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On July 8, 2025, GFH Financial Group B.S.C. announced that following unusual trading activity of its shares on Boursa Kuwait, there is no additional undisclosed material information that needs to be reported. This statement is in compliance with the instructions from Boursa Kuwait and the provisions of Article 4-5 of Module 10 (Disclosures and Transparency) of the Capital Markets Authority (Kuwait) Executive Regulations of Law No. 7 of 2010. The announcement was made by Mariam Jowhary, the Head of Compliance & AML.
The document provides details on the margin parameters for DFM Futures, effective from July 9, 2025. It lists various underlying symbols, their base margin percentages, currencies, and margin per contract, both base and spread. The underlying symbols include AIRARABIA, AlANSARI, ARMX, DEWA, DEYAAR, DFM, DFMGI, DIB, DIC, DU, EMAAR, EMAARDEV, EMIRATESNBD, EMPOWER, GFH, OMOIL, SALIK, and SHUAA. The margin calculation methodology and eligible margin types are detailed in the Derivatives Clearing Guidelines and Procedures, available on the Dubai Clear website. The announcement is also accessible on the DFM website. A disclaimer notes that the information is subject to change and advises consulting the Dubai Financial Market Regulated Derivative Contract Trading Regulation for any inconsistencies.
A new series of equity futures contracts for October 2025 will be available for trading on the Dubai Financial Market starting from July 10, 2025. These contracts include various futures such as AIRARB, ANSRI, ARMX, DEWA, DEYAAR, DFM, DFMGI, DIB, DIC, DU, EMAAR, EMPWR, EMRDEV, ENBD, GFH, SALIK, and SHUAA. All these contracts will be listed on July 10, 2025, and de-listed on October 16, 2025. Additional details and updates can be found on the Dubai Financial Market website. Note that the information provided is subject to change and the Dubai Financial Market Regulated Derivative Contract Trading Regulation takes precedence in case of any inconsistencies.
Drake and Scull International PJSC (DSI), known for its contracting services in mechanical, electrical, and plumbing, as well as oil and gas, and water and wastewater treatment projects, has announced its entry into commercial real estate development with its first self-owned project in Dubai. This strategic move involves the acquisition of a prime plot in Majan, Dubai, where DSI plans to develop a mixed-use commercial building. This project signifies DSI's diversification beyond its core business, aiming to leverage its industry expertise to create lasting assets and secure new revenue streams. CEO Muin El Saleh emphasized that this development marks a transformative step for DSI, aligning with its vision to evolve with the market and contribute to Dubai's urban growth. This project is the beginning of DSI's new strategic direction towards becoming a more diversified enterprise.