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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%, effective from September 30, 2024. This represents a 25% increase in their ownership. The investment is expected to have a positive impact on the group's financial statements and increase its returns. The announcement was made by Mariam Jowhary, Head of Compliance and AML.

HAYAH Insurance Company P.J.S.C will hold a meeting on Wednesday, 9th October 2024, starting at 11:00 AM. The agenda includes discussing general business matters that will not affect the share price. The meeting details are authorized by Mr. Mohamed Seghir, the Chief Executive Officer. A copy of this information has been sent to the Security and Commodities Authority (SCA).

The Dubai Financial Market (DFM) released a weekly summary of regulated short sell transactions for the period from September 30, 2024, to October 4, 2024. During this period, the Dubai Taxi Company PJSC had a short sell trade volume of 2,000 with a trade value of AED 5,380. Salik Company PJSC had a short sell trade volume of 6,400 with a trade value of AED 27,200. For more information on regulated short selling, refer to the DFM Market Rules and Procedures. The announcement is available on the DFM website. The information provided is subject to change, and DFM is not liable for any losses incurred from using this data.

On October 4, 2024, Emirates Reem Investments Company P.J.S.C announced an acquisition transaction involving the purchase of a 55% stake in Worldwide General Trading - Sole Proprietorship L.L.C and Pallets General Trading - Sole Proprietorship L.L.C. The transaction is valued at AED 15.4 million, representing 4.81% of the company's capital. The acquisition aims to achieve diversification, forward and horizontal integration, and synergy cost benefits, without affecting shareholders' rights.

Emirates Central Cooling Systems Corporation (Empower), the largest provider of district cooling services globally, highlighted its capability to assist countries in achieving sustainable living standards that exceed global benchmarks through eco-friendly district cooling solutions. This was discussed during a panel at the World Green Economy Summit in Dubai, where Empower's CEO, H.E. Ahmad bin Shafar, emphasized the urgent need for action against climate change through effective policies and plans. Bin Shafar noted that district cooling not only contributes to sustainability but also offers economic and social benefits, promoting energy-saving systems. Empower is recognized for addressing environmental issues and supporting initiatives aligned with international efforts to combat climate change.

Modon Holding P.S.C has been appointed by ADQ, an Abu Dhabi-based investment company, as the master developer for the Ras El Hekma megaproject in Egypt. This project, located 350 kilometers northwest of Cairo, is set to cover 170 million square meters, with Modon initially developing 50 million square meters. The project aims to create a smart, sustainable urban community and is expected to generate significant economic impact, including USD 110 billion in cumulative investment by 2045, an annual GDP contribution of USD 25 billion, and approximately 750,000 jobs. Ras El Hekma will feature residential, commercial, and recreational facilities, including an international marina and a special free zone. Modon Holding has partnered with major developers, including Orascom Construction, to execute the project.

On October 4, 2024, Eshraq Investments PJSC held its fifth Board of Directors' meeting for the year. The meeting took place at 11:30 am and involved discussions and approvals of general business matters related to the company. The disclosure was addressed to the Abu Dhabi Securities Exchange's Disclosure and Compliance Section. The letter was signed by Mohammad Al Bazaieh, the Corporate/Board Secretary.