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The Dubai Financial Market (DFM) has released the expiry settlement prices for its equity futures contracts set to expire in February 2025. The settlement prices for various contracts are listed, including AIRARB at 3.390 AED, ANSRI at 0.980 AED, ARMX at 2.830 AED, and others. Notably, EMAAR is priced at 14.250 AED and ENBD at 21.150 AED. The complete list and further details are available on the DFM website. The document includes a disclaimer noting that the information is subject to change and emphasizes that it does not replace the official Dubai Financial Market Regulated Derivative Contract Trading Regulation.
Dubai Insurance Company held a Board of Directors meeting on February 20, 2025, at 11:30 am at the company's headquarters. The board approved the financial results for 2024, which will be published after receiving approval from the Central Bank of the UAE (CBUAE). Additionally, they approved proceeding with the Annual General Meeting (AGM) procedures, pending approval from the CBUAE and the Securities and Commodities Authority (SCA). The communication was signed by Sahem Abdel Haq, Head of Legal.
Al Ansari Exchange, the Ras Al Khaimah Government, and the Emirates Foundation have formed a strategic alliance to launch a business development center in Ras Al Khaimah, UAE. This initiative is part of the Emirates Foundation's 'Dawamee' program and aims to empower local talent, expand career opportunities, and promote economic and social development. The project aligns with the directives of Sheikh Mohamed bin Zayed Al Nahyan, designating 2025 as the 'Year of the Community.' The initiative includes educational workshops, job creation, and training programs, particularly targeting housewives, people of determination, and residents in remote areas. The collaboration seeks to create 250 jobs at Al Ansari Exchange over three years and aims to strengthen Emiratization efforts through public-private sector cooperation, promoting social responsibility and comprehensive national development.
GFH Financial Group B.S.C. is inviting its shareholders to the Annual and Extraordinary General Meeting on March 13, 2025, at GFH House, Bahrain Financial Harbour. If a quorum is not met, subsequent meetings are scheduled for March 20 and March 27, 2025. The agenda includes ratifying previous meeting minutes, discussing reports on the group's business activities, and approving the financial statements for 2024. The board recommends allocating profits, including transferring funds to reserves and distributing dividends. The meeting will also address remuneration for the board, corporate governance, transactions with related parties, share buybacks, and the appointment of external auditors. The Extraordinary General Meeting will focus on approving the issuance of financial instruments to improve capital ratios. Shareholders are advised to follow specific procedures to attend, including submitting proxy forms in advance. Special accommodations are available for individuals with special needs. For inquiries, shareholders can contact the Investor Relations Department.
Dubai Taxi Company PJSC (DTC) reported a 19% year-on-year growth in EBITDA for FY 2024, reaching AED 584.4 million, with revenue increasing by 12% to AED 2.20 billion. The company completed 49 million trips across its taxi and limousine segments, marking a 6% increase from the previous year, and expanded its operational taxi fleet by 744 vehicles, raising its market share to 47%. The EBITDA margin improved by 1.6 percentage points to 27%, and net profit rose 18% to AED 331.3 million, excluding interest and tax. DTC launched a new five-year strategy focused on innovation and excellence and reported a successful partnership with Bolt, completing over one million trips between December and mid-January. The Board of Directors recommended final dividends of AED 122.3 million, totaling AED 281.6 million for the year. The growth was supported by Dubai's population and tourism increase, as well as urban expansion. The taxi segment's revenue rose by 12% to AED 1.92 billion, and the limousine segment saw an 8% revenue increase to AED 124.5 million. The bus segment also performed well, with an 11% revenue increase to AED 119.2 million.