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Deyaar Development PJSC has announced the launch of AYA Beachfront Residences, its first residential project in Umm Al Quwain, UAE. This development marks Deyaar's expansion into the emirate, offering a blend of luxury and wellness in a beachfront community. Phase 1 will feature 442 residential units, including one- to five-bedroom residences with nature-inspired interiors. The project aims to create a new destination for global investors while providing lifestyle opportunities and boosting the local economy. Future phases will include additional amenities such as a marina and cultural venues.

Drake and Scull International PJSC (DSI) has secured two major contracts for the Arabian Hills Project in Dubai, valued at over AED 1 billion. The contracts involve infrastructure and power works for two areas, Sun Valley and Park Vista, including street lighting and a sewage treatment plant. This achievement underscores DSI's leadership in large-scale developments and highlights its expertise in project management and engineering solutions. The Arabian Hills Project aims to set new standards in modern living and sustainable construction across a 224 million square foot area.

Emirates NBD Bank has announced that its 18th general assembly meeting will take place at the Meydan Hotel in Dubai and online at 4:00 PM on Monday, February 24, 2025. The meeting will address and potentially approve a series of resolutions. These include approving the Board of Directors' report on the bank’s activities and financial statements for 2024, the external auditor's report, and the Internal Shari’ah Supervision Committee's report. Additionally, the meeting will consider approving the audited balance sheet and profit and loss account, the distribution of cash dividends of AED 1 per ordinary share totaling AED 6,316,598,253, the remuneration for the Board, and absolving the Board members from liability for their work in 2024.

The 49th general assembly meeting of Emirates Islamic Bank (Public Joint Stock Company) is scheduled for Monday, February 24, 2025, at 3:30 PM at Meydan Hotel, Dubai, and online. The meeting will consider and potentially pass resolutions 1-11 as ordinary resolutions and 12-13 as special resolutions. The ordinary resolutions include approving the board of directors' report on the bank's activities and financial statements for the year ending December 31, 2024, the external auditor's report, the Internal Shari’ah Supervision Committee's report, the audited balance sheet and profit and loss account, the board's remuneration, and the board's recommendation not to distribute dividends to shareholders, with justifications provided. Additionally, the meeting will consider absolving the board members from liability for their work during the year ending December 31, 2024.

The Board of Directors of Emirates Integrated Telecommunications Company P JSC invites shareholders to the General Meeting on March 17, 2025, at the company's headquarters in Dubai and virtually. The agenda includes reviewing and approving the Board of Directors' and auditors' reports, financial statements, and dividend distribution of AED 0.54 per share for 2024. Other items include approving the dividend policy, discharging liabilities of the Board and auditors, approving Board remuneration of AED 12,690,000, appointing auditors for 2025 with fees of AED 2,200,000, and considering community contributions. Shareholders may attend in person or virtually, with electronic registration required for virtual attendance. Proxy representation is allowed under specific conditions. The meeting requires at least 50% shareholder representation for validity, and a second meeting is scheduled if quorum is not met. Shareholders registered by March 14, 2025, can vote, and those registered by March 27, 2025, are eligible for dividends. Financial documents are available on the Dubai Financial Market and company websites.

The document provides the expiry settlement price for Micro GME Oman Crude Oil Futures contracts expiring in February 2025. The contract with series code OMOIL J25 has an expiry settlement price of 78.56 USD and the contract ID is OIL2102 25001. This information is announced by the Dubai Financial Market and can be accessed on their website. A disclaimer notes that the information is subject to change and emphasizes that the Dubai Financial Market Regulated Derivative Contract Trading Regulation takes precedence in case of any inconsistencies.

The weekly trading summary for Dubai Financial Market (DFM) Regulated Short Sell (RSS) transactions from February 17 to February 21, 2025, reported no RSS trades during this period. For more information on RSS, refer to the DFM Market Rules and the Operational Model for Regulated Short Selling available on the DFM website. The announcement is also accessible on the DFM website. The document includes a disclaimer stating that the information is subject to change and DFM is not liable for any losses resulting from the use of the data provided.