Latest Threads

GFH Financial Group B.S.C. announced that it has purchased 9,890,113 of its own shares (treasury shares), increasing its total treasury shares from 199,863,664 (5.21% of total issued shares) to 209,753,777 (5.47% of total issued shares) as of May 31, 2024. The decision to purchase was made during the board meeting on March 24, 2024, and received approval from the relevant authority on May 29, 2024. The average purchase price was 0.3050 USD per share. There are 173,505,606 shares remaining for future purchase. The announcement was signed by Mariam Jowhary, Head of Compliance & AML.

The Abu Dhabi Securities Exchange has issued a notice regarding a circular resolution by the Board of Directors of Abu Dhabi Ports Company PJSC. Following the resignation of H.E. Falah Mohammad Al Ahbabi from the Board, a resolution will be circulated at 6 PM on Tuesday, June 4, 2024, to appoint a new board member to fill the vacant position. The notice is signed by Emil Pellicer, General Counsel, and a copy has been sent to the Securities and Commodities Authority.

The main office of Fujairah Cement Industries (FCI) will be relocated to the FCI Factory on Sheikh Zayed Bin Sultan Al Nahyan Road in Dibba Fujairah. This change will take effect on June 17, 2024. For any inquiries related to the new head office, contact can be made via email at ho@fujairahcement.com, hofci79@fujairahcement.com, or hofci79@fciho.ae, or by phone at +97192444011 or fax at +9712444016. The announcement is signed by the Chairman, Mohamed Bin Hamad Bin Saif Alsharqi, and a copy has been sent to the Securities and Commodities Authority (SCA).

Emirates Driving Company (EDC) has received a top AAA ESG rating from MSCI, scoring 9.7 out of 10, the highest in the consumer services industry as of March 2024. This rating reflects EDC's commitment to sustainability, social responsibility, and governance. EDC began its sustainability efforts in 2020 and has since integrated sustainability into its corporate strategy and developed a comprehensive Sustainability Strategy and ESG Governance Framework. In 2023, EDC launched an ESG Transformation Program aimed at achieving Net-Zero emissions by 2050 and addressing broader social impacts. CEO Khaled Al Shemeili highlighted the company's dedication to sustainability and responsible business practices.

On May 31, 2024, the Abu Dhabi Securities Exchange (ADX) received a notice from the Abu Dhabi National Insurance Company PJSC regarding the resignation of Mr. Yousuf Amin, who served as the Executive Vice President & Chief Operational Services and Technology Officer. This resignation will take effect on July 21, 2024, in accordance with Article 33 of the SCA Board of Directors’ Decision No. 3 of 2000, which pertains to the Regulation of Disclosure and Transparency. The notice was signed by Charalampos Mylonas, the Chief Executive Officer.

GFH Financial Group B.S.C. announced the purchase of 11,949,000 treasury shares, increasing its total treasury shares from 187,914,664 (4.90% of total issued shares) to 199,863,664 (5.21% of total issued shares) as of May 30, 2024. The board of directors decided on the purchase on March 24, 2024, and it was approved by the relevant authority on May 29, 2024. The average purchase price was 0.2989 USD per share, and the purchased shares represent 0.312% of the issued capital. There are 183,395,719 shares remaining for purchase. The announcement was signed by Mariam Jowhary, Head of Compliance & AML.

Dubai Islamic Insurance & Reinsurance Company (AMAN) (P.J.S.C) has released its unaudited condensed interim consolidated financial information for the three-month period ending 31 March 2024.