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Shuaa Capital PSC, a licensed investment company regulated by the Securities and Commodities Authority under license number 630307 and commercial license number 200219, has announced that it has secured binding commitments for the subscription of the first tranche of convertible bonds up to a maximum value of AED 150 million. This issuance is part of a private placement and is subject to necessary regulatory approvals. The commitments have been secured from Eshraq Investments PJSC, Al Baher Real Estate Development LLC, and United Motors & Heavy Equipment Co. LLC. The bonds will be offered to new shareholders with mandatory conversion into shares at a price of AED 0.32 per share, to occur as soon as possible after issuance.

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 scheduled a Board of Directors meeting. The meeting will take place on Thursday, February 13, 2025, at 3:30 PM. The agenda includes the approval of the preliminary, unaudited, and unreviewed consolidated financial statements for the fiscal year ending December 31, 2024, along with other routine company matters. The meeting will be held at their main office located in Dubai, United Arab Emirates.

Emirates Integrated Telecommunications Company PJSC (du) reported strong financial results for the fourth quarter and full year of 2024. The company achieved a net profit increase of 49.1% to a record AED 2.5 billion, driven by revenue growth of 7.3% to AED 14.6 billion and an EBITDA margin expansion to 44.2%. The annual dividend reached 54 fils per share, marking a 59% year-on-year increase and the highest in the company's history. The company also reported operating cash flow growth of 23.0% to AED 4.4 billion and formed strategic partnerships with Orange and Telefónica to enhance innovation and growth.

The text refers to the consolidated financial statements of Emirates Integrated Telecommunications Company PJSC and its subsidiaries for the year ending December 31, 2024.

GFH Financial Group B.S.C. has announced a webcast for its financial results for the year ending December 31, 2024. The webcast is scheduled for Sunday, February 16, 2025, at 1:00 pm Bahrain time. Shareholders and investors are invited to attend. The announcement was made by Mariam Jowhary, Head of Compliance & AML.

On 10 February 2025, Dubai Refreshment PJSC announced the resignation of Mr. Ibrahim Abdulrazaq Mohamed Ustadi from his position as an independent Board member, effective immediately, due to personal reasons. The Board of Directors accepted his resignation and wished him success in his future endeavors and good health. They will take necessary steps to appoint a replacement and will update the markets accordingly. The announcement was made by Karem Mahmoud, Director of Legal.