Latest Threads

Takaful Emarat - Insurance PSC has appointed BHM Capital Financial Services PSC as a Liquidity Provider for its shares listed on the Dubai Financial Market. This appointment follows the necessary approval from the Dubai Financial Market. The liquidity provision activity for Takaful Emarat's shares is set to begin on April 25, 2025.

The Board of Directors meeting for Watania International Holding (PJSC) is scheduled for Tuesday, April 29, 2025, at 2:00 PM. The agenda includes the election of the Chairman and Vice Chairman, the constitution and appointment of board committees, the appointment of the Board Secretary, and routine business discussions. The authorized signatory is Nawal Ma’ally, the Board Secretary, with the document signed and dated April 24, 2025.

GFH Financial Group announced the purchase of 100,000 treasury shares, increasing its total treasury shares from 197,746,941 to 197,846,941, maintaining a 5.16% share of the total issued shares as of April 24, 2025. The decision to purchase was made by the company's board on March 24, 2024, and approved by the relevant authority on February 16, 2025. The purchase was completed on April 24, 2025, at an average price of 2.0889 USD per share. The percentage of shares purchased from the issued capital was 0.003%. There are 12,442,518 shares remaining for purchase. Mariam Jowhary, Head of Compliance & AML, is the contact person for this announcement.

Takaful Emarat, a company listed on the Dubai Financial Market, has appointed BHM Capital as its liquidity provider. This partnership aims to enhance the stability and attractiveness of Takaful Emarat's shares, supporting the company's expansion and sustainable growth. BHM Capital will improve the liquidity of Takaful Emarat shares by managing bid and ask orders, which will help stabilize the share price and facilitate trading for investors. The collaboration aligns with BHM Capital's strategy to support national companies and enhance market efficiency. BHM Capital is a prominent financial institution in the UAE, known for its financial technology and services for individual and corporate investors.

Dubai Islamic Bank reported strong financial performance for the first quarter of 2025, highlighting its position as a leader in Islamic finance. The bank achieved a 14% year-on-year increase in pre-tax profit, reaching AED 2.1 billion, and a 5% year-on-year growth in operating revenue to AED 3.2 billion. The balance sheet expanded by 3% year-to-date to AED 355 billion, with a net financing portfolio growth of 5% year-to-date to AED 223 billion. Customer deposits grew by 7% year-to-date to AED 265 billion, with CASA balances increasing by 4% year-to-date to AED 99 billion, representing 37% of total deposits. Impairment charges decreased significantly by 45% year-on-year to AED 163 million. The results underscore the bank's strategic resilience and its influence in the global Islamic finance sector.

The document is a review report and condensed consolidated interim financial information for Dubai Islamic Bank P.J.S.C., covering the three-month period ending on March 31, 2025.

Takaful Emarat Insurance (P.S.C), a public shareholding company registered under UAE Federal Law No. 48 of 2023, held a Board of Directors meeting on April 24, 2025. During the meeting, the Board approved a Liquidity Provider agreement. The authorized signatory for the decision was Adnan Sabaalaish, the Acting Chief Executive Officer, who signed the resolution on the same date. The company is registered under insurance companies Register No. 86, dated October 14, 2008.