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The second Board of Directors meeting of Drake & Scull International PJSC for the year 2025, scheduled for March 25th at 3:00 PM, was not held due to a lack of quorum. Consequently, the meeting has been postponed to March 26th, 2025, at 3:00 PM at the company's offices.
The Annual General Assembly Meeting of the National Central Cooling Company PJSC ("Tabreed") took place on March 25, 2025. During this meeting, shareholders approved a special resolution authorizing the company's Board of Directors to issue non-convertible bonds, sukuk, or similar instruments. The issuance can be conducted directly or through a special purpose vehicle, in one or more tranches, with a total nominal value not exceeding USD 2 billion or its equivalent in other currencies. The Board of Directors is also authorized to determine the date of issuance and other related terms.
The Dubai Financial Market (DFM) will adjust its Equity Futures Contracts for AIRARABIA following the shareholders' approval of a cash dividend payment of AED 0.25 per share. This adjustment will take effect on March 26, 2025, the Ex-Day for the dividend distribution. The contracts being adjusted include AIRARB FUT for April, May, and June 2025. The price adjustments involve multiplying the previous day's settlement price by an adjustment ratio of 0.928161 to determine the new prices for trading on March 26, 2025, which will serve as the reference prices. Further details are available on the DFM website. The information is subject to change and should not replace the official Dubai Financial Market Regulated Derivative Contract Trading Regulation.
The Dubai Financial Market (DFM) announced an adjustment to its Equity Futures Contracts for "DU" due to a cash dividend payment of AED 0.34 per share approved by "DU" shareholders. Effective March 26, 2025, the adjustment affects the futures contracts for April, May, and June 2025. The price adjustment involves a ratio of 0.958537, affecting the previous day's settlement prices, which will be used as reference prices for trading on March 26, 2025. This announcement is available on the DFM website, and any changes are subject to the Dubai Financial Market Regulated Derivative Contract Trading Regulation.
Al Salam Bank in Bahrain has achieved the ISO 9001:2015 Quality Management System Certification for its Shari’a Audit Department for the second consecutive time. This certification, awarded by Lloyd’s Register Quality Assurance Limited and accredited by the United Kingdom Accreditation Service, makes Al Salam Bank the first Islamic bank in Bahrain to receive this recognition. The certification highlights the bank's commitment to global quality management standards and reflects the efforts of its Shari’a Audit Department in maintaining high professional standards. The ISO 9001:2015 certification is a renowned standard for quality management, ensuring improved performance, quality control, and compliance with legal and regulatory requirements. Mr. Ehab Ahmed, Deputy CEO of Corporate Affairs at Al Salam Bank, expressed satisfaction with the achievement, emphasizing the bank's dedication to adopting best practices, enhancing operational efficiency, and providing quality banking services.