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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: Assignment of Acting Chief Financial Officer

On March 19, 2025, GFH Financial Group B.S.C. announced the appointment of Mr. Bhaskar Mehta, the Chief Risk Officer, as the Acting Chief Financial Officer. This appointment follows the departure of Mr. Surya Hariharan from the position of Group Chief Financial Officer. Mr. Mehta will serve as Acting CFO until a permanent replacement is found. The announcement was made by Mariam Jowhary, Head of Compliance and AML.

1. Disclosure: Assignment of Acting Chief Financial Officer

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From GFH Financial Group B.S.C.
Disclosure: Assignment of Board Secretary

GFH Financial Group B.S.C. announced the appointment of Mr. Pietro De Libero as the Board Secretary in addition to his responsibilities as the Chief Legal Officer.

1. Disclosure: Assignment of Board Secretary

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Al Salam Bank B.S.C
Disclosure: Resolutions of General Assembly

Al Salam Bank B.S.C held its General Assembly Meeting on Wednesday, 19 March 2025, from 11:00 am to 12:10 am at The Ritz Carlton, Al Ghazal Hall 3 in Bahrain. The meeting was chaired by H.E. Shaikh Khalid Bin Mustahail Al Mashani. The quorum for the Annual General Meeting (AGM) was 75.43%, and for the Extraordinary General Meeting (EGM), it was 75.51%. Attendance was broken down into 0.06% personal attendance and 75.37% proxy attendance, with electronic voting also being utilized. The meeting included decisions and resolutions from the General Assembly.

1. Disclosure: Resolutions of General Assembly

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Gulf Navigation Holding PJSC
Disclosure: Resignation of BOD member

1. Disclosure: Resignation of BOD member

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Gulf Navigation Holding PJSC
Disclosure: Cancellation of BOD meeting

1. Disclosure: Cancellation of BOD meeting

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Union Properties PJSC
Disclosure: Invitation of General Assembly

The text is a disclosure regarding the approval of proxies, based on Clauses 1 and 2 of Article 40 of the Corporate Governance Manual. It informs shareholders that they can delegate someone, who is not a board member or company employee, to attend the general assembly on their behalf. The delegated person must have a written authorization stating their right to attend and vote, and they cannot represent more than 5% of the company's issued capital. Shareholders lacking legal capacity must be represented by their legal representatives. The shareholder's signature on the power of attorney must be approved by specific entities such as a notary public, a chamber of commerce, a licensed bank or company, financial markets, or any licensed entity for attestation. The proxy form should include the contact details of the shareholder and the brokerage firm that approved the proxy.

1. Disclosure: Invitation of General Assembly 2. Disclosure: Invitation of General Assembly 3. Disclosure: Invitation of General Assembly 4. Disclosure: Invitation of General Assembly

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Dubai Financial Market PJSC
DFM News: Resume trading on EMPOWER shares after disclosing the resolutions of its General Assembly
Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Emirates Central Cooling Systems Corporation PJSC
Disclosure: Press release

The Emirates Central Cooling Systems Corporation PJSC (Empower) held its Annual General Meeting (AGM) in Dubai, with a quorum of 89.9% of the company's paid-up share capital. The AGM approved a cash dividend distribution of AED 437.5 million for the second half of 2024, equivalent to 43.75% of the company's paid-up capital. The meeting, chaired by Saeed Mohammed Al Tayer, reviewed the company's performance, financial statements, and auditor's report for the year ending December 31, 2024. Empower, listed on the Dubai Financial Market since 2022, reported a record revenue of AED 3.26 billion and a net profit of AED 908 million for 2024. The company has committed to an annual payout of AED 850 million during the first two fiscal years post-listing, which was successfully distributed in two installments in 2024. Following this two-year commitment, Empower's shareholders approved annual dividend payments of AED 875 million for 2025 and 2026, to be disbursed in April and October each year.

1. Disclosure: Press release

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Emirates Central Cooling Systems Corporation PJSC
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 ORIENT Insurance PJSC
Disclosure: Integrated report for the year 2024

1. Disclosure: Integrated report for the year 2024

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