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Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, has increased its stake in Türkiye's T.O.M. Group from 20% to 25%. This move, following an initial investment in September 2023, strengthens DIB's involvement in Türkiye's financial sector. T.O.M. Group comprises Türkiye's first licensed digital retail bank, an e-money company, and a financing company specializing in digital products. This investment reflects DIB's confidence in Türkiye's growing digital banking and fintech ecosystem and aligns with its goal to enhance financial inclusion with Sharia-compliant services. Dr. Adnan Chilwan, DIB's CEO, emphasized the strategic importance of this increased shareholding, highlighting the bank's commitment to Türkiye's tech-driven economic growth and its vision of developing a global Islamic financial model. DIB has been a significant contributor to Türkiye's financial sector for over 15 years, and along with T.O.M. Group, it plays a key role in the country's digital banking and fintech industries.

The Board of Directors of Sukoon Insurance PJSC held a meeting on January 17, 2025, at their head office in Dubai and via video conferencing. The board reviewed the draft of the external audit report and the annual financial statements for the fiscal year ending December 31, 2024. They approved the budget and reinsurance plan for 2025 and set the date for the Annual General Assembly Meeting on February 28, pending approval from the Central Bank of the UAE and the Securities and Commodities Authority. The meeting was attended by Louise O’Donnell, the Board Secretary, and a copy of the meeting details was sent to Mrs. Maryam Butti Al Suwaidi, Deputy CEO of the Securities and Commodities Authority.

The weekly summary for DFM Regulated Short Sell Transactions from January 13, 2025, to January 17, 2025, reports no RSS trades during this period. For more details on Regulated Short Selling, refer to the DFM Market Rules and the Operational Model and Procedures for Implementation of Regulated Short Selling available on the DFM website. This announcement can also be accessed on the DFM's news and disclosures page. The information provided is subject to change, and DFM is not liable for any losses resulting from the use of this information.

Salik Company has announced that it will begin implementing variable pricing for its toll gates starting January 31, 2025. This pricing structure will apply to all Salik gates without exception. The variable pricing schedule is divided into peak, off-peak, and past midnight hours, with different rates applied on weekdays and Sundays. During the holy month of Ramadan, the timing of peak and off-peak hours will be adjusted. It is noted that there will be no change in the charging method for passing through specific toll gates within one hour, as the charge will be applied only once. For further details, individuals are encouraged to visit the Salik website.