsurance
Disclosure: Results of BOD Meeting

1. Disclosure: Results of BOD Meeting

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