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InvestorAct is a financial news platform that provides the latest news, analysis, and press releases for companies in the UAE

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Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From ARAMEX PJSC
Disclosure: Notification from the company

Aramex PJSC has provided an update on Q Logistics Holding LLC's intention to make a voluntary conditional cash offer to acquire up to 100% of Aramex's share capital, excluding shares held by Abu Dhabi Ports Company PJSC. On January 15, 2025, Aramex's Board of Directors discussed the offer and appointed HSBC and Clifford Chance LLP as independent financial and legal advisors to ensure compliance with regulatory requirements and protect stakeholders' interests. The process will adhere to applicable laws, including conducting due diligence, launching a tender offer, securing necessary approvals, preparing a fairness opinion, and notifying shareholders. Aramex will announce any significant developments as they occur. The company assures stakeholders that its operations remain unaffected and views the offer as a recognition of its business strength and potential. Aramex appreciates the ongoing support from its shareholders, customers, and partners.

1. Disclosure: Notification from the company

Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From Union Coop
Disclosure: Results of BOD Meeting

1. Disclosure: Results of BOD Meeting

Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From TECOM GROUP P.J.S.C.
Disclosure: BOD meeting

The Board of Directors of TECOM Group PJSC will hold a meeting on Thursday, January 30, 2025, at 3:00 PM. The agenda includes discussing and approving the annual audited financial statements for the year ending December 31, 2024, setting the date, time, and agenda for the annual general assembly of shareholders, and addressing regular matters and any other business. The meeting notice is addressed to Mr. Hamad Ali, CEO of Dubai Financial Market, and a copy is sent to the Securities and Commodities Authority. The letter is signed by Malek Al Malek, Chairman of the Board of Directors.

1. Disclosure: BOD meeting

Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From SHUAA Capital PSC
Disclosure: Board Decisions by Passing

Shuaa Capital PSC, a licensed financial investment company regulated by the Securities and Commodities Authority, is located in Dubai, UAE. The company plans to hold a board meeting on January 30, 2025, to make a decision regarding the appointment of a board member. The communication is addressed to Mr. Hamad Ahmed Ali, the CEO of Dubai Financial Market, and is signed by Islam Mahrous, the Chief Compliance Officer.

1. Disclosure: Board Decisions by Passing

Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From Dubai Financial Market PJSC
Disclosure: BOD meeting

The Dubai Financial Market (PJSC) Board of Directors will hold a meeting on Thursday, January 30, 2025, at 3:00 PM. The agenda includes discussing the company's consolidated financial statements for the year ending December 31, 2024, considering the distribution of cash dividends for the same period, reviewing the agenda and invitation for the Annual General Assembly Meeting, and addressing regular matters and any other business.

1. Disclosure: BOD meeting

Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From Mashreqbank PSc
Disclosure: BOD meeting

Mashreqbank PSC has scheduled a Board of Directors meeting on January 30, 2025, at 11:00 am. The agenda includes approval of the minutes from the previous meeting on December 20, 2024, approval of the financial statements for the year ending December 31, 2024, planning for the Annual General Assembly meeting for shareholders on February 27, 2025, and discussion of normal business activities and any other matters. The notice is signed by Shaima Al Obeidli, Head of Corporate Governance & Group Company Secretary, and a copy has been sent to the Securities & Commodities Authority.

1. Disclosure: BOD meeting

Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From Emirates Central Cooling Systems Corporation PJSC
Disclosure: Press release

Emirates Central Cooling Systems Corporation PJSC (Empower), the world's largest district cooling services provider, has advocated for the adoption of district cooling in the healthcare sector to enhance sustainability and public health. At the Arab Health 2025 Exhibition and Conference in Dubai, Empower emphasized the importance of district cooling in creating an optimal environment for healthcare facilities. Empower's systems serve various healthcare projects, including Dubai Healthcare City, with a cooling capacity of 142,000 refrigeration tons. The company encourages healthcare leaders and international exhibitors to explore the health benefits of these sustainable solutions. Empower is committed to supporting the healthcare sector by providing environmentally friendly cooling services that contribute to climate change mitigation. CEO Ahmad bin Shafar highlighted the company's dedication to delivering world-class district cooling services to medical facilities in Dubai, ensuring patient and staff comfort while conserving energy and protecting the environment. Empower's services extend to numerous hospitals, clinics, and laboratories across Dubai.

1. Disclosure: Press release

Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From GFH Financial Group B.S.C.
Disclosure: GFH Financial Group’s Share Trades in Boursa Kuwait

GFH Financial Group B.S.C. announced on January 26, 2025, that following unusual trading activity of its shares on Boursa Kuwait, there is no additional material information to disclose to the markets beyond what has already been announced. This statement aligns with Boursa Kuwait's directives and the transparency requirements outlined in the Capital Markets Authority's regulations. The announcement was made by Mariam Jowhary, Head of Compliance and AML, and was sealed with the company stamp.

1. Disclosure: GFH Financial Group’s Share Trades in Boursa Kuwait

Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From Ithmaar Holding B.S.C
Disclosure: Announcement Regarding the Opening of the Nomination for Board Membership

Ithmaar Holding B.S.C. has announced the opening of nominations for four positions on its Board of Directors for a three-year term from 2025 to 2028. The election will take place during the Annual Ordinary General Meeting in March 2025. Two additional board members will be appointed by the major shareholder, as per Bahrain's Commercial Companies Law. Nominees must meet several conditions, including legal capacity, no criminal convictions related to bankruptcy or trust breaches, and compliance with Bahraini law regarding board membership. Candidates for the Chairman or Deputy Chairman positions cannot also be the CEO. Nominees should have industry knowledge and experience, cannot hold directorships in other financial institutions in Bahrain, and may not have more than three directorships in other public companies in Bahrain without conflicts of interest. Applicants must submit a completed Central Bank of Bahrain's Form 3, certified copies of their passport and National ID, a CV, certified academic and professional qualifications, and a list of any competitive activities with the company.

1. Disclosure: Announcement Regarding the Opening of the Nomination for Board Membership

Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From Dubai Financial Market PJSC
DFM News: Futures contracts – Expiry Settlement Prices

The settlement price for the Micro GME Oman Crude Oil Futures contract expiring in January 2025 is $81.76 USD. The contract series code is OMOIL H25, and the contract ID is OIL240125 001. This information, issued on January 24, 2025, is available on the Dubai Financial Market website. Note that the details may change, and the Dubai Financial Market Regulated Derivative Contract Trading Regulation takes precedence in case of discrepancies.

1. DFM News: Futures contracts – Expiry Settlement Prices

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