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Aramex PJSC announced an update on the voluntary conditional cash offer from Q Logistics Holding LLC, a subsidiary of Abu Dhabi Developmental Holding Company PJSC (ADQ), to acquire up to 100% of Aramex's shares not already owned by Abu Dhabi Ports Company PJSC. On 15 February 2025, Aramex received information from ADQ about the appointment of EFG Hermes UAE Limited, International Securities LLC, and Emirates NBD Capital as co-lead managers for the offer. The details of these appointments are included in an attached letter. The announcement was made by Amanda Dahdah, Governance Officer and Board Secretary of Aramex PJSC.
Shuaa Capital PSC, a licensed financial investment company regulated by the Securities and Commodities Authority under license number 630307 and commercial license number 200219, has announced the postponement of its general assembly meeting due to a lack of quorum. The meeting has been rescheduled to take place on Monday, February 17, 2025, at 3:00 PM at the company's headquarters on the 32nd floor of Al Khatem Tower, Al Maryah Island, Abu Dhabi. Shareholders can also attend remotely through electronic participation. The announcement was addressed to Mr. Hamid Ahmed Ali, CEO of Dubai Financial Market, by Islam Mahrous, Chief Compliance Officer.
On 16th February 2025, GFH Financial Group B.S.C. successfully conducted a live webcast to present its financial results for the year ending 31st December 2024. The webcast was held at 2:00 p.m. Bahrain time. This event followed a previous announcement made on 10th February 2025, inviting shareholders and investors to participate. The presentation and script from the session are available as attachments. The announcement was made by Mariam Jowhary, Head of Compliance and AML, and was officially sealed by the company.
GFH Financial Group B.S.C. announced the suspension of its market-making operations starting from February 17, 2025, to initiate a buyback of treasury shares, with a maximum limit of 10% of the Group's total issued shares. The Group has obtained approval from the Central Bank of Bahrain to commence the share buyback on February 24, 2025. The announcement was made by Mariam Jowhary, Head of Compliance and AML.