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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 AJMAN BANK PJSC
Disclosure: Financial statements for the 3rd QTR of 2024

1. Disclosure: Financial statements for the 3rd QTR of 2024

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

The document is a communication addressed to the Securities & Commodities Authority, summarizing the results of a Board of Directors meeting for the Dubai Financial Market held on October 21, 2024. Chaired by H.H. Sheikh Ammar bin Humaid Al Nuaimi, the meeting covered the approval of the minutes from the previous meeting, discussion and approval of the bank's financial statements for the third quarter of 2024, and follow-up on the bank's routine activities, including issuing resolutions. The document is signed by Badreldin Eltahir Elmogadam, General Counsel & Board of Directors’ Secretary.

1. Disclosure: Results of BOD Meeting

Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From Al Salam Bank B.S.C
Disclosure: Press release

Al Salam Bank has partnered with Y.K. Almoayyed & Sons to offer an exclusive "Buy Now, Pay Later" payment plan for its clients at selected Nissan service branches in Bahrain. This offer, available to both debit and credit cardholders, will run until October 15, 2025, and aims to provide flexible and convenient payment options. Both companies expressed their commitment to enhancing customer experience and simplifying payment processes through this collaboration.

1. Disclosure: Press release

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
a year ago
News Update From Abu Dhabi Commercial Bank
ADX Disclosures: Temporary suspension of trading on the shares of Abu Dhabi Commercial Bank on 23 Oct 2024

Resolution No. 484 of 2024 announces the temporary suspension of trading for Abu Dhabi Commercial Bank (ADCB) shares. This suspension is due to the ADCB Board of Directors meeting scheduled for 10:00 on October 23, 2024, which coincides with the trading session at the Abu Dhabi Securities Exchange (ADX). Trading will be halted from 09:00 on October 23, 2024, until ADX receives the meeting results. The resolution mandates that all relevant ADX department heads implement this decision and that it be communicated to the Securities and Commodities Authority (SCA), ADCB, all ADX departments, and accredited brokers. The resolution was approved by the authorized person and issued on October 21, 2024.

1. ADX Disclosures: Temporary suspension of trading on the shares of Abu Dhabi Commercial Bank on 23 Oct 2024

Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From TECOM GROUP P.J.S.C.
Disclosure: Press release

TECOM Group PJSC, through its subsidiary TECOM Investments FZ LLC, has acquired Office Park in Dubai Internet City from Emirates REIT for AED 720 million. This acquisition is part of TECOM Group's strategy to expand its portfolio of Grade-A commercial assets and reinforces its position in Dubai's commercial real estate sector. The acquisition increases the Group's total investments in commercial and industrial assets to over AED 2.7 billion in 2024. Office Park's strategic location in a prominent tech hub and its strong customer base are expected to positively impact TECOM Group's financial performance and offer sustainable growth opportunities. TECOM Group CEO Abdulla Belhoul highlighted the acquisition as a step towards addressing the demand for premium commercial real estate in Dubai, supporting the city's growth as a global economic center.

1. Disclosure: Press release

Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From Dubai Financial Market PJSC
DFM News: Futures contracts – New Contract Series

A new contract series for Oman Crude Oil Futures, specifically the December 2025 contract, will be available for trading starting on October 25, 2024. The contract, identified by the symbol OMOIL Z25, will be listed until October 24, 2025. This announcement is from the Dubai Financial Market and can be accessed on their website. The information is subject to change and is not a replacement for the official Dubai Financial Market Regulated Derivative Contract Trading Regulation.

1. DFM News: Futures contracts – New Contract Series

Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From Dubai Financial Market PJSC
DFM News: Suspend trading on AJMANBANK shares starting from 9:30 AM as its BOD meeting is being held today, 21-10-2024 and until results are disclosed
Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From Dubai Financial Market PJSC
DFM News: Resume trading on TAKAFUL-EM shares after the activation of company’s capital reduction
Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From Dubai Financial Market PJSC
DFM News: Reminder: Today, 21/10/2024 trading resumes on TAKAFUL-EM shares with the adjusted price after the activation the decision of company’s capital reduction
Dubai Financial Market News profile image
Dubai Financial Market News
a year ago
News Update From GFH Financial Group B.S.C.
Disclosure: Update on the Progress of the Discussions to Acquire Ithmaar’s Financing and Investment Portfolios

GFH Financial Group B.S.C. and Ithmaar Holding B.S.C. are currently in negotiations for GFH to acquire Ithmaar's financing and investment portfolios, pending regulatory approvals. Shareholders will be regularly updated on any developments. The expected financial impact will be disclosed in due course. Previous announcements regarding these discussions were made on March 6, April 7, May 6, June 6, and September 19, 2024. The announcement was made by Mariam Jowhary, Head of Compliance & AML.

1. Disclosure: Update on the Progress of the Discussions to Acquire Ithmaar’s Financing and Investment Portfolios

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