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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
a year ago
News Update From Dubai Financial Market PJSC
DFM News: Suspend trading on DRC shares starting from 12:00 PM as its General Assembly is being held today, 12/03/2025 and until resolutions are disclosed
Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From Dubai Financial Market PJSC
DFM News: Reminder: General Assembly of DRC is being held on 12/03/2025

The Board of Directors of Dubai Refreshment (PJSC) invites shareholders to the annual General Assembly meeting on March 12, 2025, at 12:00 PM. The meeting will be held electronically and at the company's premises in Dubai Investment Park 2. The agenda includes approving the Board of Directors' and Auditor’s reports, discussing the company's financial statements for the fiscal year ending December 31, 2024, and deciding on board member remuneration. The meeting will also involve discharging the Board and auditors for the fiscal year 2024, appointing auditors for 2025, and determining their fees. Shareholders will consider a proposal for a dividend distribution of AED 90 million and approve the appointment of Mrs. Fareeda Mohammed Rafee Salmanpour and Mr. Mohammed Saeed Rashid Ali Al Shehhi as board members. Additionally, there will be a special resolution to authorize the Board to make voluntary contributions in 2025, not exceeding 2% of the average net profits of the preceding two years. Shareholders may delegate a representative to attend, with certain restrictions on proxy representation.

1. DFM News: Reminder: General Assembly of DRC is being held on 12/03/2025

Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From GFH Financial Group B.S.C.
Disclosure: Post share buyback announcement

GFH Financial Group has announced the purchase of 8,212,483 treasury shares, increasing its total holding of treasury shares from 297,724,647 (7.77% of total issued shares) to 305,937,130 (7.98% of total issued shares) as of March 11, 2025. The decision to purchase was made at a board meeting on March 24, 2024, with approval from the relevant authority on February 16, 2025. The average purchase price was 0.3100 USD per share, representing 0.214% of the issued capital. There are 77,322,253 shares remaining available for purchase. The announcement was made by Mariam Jowhary, the Head of Compliance & AML.

1. Disclosure: Post share buyback announcement

Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From Ithmaar Holding B.S.C
Disclosure: Integrated report for the year 2024

1. Disclosure: Integrated report for the year 2024

Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From Ithmaar Holding B.S.C
Disclosure: Corporate Governance report 2024

1. Disclosure: Corporate Governance report 2024

Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From Alliance Insurance
Disclosure: Board Decisions by Passing

1. Disclosure: Board Decisions by Passing

Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From Dubai Electricity & Water Authority PJSC
Disclosure: Nominees for Board of Directors membership

The Dubai Electricity and Water Authority (DEWA) has announced the closure of the nomination period for its Board of Directors membership, which ended on March 10, 2025. This process is in accordance with Federal Decree Law No. 32 of 2021 on Commercial Companies and the Securities and Commodities Authority's Corporate Governance Guide. The candidates who submitted their applications during the nomination period have been vetted by the Board ESG, Nomination, and Remuneration Committee. The election for the Board of Directors will occur during the Annual General Assembly meeting on March 21, 2025, at 11 a.m. The list of candidates is provided on the following page. This announcement is issued by Aakash Nijhawan, Group Head of Investor Relations, on behalf of DEWA.

1. Disclosure: Nominees for Board of Directors membership

Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From International Financial Advisors K.S.C.C.
Disclosure: BOD meeting

1. Disclosure: BOD meeting

Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From Al Salam Bank B.S.C
Disclosure: Press release

Al Salam Bank, in partnership with Solidarity Bahrain, has launched a Ramadan campaign offering a 15% cashback on comprehensive Takaful Motor insurance. This offer, valid until March 31, 2025, is available to Al Salam Bank clients who own or plan to purchase a vehicle. Additionally, clients can receive a 15% discount on Takaful Travel and Takaful Property insurance during Ramadan. The bank aims to provide seamless access to these services through various channels and emphasizes its commitment to Sharia-compliant products. Mr. Mohammed Buhijji, Head of Retail Banking, highlighted the campaign's goal of offering value-added benefits to reduce clients' financial burdens. For more information, clients can visit the bank's website, contact via WhatsApp, or use the Skiplino app to book an appointment.

1. Disclosure: Press release

Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From Dubai Financial Market PJSC
Disclosure: Results of Board Decisions by Passing

On 11 March 2025, a communication was made regarding a resolution passed by the Board of Directors of the Dubai Financial Market (PJSC). This resolution, passed by circulation, pertains to an internal matter of the company. The notification references a previous disclosure made by the company on 6 March 2025.

1. Disclosure: Results of Board Decisions by Passing

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