Latest Threads

The general assembly meeting of Emirates Islamic Bank (Public Joint Stock Company) is scheduled for 3:30 PM on Wednesday, March 19, 2025, at Dubai CommerCity, UAE, and online. The meeting will consider a special resolution to amend the Bank's Articles of Association by adding a new article, 14 (bis), which allows any person acquiring at least 90% plus one share of the company's issued share capital to make a mandatory offer requiring minority shareholders to sell or swap their shares. Electronic registration and voting will be available, with a registration link sent by text on March 18, 2025, to investors who have updated their KYC information with DFM. Investors are advised to update their KYC details before this date to receive the link automatically. If not received, investors can request it via email.

The Board of Directors of National Cement Company P.S.C is planning to make a decision by circulation on February 28, 2025. This decision will pertain to the governance report for the year 2024 and other company-related matters. The information has been communicated to the CEO of the Dubai Financial Market and the Securities and Commodities Authority has been copied on this correspondence.

The text provided appears to be a sequence of encoded data or identifiers, which do not convey any coherent narrative or information in a typical text format. Without a clear context or decoding key, it is not possible to derive a meaningful summary from this content.

Dubai Taxi Company (DTC) has entered a five-year exclusive partnership with Dubai Airports to provide taxi services at Dubai International and Dubai World Central - Al Maktoum International. This agreement aims to accommodate the increasing number of tourists and visitors, with airport taxi trips expected to exceed 8 million by 2029 and projected revenues of AED 2.5 billion over five years. In 2024, Dubai Airports welcomed 93 million guests, resulting in 6 million taxi and limousine trips. DTC has been collaborating with Dubai Airports since 1997 and has expanded to become Dubai's leading taxi operator, currently managing a fleet of about 900 taxis and 500 premium limousines.

Emirates Islamic Bank (P.J.S.C.) has received a notification from Emirates NBD (P.J.S.C.) regarding a mandatory cash offer to acquire all of its shares. This acquisition would result in Emirates NBD owning 100% of the issued and paid-up ordinary shares of Emirates Islamic Bank for AED 11.95 per share. The matter has been presented to the Board of Directors of Emirates Islamic Bank, and necessary procedures will be followed according to the Securities and Commodities Authority's regulations on mergers and acquisitions. The Board has considered the offer through a resolution passed by circulation.

The document is a formal communication from Emirates Islamic Bank to Mr. Hamed Ahmed Ali, the Chief Executive Officer of the Dubai Financial Market, summarizing the resolutions adopted during the 49th General Assembly Meeting held on 24 February 2025. The resolutions include the approval of the Board of Directors' report on the bank's activities and financial statements for the year ending 31 December 2024, the external auditor's report, the Internal Shari’ah Supervision Committee's report, and the bank's audited balance sheet and profit and loss account for the same period. Additionally, the remuneration for the Board of Directors was set at AED 7 million, with a sitting fee of AED 20,000 for each attendance at the Board Committee meetings.

GFH Financial Group announced the acquisition of 7,448,120 treasury shares, increasing its total treasury shares from 236,287,797 (6.17% of total issued shares) to 243,735,917 (6.36% of total issued shares) as of February 24, 2025. The decision was made at a board meeting on March 24, 2024, and approved by the relevant authority on February 16, 2025. The purchase was completed at an average price of 0.3220 USD per share, representing 0.194% of the issued capital. There are 139,523,466 shares remaining for purchase. The announcement was made by Mariam Jowhary, Head of Compliance & AML.

Union Coop has announced that its Board of Directors will hold a meeting on Thursday, February 27, 2025, at 4:30 PM. The agenda includes discussions on the proposed dividend distributions for 2024 and updates on regular business matters. The announcement is addressed to H.E. Hamed Ahmed Ali, the Chief Executive Officer of the Dubai Financial Market.

Al Salam Bank has partnered with talabat to launch an exclusive Ramadan 2025 offer, providing a free one-year subscription to talabat pro for its credit and prepaid cardholders. This offer includes benefits such as unlimited free delivery and exclusive discounts, available to the first 3,500 cardholders who register through a dedicated link in the talabat app between February 23 and March 29, 2025. The initiative aims to enhance the digital shopping experience during Ramadan. Mohammed Buhijji of Al Salam Bank and Moayad Aqel of talabat Bahrain expressed their enthusiasm for the collaboration, highlighting the value it brings to clients. Those interested can subscribe via the talabat app or contact Al Salam Bank for more information.