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The document is an announcement from Sukoon Insurance PJSC regarding the list of candidates for the company's Board of Directors. The nomination period for the Board was closed on January 7, 2025, and the candidates have been vetted by the Board Nomination and Remuneration Committee and approved by the Central Bank of the UAE. The election will take place during the Annual General Assembly meeting on February 28, 2025, at 11:00 AM. The candidates listed are Badr Abdulla Ahmad Al Ghurair, Hamda Moosa Abdulla Hussain Alshamali, Mohamed Salah Abdel Hamid Abdel Razek, Oliver Thorsten Christian Lang, Paolo De Martin, Saood AbdulAziz Abdulla Ahmad AlGhurair, Abdulla Mohammad Khalifa S Bin Habtoor, and Khulood Khalil Ibrahim Qayed. The announcement is addressed to Mr. Hamed Ahmad Ali, Executive Chief Officer of the Dubai Financial Market, and is copied to Mrs. Maryam Butti Al Suwaidi, Deputy CEO of the Securities and Commodities Authority.
The Chairman of the Board of Directors of Al Salam Bank B.S.C invites shareholders to the Annual Ordinary and Extra Ordinary General Meetings on 19 March 2025 at the Ritz Carlton Hotel, Bahrain. If a quorum is not met, subsequent meetings are scheduled for 27 March and 9 April 2025. The Ordinary Meeting agenda includes approval of previous minutes, discussion of reports and financial statements for 2024, approval of profit appropriations, director remuneration, and appointments for the Shari’a Supervisory Board and external auditors for 2025. The Extraordinary Meeting agenda includes ratifying previous minutes, increasing share capital, amending the Bank's Memorandum and Articles of Association, and authorizing necessary formalities for these changes. Shareholders registered on the meeting date can attend or appoint a proxy, with forms available on the Bank's website. Proxies must be submitted 24 hours before the meeting. Institutional shareholders must provide a stamped and signed proxy form. Financial statements and meeting documents are available online. For inquiries, contact the Investor Relations Department.
GFH Financial Group has announced the purchase of 4,219,289 of its own treasury shares, increasing its total treasury shares from 243,735,917 (6.36% of total issued shares) to 247,955,206 (6.47% of total issued shares) as of February 25, 2025. The decision to purchase these shares was made during a board meeting on March 24, 2024, and received approval from the relevant authority on February 16, 2025. The average purchase price was 0.3243 USD per share, and the purchased shares represent 0.110% of the issued capital. There are 135,304,177 shares remaining for potential purchase. The announcement was signed by Mariam Jowhary, Head of Compliance & AML.
The general assembly meeting of Emirates Islamic Bank (Public Joint Stock Company) is scheduled for 3:30 PM on Wednesday, March 19, 2025, at Dubai CommerCity, UAE, and online. The meeting will consider a special resolution to amend the Bank's Articles of Association by adding a new article, 14 (bis), which allows any person acquiring at least 90% plus one share of the company's issued share capital to make a mandatory offer requiring minority shareholders to sell or swap their shares. Electronic registration and voting will be available, with a registration link sent by text on March 18, 2025, to investors who have updated their KYC information with DFM. Investors are advised to update their KYC details before this date to receive the link automatically. If not received, investors can request it via email.
The Board of Directors of National Cement Company P.S.C is planning to make a decision by circulation on February 28, 2025. This decision will pertain to the governance report for the year 2024 and other company-related matters. The information has been communicated to the CEO of the Dubai Financial Market and the Securities and Commodities Authority has been copied on this correspondence.
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Dubai Taxi Company (DTC) has entered a five-year exclusive partnership with Dubai Airports to provide taxi services at Dubai International and Dubai World Central - Al Maktoum International. This agreement aims to accommodate the increasing number of tourists and visitors, with airport taxi trips expected to exceed 8 million by 2029 and projected revenues of AED 2.5 billion over five years. In 2024, Dubai Airports welcomed 93 million guests, resulting in 6 million taxi and limousine trips. DTC has been collaborating with Dubai Airports since 1997 and has expanded to become Dubai's leading taxi operator, currently managing a fleet of about 900 taxis and 500 premium limousines.
Emirates Islamic Bank (P.J.S.C.) has received a notification from Emirates NBD (P.J.S.C.) regarding a mandatory cash offer to acquire all of its shares. This acquisition would result in Emirates NBD owning 100% of the issued and paid-up ordinary shares of Emirates Islamic Bank for AED 11.95 per share. The matter has been presented to the Board of Directors of Emirates Islamic Bank, and necessary procedures will be followed according to the Securities and Commodities Authority's regulations on mergers and acquisitions. The Board has considered the offer through a resolution passed by circulation.