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InvestorAct is a financial news platform that provides the latest news, analysis, and press releases for companies in the UAE

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Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From GFH Financial Group B.S.C.
Disclosure: Press release

GFH Financial Group B.S.C. announced a strategic partnership with Panattoni Saudi Arabia to develop 500,000 square meters of modern logistics facilities in Saudi Arabia. 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, and bears the company seal. Further details are available in the attached release.

1. Disclosure: Press release

Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From GFH Financial Group B.S.C.
Disclosure: Press release

GFH Financial Group B.S.C. announced the signing of a preliminary agreement with Gulf Warehousing Company (GWC), a leading logistics provider in the GCC. The collaboration aims to support GWC's expansion by developing 200,000 square meters of Grade 'A' logistics facilities in key locations across Saudi Arabia, including Riyadh, Jeddah, and Dammam. This investment is expected to have a positive impact on GFH's financial statements and increase the Group's returns. The announcement was made by Mariam Jowhary, Head of Compliance and AML.

1. Disclosure: Press release

Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From Dubai Financial Market PJSC
Disclosure: Results of BOD Meeting

On October 31, 2024, the Board of Directors of Dubai Financial Market (PJSC) convened and approved the condensed consolidated interim financial information for the nine-month period ending September 30, 2024. They also discussed regular matters and any other business.

1. Disclosure: Results of BOD Meeting

Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From Union Coop
Disclosure: BOD meeting

1. Disclosure: BOD meeting

Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From Dubai Financial Market PJSC
Disclosure: Press release regarding financial results for the 3rd QTR of 2024

The Dubai Financial Market (DFM) reported a strong performance in the first nine months of 2024, with a 60% increase in net profit before tax, reaching AED 298.7 million compared to the same period in 2023. The DFM General Index rose by 10.9%, closing at 4,503.48 points, the highest since 2014. Total consolidated revenues increased by 29% to AED 460.3 million, and the number of trades rose by 20% year-on-year to 1.7 million. However, the total trading value decreased by 6% to AED 72.7 billion. The market capitalization of DFM-listed companies reached AED 757 billion. The exchange attracted 91,151 new investors, with 85% being foreign, who contributed 49% to the total trading value. Institutional investors accounted for 65% of the trading value.

1. Disclosure: Press release regarding financial results for the 3rd QTR of 2024

Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From GFH Financial Group B.S.C.
Disclosure: Press release

GFH Financial Group B.S.C. announced the launch of its innovative investor mobile application during the Future Investment Initiative (FII) in Riyadh, Saudi Arabia. The investment is expected to have a positive impact on the group's financial performance and increase its returns. The announcement was made by Mariam Jowhary, Head of Compliance and AML.

1. Disclosure: Press release

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
a year ago
News Update From Al Dhafra Insurance Co.
ADX Disclosures: Temporary suspension of trading on the shares of Al Dhafra Insurance Co. on 13 Nov 2024

Resolution No. 493 of 2024 involves the temporary suspension of trading for Al Dhafra Insurance Co. shares on the Abu Dhabi Securities Exchange (ADX). This suspension will occur from 12:00 on November 13, 2024, coinciding with the company's Board of Directors meeting, and will remain in effect until ADX receives the results of the meeting. The resolution mandates that all relevant ADX departments execute this decision and that it be communicated to the Securities and Commodities Authority (SCA), the concerned company, all ADX departments, and accredited brokers. The resolution was approved by the authorized person and issued on October 31, 2024.

1. ADX Disclosures: Temporary suspension of trading on the shares of Al Dhafra Insurance Co. on 13 Nov 2024

Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From Taaleem Holdings PJSC
Disclosure: Press release

Taaleem Holdings PJSC has announced its acquisition of land and property assets in Emirates Hills, Dubai, to expand the Dubai British School - Emirates Hills (DBSEH). The assets, currently housing the Amity Early Learning Centre, will be transformed into a modern campus for students from FS1 to Year 2 by 2025, pending legal and regulatory approvals. This expansion aims to enhance Taaleem's educational offerings and provide a focused learning environment for young students. Taaleem will lease the properties back to Amity Education Services for 10 months to ensure a smooth transition. The expansion is part of Taaleem’s strategy to increase premium education offerings and is expected to be financially beneficial from the first year. Parents of children at Amity Early Learning Centre are encouraged to apply for admission to DBSEH, with applications subject to the usual process.

1. Disclosure: Press release

Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From Al Ansari Financial Services PJSC
Disclosure: Press release

Al Ansari Exchange, a leading remittance and foreign exchange company in the UAE, has partnered with the Embassy of the Islamic Republic of Pakistan in Abu Dhabi to open a new Consular Hall. This facility features a modern queue management system and aims to improve the visitor experience. The collaboration highlights Al Ansari Exchange's commitment to supporting the Pakistani community in the UAE and fostering strong ties between the UAE and Pakistan. The initiative is part of the company's corporate social responsibility efforts to promote safe remittance practices. CEO Rashed A. Al Ansari expressed gratitude for the collaboration and emphasized the company's dedication to contributing positively to the communities it serves.

1. Disclosure: Press release

Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From Emirates Central Cooling Systems Corporation PJSC
Disclosure: Press release

Emirates Central Cooling Systems Corporation PJSC (Empower), a leading district cooling services provider, has been recognized by Moro Hub, part of Digital DEWA, for its efforts in reducing carbon emissions by 42,415.92 kilograms over three years. This achievement was made possible through Empower's participation in Moro’s Green Data Centers program. Empower has received its second certification from Moro, following an earlier Green Certification, highlighting its commitment to environmental sustainability. H.E. Ahmad Bin Shafar, CEO of Empower, emphasized the importance of responsible environmental practices and the positive impact of the strategic partnership with Moro in advancing sustainability initiatives. The new certification acknowledges Empower's leadership in sustainability within the district cooling industry and reinforces its commitment to reducing carbon footprints.

1. Disclosure: Press release

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