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On April 17, 2025, Agility Public Warehousing Company announced the results of a Board of Directors meeting. The board discussed a proposal for capital reduction and reviewed nominations for board membership. Two key resolutions were made: first, the board requested management to conduct a detailed study to determine the optimal capital level to maximize shareholder value, postponing a decision on this matter; second, they approved extending the nomination period for board membership by an additional week, ending on April 24, 2025, to increase the number of candidates and enhance the company's leadership.
Takaful Emarat Insurance (P.S.C), a public shareholding company based in Dubai, UAE, issued a clarification on April 17, 2025, regarding a statement by the Insurance Authority in Saudi Arabia. The company emphasized that it has no legal or commercial relationship with "Takaful Emarat Insurance Services," a Saudi company that was suspended from practicing insurance brokerage activities. Takaful Emarat Insurance (P.S.C) clarified that it is a national insurance company licensed by the Central Bank of the UAE, operating under UAE federal law and regulations. This statement aims to prevent confusion due to the similarity in names and to maintain transparency for clients and business partners. For further inquiries, contact investor.relations@takafulemarat.com. The clarification was signed by Adnan Sabaalaish, Acting CEO.
GFH Financial Group B.S.C. announced that it has purchased 1,500,000 treasury shares, increasing its total treasury shares from 194,326,941 (5.07% of total issued shares) to 195,826,941 (5.11% of total issued shares) as of April 17, 2025. The decision to purchase was made by the company's board of directors on March 24, 2025, and approved by the relevant authority on February 16, 2025. The shares were purchased at an average price of 0.2909 USD, representing 0.039% of the issued capital. There are 187,432,442 shares remaining for purchase. The announcement was made by Mariam Jowhary, Head of Compliance and AML.
The Dubai Financial Market (DFM) announced a contract adjustment for SALIK Equity Futures due to a cash dividend payment of AED 0.082645 per share approved by Salik Company PJSC shareholders. Effective April 18, 2025, the adjustment affects three SALIK futures contracts for May, June, and July 2025. The adjustment involves a price adjustment ratio of 0.983795, impacting the previous day's settlement prices. The adjusted prices will serve as the reference prices for trading on April 18, 2025. This announcement, subject to change, is available on the DFM website.
The Dubai Financial Market (DFM) has announced the expiry settlement prices for equity futures contracts expiring in April 2025. The contracts listed include AIRARB, ANSRI, ARMX, DEWA, DEYAAR, DFMGI, DFM, DIB, DIC, DU, EMAAR, EMPWR, EMRDEV, ENBD, GFH, SALIK, and SHUAA, with prices ranging from 0.240 AED to 19.300 AED. The detailed list of contracts, along with their respective series codes, settlement prices, currencies, and contract IDs, is available on the DFM website. The announcement includes a disclaimer stating that the information is subject to change and advises consulting the Dubai Financial Market Regulated Derivative Contract Trading Regulation for official guidance.