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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 Salik Company PJSC
Disclosure: Results of BOD Meeting

1. Disclosure: Results of BOD Meeting

Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From Emirates Central Cooling Systems Corporation PJSC
Disclosure: Press release

Emirates Central Cooling Systems Corporation (Empower), a leading district cooling services provider, has increased the employment of Emirati nationals in professional and administrative roles, achieving significant growth in Emiratisation by the end of 2024. Female employees make up 45.37% of Empower's Emirati workforce, while male employees represent 54.63%, demonstrating the company's commitment to gender balance and national talent development. CEO Ahmad bin Shafar highlighted Empower's focus on enhancing UAE human capital, increasing engagement in strategic sectors, and equipping Emiratis for future challenges. Empower's strategic plan aligns with the UAE government's vision to boost Emiratisation and recognizes the importance of integrating Emirati women into the workforce as equal partners in the nation's development.

1. Disclosure: Press release

Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From Dubai Financial Market PJSC
DFM News: Resume trading on ALRAMZ shares after disclosing the results of its BOD meeting
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 SALIK shares starting from 9:30 AM as its BOD meeting is being held today, 04-03-2025 and until results 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: Today, 04/03/2025 is the last trading date to entitle for EMIRATESNBD’s cash dividend
Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From Dubai Financial Market PJSC
DFM News: Resume trading on NAHO shares after disclosing the results of its BOD meeting
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 B.S.C. announced that it has purchased 11,264,132 treasury shares, increasing its total treasury shares from 266,151,591 (6.94% of total issued shares) to 277,415,723 (7.24% of total issued shares) as of March 3, 2025. The decision was made during a board meeting on February 24, 2025, and received approval from the relevant authority on February 16, 2025. The average purchase price was 0.3169 USD per share, representing 0.294% of the issued capital. There are 105,843,660 shares remaining for purchase. The announcement was made by Mariam Jowhary, 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 Al Ramz Corporation Investment and Development PJSC
Disclosure: Press release

Al Ramz Corporation PJSC, a financial services institution in Dubai, announced its 2024 financial results, highlighting strategic investments and foundational growth. The company reported a net profit of AED 16 million and a 24% increase in total assets, reaching AED 1.5 billion. The customer base grew by 190%, with client funds rising by 19%. Despite a decline in net profit, revenue remained strong at AED 100 million. The year was marked by the launch of a proprietary social trading platform, enhancing the trading experience through advanced technology. The firm expanded its market reach with innovative products and a focus on financial inclusion, resulting in significant growth in new markets and user engagement.

1. Disclosure: Press release

Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From Al Ramz Corporation Investment and Development PJSC
Disclosure: Financial statements for the 4th QTR of 2024

1. Disclosure: Financial statements for the 4th QTR of 2024

Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From National Central Cooling Co.
Disclosure: Notification from the company

Sean Magee, the Board Secretary, informed H.E. Waleed Saeed Abdul Salam Al Awadhi, CEO of the Securities & Commodities Authority, and H.E. Hamed Ahmad Ali, CEO of the Dubai Financial Market, about the pricing of USD 700 million green sukuk by the National Central Cooling Company PJSC ("Tabreed"). These sukuk are issued in a Regulation S format with a five-year tenor and a profit rate of 5.279%. The issuance is supported by investment-grade credit ratings from Moody's and Fitch, rated "Baa3" and "BBB" respectively. The proceeds will be used to finance or refinance projects aligned with Tabreed’s Green Financing Framework. The sukuk is expected to be settled this week.

1. Disclosure: Notification from the company

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