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Dubai Financial Market News

News Update From Takaful Emarat (PSC)

Disclosure: Results of Board Decisions by Passing

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.

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Dubai Financial Market News

News Update From National Industries Group Holding (S.A.K.)

Disclosure: Board of Directors Formation

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Dubai Financial Market News

News Update From National Industries Group Holding (S.A.K.)

Disclosure: Integrated report for the year 2024

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Dubai Financial Market News

News Update From Drake & Scull International P.J.S.C

Disclosure: Results of Board Decisions by Passing

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Dubai Financial Market News

News Update From National Industries Group Holding (S.A.K.)

Disclosure: Resolutions of General Assembly

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Dubai Financial Market News

News Update From Al Salam Bank B.S.C

Disclosure: Press release

Al Salam Bank, in collaboration with the Ministry of Housing and Urban Planning and Eskan Bank, has launched "Tasheel+", a new financing solution that combines the features of the "Mazaya" and "Tasheel" schemes. This product offers up to BD 91,000 in financing with flexible contribution options, aiming to provide comprehensive financial solutions for social housing initiatives. Additionally, Al Salam Bank introduced "Reducing Installment Additional Financing," which decreases installment amounts over time as the client's contribution increases, allowing for higher overall financing while maintaining stable monthly payments. The bank's Deputy CEO, Anwar Murad, and Head of Retail Banking, Mohammed Buhijji, emphasized the bank's commitment to supporting national housing initiatives and promoting financial inclusion. The first 20 clients of the program will receive a BD 500 cashback, and all beneficiaries will enjoy benefits such as exemption from valuation and fire insurance fees, no down payment, and competitive profit rates, subject to campaign terms and conditions. For more details, contact Al Salam Bank or book an appointment via the Skiplino app.

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Dubai Financial Market News

News Update From Sukoon Insurance PJSC

Disclosure: Financial statements for the 1st QTR of 2025

Sukoon Insurance P.J.S.C. and its subsidiaries have released a review report and condensed consolidated interim financial information for the three-month period ending March 31, 2025.

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Dubai Financial Market News

News Update From Dubai National Insurance & Reinsurance

Disclosure: Resolutions of General Assembly

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Dubai Financial Market News

News Update From Dubai National Insurance & Reinsurance

Disclosure: Press release

Dubai National Insurance (DNI) announced a 15% cash dividend at its Annual General Assembly Meeting, totaling AED 17.325 million. The company reported a net profit of AED 53.5 million for 2024, marking a 13.6% increase from the previous year. Insurance revenue rose by 5% to AED 469.1 million. Chairman Khalaf Ahmad Al Habtoor attributed the strong financial performance to effective underwriting strategies and investment income, despite challenges like the April floods. CEO A.R. Srinivasan highlighted the company's significant underwriting growth and enhanced digital capabilities. Al Habtoor expressed gratitude to UAE leadership and regulatory authorities, emphasizing DNI's commitment to sustainable growth and innovation.

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Dubai Financial Market News

News Update From Sukoon Insurance PJSC

Disclosure: Results of BOD Meeting

Sukoon Insurance PJSC held a Board of Directors meeting on April 24, 2025, at their head office in Dubai and via video conferencing. The board approved the financial statements for the first quarter of the fiscal year 2025, the compensation policy, and the job description for the Board Secretary. They also discussed general business matters. The meeting's results were communicated to Mr. Hamed Ahmad Ali, the Executive Chief Officer of the Dubai Financial Market, and a copy was sent to Mrs. Maryam Butti Al Suwaidi, Deputy CEO of the Securities and Commodities Authority in Abu Dhabi.

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