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GFH Financial Group announced that it has purchased 6,064,000 treasury shares, increasing its total treasury shares from 252,889,653 (6.60% of the total issued shares) to 258,953,653 (6.76% of the total issued shares) as of February 27, 2025. The decision to purchase was made at a board meeting on March 24, 2024, and approved by the relevant authority on February 16, 2025. The average purchase price was 0.3213 USD per share, with 124,305,730 shares remaining available for purchase. The announcement was made by Mariam Jowhary, Head of Compliance & AML.
The Annual General Assembly meeting of Ajman Bank was held on February 27, 2025, both in person and electronically. The meeting resulted in several resolutions: approval of the Board of Directors' report, the external auditor's report, the Internal Shari’ah Supervisory Committee's report, and the bank's financial statements for the year ending December 31, 2024. Additionally, the assembly approved a cash dividend distribution of 7.25% of the capital, remuneration for the Board of Directors, and the discharge of liability for both the Board and external auditors for the financial year 2024. Deloitte was appointed as the external auditor for 2025. A special resolution was passed to establish a USD 1.5 billion Sukuk Issuance Programme, to be completed within a year, with specific conditions regarding the issuance of sukuk.
A notice has been issued regarding a Board of Directors meeting for Salik Company (PJSC), scheduled for Tuesday, March 4, 2025, at 9:00 AM. The meeting agenda includes the review and approval of the audited financial statements for the year ending December 31, 2024, the review and approval of the Corporate Governance Report for 2024, and discussions on the Annual General Assembly invitation, agenda, and meeting schedule. Other business matters that do not impact the stock price will also be considered. The notice is addressed to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, and is signed by Ibrahim Sultan Al Haddad, CEO of Salik Company.
Mashreqbank P.S.C. held its Annual General Assembly Meeting on February 27, 2025, at 10:00 a.m. at its head office in Dubai, with both physical and virtual attendance options. The meeting was chaired by H.E. Abdulaziz Al Ghurair, and had a quorum of 90.91% attendance. Shaima Al Obeidli served as the Secretary of the Meeting, and Lumi was responsible for vote collection. The assembly approved the Board of Directors’ report on the bank’s activities and financial position for the year ending December 31, 2024, as well as the auditor’s report for the same period.