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Easy Lease Motorcycle Rental PJSC has announced the acquisition of a 51% stake in Gallega Global Logistics, a subsidiary of the Ghassan Aboud Group. This move enhances Easy Lease's presence in the mobility and logistics sectors. Gallega, with its significant infrastructure, has been crucial in optimizing supply chains across various industries and managed over 130,000 vehicles in 2023. The acquisition aligns with Easy Lease's strategy to expand its mobility and logistics solutions, incorporating advanced AI and IoT technologies, and opens new growth opportunities both regionally and internationally.

EasyLease, a UAE mobility solutions company, has acquired a 51% stake in Gallega Global Logistics, a logistics service provider. This acquisition secures 3.5 million square feet of logistics infrastructure in the UAE and marks EasyLease's entry into the logistics sector. The deal aims to integrate EasyLease's mobility solutions with Gallega's infrastructure to create a comprehensive mobility and logistics ecosystem. Both companies plan to invest in advanced mobility technologies and AI. The acquisition aligns with the UAE Industrial Strategy 2030 and aims to enhance EasyLease's competitive edge in the MENA region's logistics industry.

Tabreed, a leading district cooling company, has partnered with xCube to serve as the Liquidity Provider for its shares on the Dubai Financial Market (DFM). This collaboration aims to improve trading liquidity, enhance market efficiency, and boost investor confidence. xCube will facilitate trades by providing continuous liquidity and fair pricing, with its ownership of Tabreed shares not exceeding 5% of the total listed shares. The partnership aligns with Tabreed’s goals of increasing trading liquidity, price transparency, and investor participation. Tabreed recently reported strong financial results for the first half of 2024, with a 4% increase in normalized net profit before tax, driven by higher consumption volumes and business expansion.

The text is a formal announcement regarding the capital reduction and subsequent capital increase of Takaful Emarat Insurance Company. The company completed the necessary procedures to reduce its issued share capital by AED 124,348,000, bringing it down to AED 25,652,000. This reduction was activated on the Dubai Financial Market on the morning of October 21, 2024. Following this, the company plans to increase its capital by AED 185,000,000 and will disclose relevant dates for the rights issue once approved. Shareholders are notified of these developments.

The text is a notification regarding a board meeting of Sukoon Insurance PJSC, scheduled for Thursday, October 24, 2024, at 10:00 AM. The meeting will take place at the company's head office in Dubai and via Teams video conferencing. The agenda includes the approval of the Q3-2024 financial statements, corporate governance manual, audit committee charter, recovery plan, and investment valuation policy, along with a general review of the company's business. The notification is addressed to Mr. Hamed Ahmad Ali, Executive Chief Officer of the Dubai Financial Market, and copied to Mrs. Maryam Butti Al Suwaidi, Deputy CEO of the Securities and Commodities Authority in Abu Dhabi.

BHM Capital has clarified that it is not directly involved in the capital increase process of Premium Healthcare Group, contrary to a report in the Egyptian newspaper "Al-Mal." While Premium Healthcare Group has shown interest in potentially using BHM Capital's consulting services, no agreements or contracts have been made. Official statements from BHM Capital will be released through its official channels when appropriate. BHM Capital is a prominent financial services company listed on the Dubai Financial Market and Abu Dhabi Securities Exchange, known for its leadership in financial technology.

Ajman Bank reported its highest-ever profit before tax for the first nine months of 2024, totaling AED 313 million, marking a 458% increase from the previous year. This improvement follows a previous net loss of AED 87 million for the same period in 2023. The bank's strong performance is attributed to a 9% rise in total operating income to AED 1.2 billion. Key financial metrics such as Return on Shareholder Equity and Return on Assets also showed significant improvements. The bank's robust results are supported by a healthy balance sheet, with total assets of AED 24.4 billion, customer deposits of AED 20.3 billion, and equity of AED 3.0 billion. The board meeting, chaired by His Highness Sheikh Ammar bin Humaid Al Nuaimi, discussed various financial and administrative matters.