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The Board of Directors of Dubai Taxi Company P.J.S.C. issued a Board Resolution by Circulation on October 4, 2024, to approve internal matters that do not affect the company's share price. The communication was addressed to Mr. Hamed Ahmed Ali, the Chief Executive Officer of the Dubai Financial Market, and was also copied to the Securities and Commodities Authority. The letter was signed by Vicken Khochafian, the Board Secretary and Governance Director.
GFH Financial Group B.S.C. announced that it has increased its stake in Khaleeji Bank B.S.C. from 57.95% to 82.95%, a 25% increase, effective from September 30, 2024. This investment is expected to positively impact the Group's financials and increase its returns. The announcement was made by Mariam Jowhary, Head of Compliance and AML.
Burjeel Holdings PLC, a healthcare provider in the MENA region, has signed a Memorandum of Understanding with Modon Holding to develop healthcare facilities in Ras El Hekma, Egypt. This collaboration aims to expand access to high-quality healthcare services in the area, which is set to become a significant economic and investment hub. The agreement includes developing multi-specialty healthcare facilities, implementing innovative healthcare solutions, and providing medical training programs to enhance local healthcare professionals' skills. The initiative also focuses on public health and wellness programs to improve community health outcomes. Ras El Hekma is a major development project with investments of USD 35 billion, featuring residential, commercial, and tourist facilities. The collaboration is part of efforts to build integrated services in Ras El Hekma, contributing to economic growth and improving the quality of life for residents and visitors. Burjeel Holdings, founded in 2007, operates a network of healthcare facilities across the UAE, Oman, and Saudi Arabia.