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The Dubai Financial Market (DFM) released a weekly summary of regulated short sell transactions for the period from December 16 to December 20, 2024. The report includes details on short sell trade volumes and values for specific securities, including Emirates NBD PJSC, Parkin Company PJSC, and Emaar Properties PJSC. Emirates NBD PJSC had two separate trades with volumes of 150 and 15, valued at AED 3,232.50 and AED 308.25, respectively. Parkin Company PJSC had a trade volume of 4,700 with a value of AED 58,985.00, and Emaar Properties PJSC had a trade volume of 2 with a value of AED 24.70. For more information on regulated short selling, refer to the DFM Market Rules and related documents available on their website. The announcement can be accessed online, and it includes a disclaimer noting that the information is subject to change and the DFM is not liable for any losses incurred from using the data provided.
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.