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Shuaa Capital PSC, a licensed financial investment company regulated by the Securities and Commodities Authority, is inviting its shareholders to attend the company's General Assembly meeting. The meeting is scheduled for 3 PM on Monday, February 3, 2025, at the company's headquarters on the 32nd floor of Al Khatem Tower, Al Maryah Island, Abu Dhabi. Shareholders can also attend remotely via electronic participation. The agenda includes a special resolution to approve the issuance of convertible bonds worth up to 150 million AED, in accordance with relevant federal law and regulatory decisions.
During the period from January 27 to January 31, 2025, there were no Regulated Short Sell (RSS) trades on the Dubai Financial Market (DFM). For more details on RSS, refer to the DFM Market Rules and related documents available on their website. The announcement is also accessible online. The information provided is subject to change, and DFM is not responsible for any losses incurred from using this data.
Deyaar Development PJSC has announced the launch of Phase 2 of Park Five, a wellness-focused luxury residential community in Dubai Production City. This phase introduces 343 residential units, including studio, one-bedroom, two-bedroom, and three-bedroom options, designed to cater to modern urban families. The development is strategically located near key urban hubs, green spaces, healthcare facilities, and educational institutions, offering excellent connectivity and access to amenities such as shopping, dining, parks, schools, and hospitals. Park Five aims to enhance urban living by integrating greenery, traditional sikkas, and community spaces to promote social interaction and active lifestyles. The project reflects Deyaar's commitment to sustainable and value-driven developments in line with the UAE's vision for improved urban quality of life.
Sukoon Insurance PJSC, a prominent insurance provider in the UAE, is celebrating its 50th anniversary in 2025. Established in 1975, the company has become one of the top three insurers listed on the Dubai Financial Market (DFM). Sukoon Insurance is recognized for its customer-centric solutions, risk management, and innovation, serving 1.36 million insured members in the UAE. The company has won several industry awards, including UAE’s Best Insurer of the Year and the Innovation of the Year award. The recent rebranding to "Sukoon Insurance" reflects its commitment to future growth and reliability. CEO Jean-Louis Laurent Josi emphasized the company's dedication to customers, partners, and shareholders, highlighting their record gross premium written (GPW) as a sign of trust and success. Sukoon Insurance plans to focus on continued growth and innovation to meet evolving customer needs in the UAE and beyond.
The Dubai Financial Market (PJSC) has scheduled an Earnings Call Meeting for February 4, 2025, at 3:00 PM. The meeting will focus on discussing the company's annual financial results for the year ending December 31, 2024.
The disclosure clarifies the approval process for proxies to attend the General Meeting in accordance with Clauses 1 and 2 of Article 40 of the Corporate Governance Manual. Shareholders can delegate someone, not a board member, company staff, or securities brokerage employee, to attend and vote at the general assembly on their behalf through a written delegation. The delegate cannot represent more than 5% of the company's issued capital. Legal representatives must represent those lacking legal capacity. The shareholder's signature on the power of attorney must be verified by a Notary Public, a chamber of commerce or economic department, a licensed bank or company where the shareholder holds an account, licensed financial markets, or any other licensed attestation entity.