Latest Threads

Sukoon Insurance PJSC has announced the opening of nominations for its Board of Directors from December 23, 2024, at 8 am to January 7, 2025, at 6 pm. Shareholders who meet the eligibility criteria can apply for board membership by submitting an application to the company's main headquarters in Deira, Dubai. The application should include a brief introduction and the type of membership sought (executive, non-executive, or independent). Seven board members will be elected, and nominations will remain open for at least ten days, in line with governance regulations. Candidates must comply with relevant legal and company requirements, and necessary documents will be available on the company's website. Once nominations close, candidates cannot transfer their candidacy to others. The names and details of candidates will be published on the company's bulletin board and website on February 25, 2024, and shared with the Securities & Commodities Authority and the Market.

Shuaa Capital PSC, an investment company licensed and regulated by the Securities and Commodities Authority, has announced that its Board of Directors approved an agreement with the company's main creditor. This agreement involves restructuring a loan of 208 million dirhams, including a temporary 12-month exemption from principal repayments, followed by adjustments and extensions to the existing loan and its associated principal repayments. More details can be found in the press release on the Dubai Financial Market's website.

Mashreq Bank PSC held a Board of Directors meeting on December 20, 2024, at 8:30 am. During the meeting, the board discussed and approved the minutes from the previous meeting held on December 12, 2024, as well as other topics related to the bank's business and activities. The communication was addressed to Mr. Hamed Ahmad Ali, CEO of the Dubai Financial Market, and was signed by Shaima Al Obeidli, the Group Company Secretary. A copy of the communication was also sent to the Securities & Commodities Authority.

A new contract series for Micro DME Oman Crude Oil Futures, specifically for February 2026, will be available for trading starting December 25, 2024. The contract, identified as OIL241225001 with the symbol OMOILG26, will be listed on the Dubai Financial Market until December 24, 2025. Further details can be found on the Dubai Financial Market's website. The information provided is subject to change and should not replace the official Dubai Financial Market regulations.

The Islamic Arab Insurance Company – SALAMA held a board meeting on Thursday, December 19, 2024, at 3:00 PM. Six members attended, achieving an 86% quorum. The board approved the minutes from the meeting held on November 14, 2024, and discussed and approved other administrative matters. The meeting results were authorized by Khaled Barakat, the General Counsel, with the company's stamp and signature dated December 19, 2024.

On 19 December 2024, a letter was addressed to H.E. Hamed Ahmed Ali, CEO of the Dubai Financial Market, and H.E. Dr. Maryam Buti Al Suwaidi, CEO of the Securities and Commodities Authority in Abu Dhabi, United Arab Emirates. The letter announced the resignation of Mr. Adel Al Hosani from his position as a Board Member of Gulf Navigation Holding PJSC, effective 18 December 2024. The Board plans to hold a meeting within 30 days to appoint a new Board member to fill the vacant position. The letter was signed by Nader Muqbel, the Investor Relations Director of Gulf Navigation Holding PJSC.