Latest Threads

The Board of Directors of Amlak Finance PJSC plans to make decisions by circulation on Friday, January 3, 2025, at 3 PM, regarding regular internal matters. This notification is addressed to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, and is sent by Lama Takieddin, Head of Corporate Governance and Company Secretary. The Securities & Commodities Authority is also copied on this communication.

Al Ansari Financial Services and Halan have formed a strategic partnership to offer innovative financial services in the UAE, targeting underbanked and unbanked populations. The collaboration introduces Salary Advance and Send Now, Pay Later (SNPL) services, aimed at providing Al Ansari's customers with enhanced financial flexibility and convenience. Salary Advance allows individuals to access a portion of their wages before payday, reducing reliance on high-interest credit. The partnership leverages Al Ansari's financial expertise and Halan's fintech platform to deliver secure and accessible solutions tailored to the needs of the UAE workforce. The SNPL service enables customers to send money instantly and repay in installments, further supporting financial inclusion and empowerment.

Shuaa Capital PSC, based in Dubai, UAE, has announced the resignation of board member Mr. Ahmed Abdel Hamid Saeed Al Ahmadi, effective December 30, 2024. His resignation follows the completion of his significant role in improving the company's capital structure during this critical phase. The notice was addressed to Mr. Hamid Ahmed Ali, CEO of the Dubai Financial Market, and was signed by Islam Mahrous, the Chief Compliance Officer.

BHM Capital Financial Services P.S.C, a private joint stock company regulated by the Securities and Commodities Authority (SCA) in the UAE, has announced the end of the nomination period for its Board of Directors as of December 27, 2024. The company has submitted the list of nominees through the EFSAH System to Mr. Hamed Ahmed Ali, the Chief Executive Officer of the Dubai Financial Market. The nominees who have met the requirements for board membership are: Shaikh Dr. Ammar Nasser Ahmad Nasser Almualla, Dr. Abdulrahman Mahmoud Abdulrahman Mohammed Al Afeefi, and Mr. Abdulrahman Marwan Ahmad Majid Al Ghurair. All nominees are independent, non-executive members from the UAE.

The weekly trading summary for DFM Regulated Short Sell transactions from December 23 to December 27, 2024, reported no RSS trades during this period. For more information on RSS, refer to the DFM Market Rules and related documents available on their website. This announcement and others can be accessed on the Dubai Financial Market's website. The information provided is subject to change, and DFM is not liable for any losses resulting from the use of this information.

On 27 December 2024, a letter was addressed to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, providing an update on negotiations between Amlak Finance PJSC and its financiers regarding their exit from the Common Terms Agreement. Since the start of negotiations on 2 May 2023, Amlak has settled with six financiers, reducing liabilities by AED 800 million. An agreement has been reached with the remaining six financiers on a repayment plan for the outstanding AED 1.4 billion, with full repayment scheduled by October 2026. This will involve selling some of the company's assets, including plots in Ras Al Khor, pending shareholder approval. The agreement's governing documents are being drafted, and the market will be informed of any updates. The letter was signed by Lama Takieddin, Head of Corporate Governance and Company Secretary, and copied to the Securities & Commodities Authority.