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Dubai Insurance Co. has informed Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, that the Board of Directors will make a decision by circulation regarding the dividend distribution percentage to shareholders on Thursday, March 6, 2025. The notification is signed by Sahem Abdelhaq, Head of Legal.
The text is the title of the National Cement Company P.S.C.'s Integrated Report for 2024, with a focus on contributing to a better future and a better world.
Drake & Scull International PJSC issued a clarification regarding their recent disclosure about winning two major contracts in the "Arabian Hills" project, valued at over AED 1 billion. The project will be financed through the company's cash resources and available bank facilities. They anticipate a profit margin between 8% and 10%, with revenues recognized based on the completion percentage during the project's execution. The project is expected to be completed by the end of 2027. The company will continue to update shareholders on the project's progress in line with disclosure regulations.
GFH Financial Group B.S.C. announced that it has purchased 2,797,938 of its own shares, increasing its treasury shares from 258,953,653 (6.76% of total issued shares) to 261,751,591 (6.83% of total issued shares) as of February 28, 2025. The board of directors made the decision on March 24, 2024, and the purchase was approved by the relevant authority on February 16, 2025. The shares were bought at an average price of 0.3200 USD each, representing 0.073% of the issued capital. There are 121,507,792 shares remaining for purchase. The announcement was made by Mariam Jowhary, Head of Compliance & AML.
The Board of Directors of National Cement Company P.S.C. made decisions on February 28, 2025. They approved the governance report for 2024 and addressed several business-related matters. This information was communicated to Mr. Hamed Ahmed Ali, CEO of Dubai Financial Market, and copied to the Securities and Commodities Authority.