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Shuaa Capital PSC held its postponed general assembly meeting today, where the company's shareholders voted and approved several resolutions. One key decision was to issue mandatory convertible bonds with a total value of 150 million AED. These bonds, referred to as "new investor mandatory convertible bonds," will be issued in accordance with Federal Decree-Law No. 32 of 2021 on Commercial Companies and a decision by the Chairman of the Securities and Commodities Authority. The bonds are intended for professional investors and counterparties and will be mandatorily convertible into new company shares at a conversion price of 0.32 AED per share.

On February 17, 2025, a communication was issued involving H.E. Waleed Saeed Al Awadhi, CEO of the Securities and Commodities Authority, and Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market. The subject was the results of a resolution passed by circulation by the Board of Directors of the Dubai Financial Market (PJSC) concerning an internal matter. This follows a company disclosure made on February 13, 2025. The document is associated with Ali Amer Al-Hashimi, the Chief Financial Officer, and includes a Docusign Envelope ID.

The document provides clarifications regarding the appointment of proxies for attending the General Assembly meeting of TECOM Group PJSC. According to the Corporate Governance Guide, a shareholder eligible to attend the General Assembly can delegate someone, who is not a board member, company employee, or part of a securities brokerage company, to attend on their behalf via a written proxy. The proxy must explicitly state that the representative can attend and vote at the meeting. A person representing multiple shareholders cannot hold more than 5% of the company's issued capital. Individuals lacking legal capacity must be represented by their legal representatives. The shareholder's signature on the proxy must be authenticated by a recognized authority such as a notary public, chamber of commerce, economic department, licensed bank or company, financial market, or any other licensed authority in the UAE.

Dubai Insurance Company has scheduled a Board of Directors meeting on Thursday, February 20, 2025, at 11:30 AM at the company's head office. The agenda includes reviewing the financials for 2024 and the company's ordinary business. The notification is signed by Sahem Abdelhaq, the Head of Legal.

TECOM Group PJSC has announced the opening of nominations for its Board of Directors. The nomination period is from February 17 to February 28, 2025. Interested individuals or shareholders who meet the criteria can apply by completing nomination forms available on the company's website and submitting them via email. Seven board members will be elected. The nomination period lasts ten days, and candidate details will be displayed on the company's website before the General Assembly meeting on March 10, 2025. Candidates cannot transfer their nomination after the period ends. The candidate list will be shared with relevant authorities after nominations close. Criteria for candidates include relevant experience, no criminal history, no recent removal from a board, a clean professional record, no ongoing legal issues, and contribution to board diversity. Applications must be submitted on time with all required documents, and selected candidates may be interviewed by the Nomination and Remuneration Committee.