Latest Threads
Check out what has been happening in the community
Check out what has been happening in the community
The letter is from Alan Williamson, the Chief Executive Officer of Taaleem Holdings PJSC, addressed to Mr. Hamed Ahmed Ali, the Chief Executive Officer of the Dubai Financial Market. It informs him about a scheduled Board of Directors meeting for Taaleem Holdings PJSC on Thursday, December 12, 2024, at 3:00 pm. The meeting will be held at the company's office and via remote attendance to discuss routine business issues, follow up on the company's activities, and address any other matters with the Chairman's permission. A copy of the letter is also sent to the Securities and Commodities Authority.
The text provides instructions for completing and submitting a proxy form for shareholders of Gulf Navigation Holding Company (PJSC). Shareholders are required to fill out the form, appoint a representative to vote on their behalf at the Annual General Assembly meeting scheduled for January 2, 2025, at 3 PM, and send it along with the necessary documents to the specified email address: CapitalMarketsTeam@adcb.com. The form requires details such as the shareholder's number, contact information, date, and signature, as well as the name and contact details of the financial broker or entity that verified the proxy. The meeting will be held both in-person and virtually.
Sukoon Insurance PJSC held a Board of Directors meeting on December 10, 2024, at their head office in Dubai and via video conferencing. The board reviewed and approved the Nomination and Remuneration Committee Charter and decided to initiate the nomination process for electing a new Board of Directors, pending approval from the Securities and Commodities Authority (SCA) on December 23, 2024. They also conducted a general review of the company's business. The communication was addressed to Mr. Hamed Ahmad Ali, Executive Chief Officer of the Dubai Financial Market, and a copy was sent to Mrs. Maryam Butti Al Suwaidi, Deputy CEO of the SCA.
A new series of equity futures contracts will be available for trading on the Dubai Financial Market starting December 12, 2024. These contracts, set to expire on March 20, 2025, include various futures such as AIRARB, ANSRI, ARMX, DEWA, DEYAAR, DFM, DFMGI, DIB, DIC, DU, EMAAR, EMPWR, EMRDEV, ENBD, GFH, SALIK, and SHUAA. The official announcement and further details can be found on the Dubai Financial Market's website. Note that the information is subject to change and the Dubai Financial Market Regulated Derivative Contract Trading Regulation will take precedence in case of any discrepancies.
Talabat has successfully debuted on the Dubai Financial Market (DFM) with the largest global technology IPO of 2024, raising approximately AED 7.5 billion (USD 2.0 billion). This IPO is also the largest in the GCC this year and the first technology sector IPO on DFM. Priced at AED 1.60 per share, Talabat's market capitalization at listing is around AED 37.3 billion (USD 10.1 billion). The offering received significant interest from local, regional, and international investors, resulting in oversubscription. Major investors included Emirates NBD AM SPC, the Abu Dhabi Pension Fund, and Emirates International Investment Company LLC. Delivery Hero SE, listed on the Frankfurt Stock Exchange, remains the majority shareholder. Talabat's listing is the third on DFM in 2024, reinforcing Dubai's position as a global financial hub. The event was marked by a market-opening ceremony attended by key figures including Talabat's CEO Tomaso Rodriguez and DFM's leadership.