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The Air Arabia Board of Directors held a meeting on Monday, January 13, 2025, at 3:00 PM, as previously disclosed. During the meeting, the board approved the proposed budget for 2025.

The Air Arabia Board of Directors held a meeting on Monday, January 13, 2025, at 3:00 PM, as previously announced. During this meeting, the board approved the proposed budget for 2025.

This document is a shareholder circular from SHUAA Capital PSC, a public joint stock company in Dubai, UAE, dated January 10, 2025. It addresses the recommended issuance of mandatory convertible bonds to new private investors and existing holders of USD 150 million bonds issued by SHUAA Capital Bond 1 Limited, in compliance with relevant UAE laws. The implementation of this transaction is conditional upon approval by a requisite majority at the SHUAA General Meeting. The document advises shareholders who have sold or transferred their shares to forward the document to the new owner. It also notes that approval by the Securities and Commodities Authority (SCA) only confirms the document meets minimum information requirements and does not imply endorsement of the bond issuance. The board of directors is responsible for the accuracy of the information, and shareholders are encouraged to read the entire document and accompanying materials. The document also highlights the need to comply with distribution laws in jurisdictions outside the UAE.

Al Ansari Financial Services PJSC has announced a strategic partnership with Abhi Middle East Limited to expand financial service options for consumers in the UAE. This collaboration aims to introduce Earned Wage Access (EWA) and Send Now, Pay Later (SNPL) services by the second quarter of 2025, pending regulatory approvals. These services are designed to support unbanked and underbanked communities by providing early access to earned wages and enabling immediate international remittances with deferred payment. The partnership builds on Al Ansari's previous collaborations with fintech platforms to enhance service efficiency and scalability. Both companies emphasize their commitment to improving financial accessibility and offering flexible solutions to meet diverse customer needs.

Drake and Scull International PJSC (DSI) and El Amar Group have signed a Memorandum of Understanding (MoU) to enhance their strategic collaboration in Egypt and Saudi Arabia. DSI, known for its contracting services in mechanical, electrical, and plumbing (MEP), oil and gas, and water treatment projects, will partner with El Amar Group, a leader in real estate development and infrastructure projects. The agreement focuses on joint exploration of engineering, procurement, and EPC projects, with an emphasis on civil, MEP, and infrastructure contracting, water treatment, and district cooling projects. The collaboration aims to leverage the strengths of both organizations to achieve cost efficiencies, improve operational outcomes, and deliver high-quality projects. The partnership also emphasizes sustainability and innovation, positioning both companies as leaders in their fields. CEOs of both companies expressed optimism about the partnership's potential to drive value and set new benchmarks in their industries.

Drake & Scull International PJSC has scheduled its first Board of Directors meeting for 2025 on Thursday, January 16, at 3:00 PM at the company's offices. The agenda includes reviewing and approving the minutes from the previous meeting and discussing the company's routine and operational matters.

The weekly trading summary for DFM Regulated Short Sell transactions from January 6 to January 10, 2025, reports that there were no RSS trades during this period. For more details on Regulated Short Selling, refer to the DFM Market Rules and related documents available on their website. The announcement is also accessible on the DFM website. The information provided is subject to change, and DFM is not liable for any losses resulting from the use of this information.