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GFH Financial Group B.S.C. announced details of its liquidity providing activities for December 2024, in compliance with the Central Bank of Bahrain's requirements for monthly disclosures by listed companies. The activities were conducted by liquidity providers SICO in Bahrain Bourse, and BHM Capital in Dubai Financial Market and Abu Dhabi Securities Exchange. As of December 31, 2024, GFH's treasury shares amounted to 258,642,186 shares, representing 6.75% of the group's total outstanding shares. In Bahrain Bourse, SICO purchased 744,434 securities and sold 53,859 securities, with total payments of USD 243,089 and total receipts of USD 17,647.
Globalpharma, a leading pharmaceutical company in the UAE and a subsidiary of Dubai Investments PJSC, plans to launch 25 new products in 2025 across therapeutic areas such as diabetes, cardiovascular, gastroenterology, and orthopaedics. This initiative is part of Globalpharma's strategy to provide high-quality and accessible medications to meet regional healthcare needs. The company aims to strengthen its distribution network and form new partnerships to ensure product accessibility and meet the needs of healthcare practitioners and patients. Globalpharma's focus for 2025 includes innovation, accessibility, and partnerships, building on the success of previous product launches in 2024. The company's efforts align with Dubai Investments' vision to transform key industries and establish a strong presence in the global pharmaceutical sector.
On January 7, 2025, a new series of equity futures contracts, effective from January 9, 2025, will be available for trading. These contracts, set to expire on April 17, 2025, include futures on various securities such as AIRARB, ANSRI, ARMX, DEWA, DEYAAR, DFM, DFMGI, DIB, DIC, DU, EMAAR, EMPWR, EMRDEV, ENBD, GFH, SALIK, and SHUAA. This announcement can be accessed on the Dubai Financial Market's website. Note that the information provided is subject to change, and the Dubai Financial Market's Regulated Derivative Contract Trading Regulation will take precedence in case of any discrepancies.
The letter informs Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, about a scheduled Board of Directors meeting for Taaleem Holdings PJSC. The meeting will take place on Thursday, January 9, 2025, at 3:00 pm at the company's office and via remote attendance. The agenda includes considering and approving the interim condensed consolidated financial statements for the three-month period ending November 30, 2024, discussing routine business issues, following up on company activities, and addressing any other matters with the Chairman's permission. The letter is signed by Alan Williamson, CEO of Taaleem Holdings PJSC, with a copy sent to the Securities and Commodities Authority.
Air Arabia has announced that a board of directors meeting is scheduled for Monday, January 13, 2025, at 3:00 PM. The meeting will focus on discussing the company's budget for the year 2025.