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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
2 years ago
News Update From Alliance Insurance
Disclosure: BOD meeting

1. Disclosure: BOD meeting

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From GFH Financial Group B.S.C.
Disclosure: GFH Financial Group Increases its Stake in GFH Equities

GFH Financial Group B.S.C. announced on July 22, 2024, that it has increased its stake in GFH Equities B.S.C. Closed (formerly known as GBCorp B.S.C. Closed) by 12.50%, raising its total ownership to 76.63%. This investment is expected to positively impact the Group's financials and increase its returns. The announcement was made by Mariam Jowhary, Head of Compliance & AML.

1. Disclosure: GFH Financial Group Increases its Stake in GFH Equities

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Dubai Refreshment Company P.J.S.C.
Disclosure: BOD meeting

Date: 22 July 2024 Ref: LM_LTR_02 7_2024 Mr. Hamed Ahmed Ali, Chief Executive Officer, Dubai Financial Market, Dubai, UAE Subject: Dubai Refreshment P.J.S.C Board of Directors Meeting A Board of Directors meeting for Dubai Refreshment P.J.S.C is scheduled for Tuesday, 30 July 2024, at 4:00 PM. The agenda includes discussing and approving the unaudited interim condensed consolidated financial statements for the second quarter ending 30 June 2024, as well as discussing internal company matters. Kind Regards, Dubai Refreshment P.J.S.C Karem Mahmoud Director of Legal

1. Disclosure: BOD meeting

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

Al Salam Bank, in partnership with Solidarity Bahrain, has launched a new multi-year motor Takaful insurance product for the first time in Bahrain. This Sharia-compliant insurance offers coverage for up to seven years with flexible payment options, including installments, cash, and "Buy Now Pay Later." The first 30 clients to issue a new policy by September 30, 2024, will receive BD 50. Mr. Mohammed Buhijji, Head of Retail Banking at Al Salam Bank, highlighted the product's benefits, including ease of mind, special discounts, and a seamless banking experience. The fixed-cost coverage remains consistent even in the event of claims, and the insurance amount is lower than annual renewal policies. For more information, visit the bank's website or contact them via WhatsApp or Skiplino.

1. Disclosure: Press release

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From BHM Capital Financial Services PSC
Disclosure: Press release

BHM Capital has been appointed as the liquidity provider for GFH Financial Group B.S.C shares on the Dubai Financial Market (DFM) and Abu Dhabi Securities Exchange (ADX). This partnership aims to enhance the liquidity of GFH shares, ensuring greater price stability and more efficient transactions for both individual and institutional investors. BHM Capital will provide liquidity by entering two-way daily quotes into the trading systems in compliance with regulations. Abdel Hadi Al Sa’di, CEO of BHM Capital, emphasized that this role underscores their commitment to market access and financial solutions, aiming to support market efficiency and investor confidence. BHM Capital is a leading financial institution in the UAE, known for its services to individual and corporate investors and its leadership in financial technology.

1. Disclosure: Press release

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Dubai Taxi Company PJSC
Disclosure: Earnings Call

On 22 July 2024, Mr. Hamed Ahmed Ali, the Chief Executive Officer of the Dubai Financial Market, was informed that Dubai Taxi Company PJSC will hold an earnings call on Friday, 26 July 2024, at 10:00 AM to discuss the financial results for the second quarter of 2024. The presentation for the meeting will be available on the company's website prior to the meeting. The announcement was made by Rami Mohammad Al Banna, Head of Investor Relations, and a copy was sent to the Securities and Commodities Authority.

1. Disclosure: Earnings Call

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Dubai Taxi Company PJSC
Disclosure: BOD meeting

The Board of Directors of Dubai Taxi Company P.J.S.C. will hold a meeting on Thursday, July 25, 2024, at 3:00 PM at the company's headquarters. The agenda includes discussions and approvals on the following items: 1. Financial results for the first half of the fiscal year 2024. 2. Distribution of cash dividends for the first half of the fiscal year 2024, as authorized by the shareholders during the AGM on March 28, 2024, in accordance with the company's articles of association and dividend policy. 3. Other operational and internal matters. Best Regards, Vicken Khochafian Board Secretary CC: Securities and Commodities Authority

1. Disclosure: BOD meeting

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Dubai Financial Market PJSC
DFM News: Reminder: Today, 22/07/2024 is the last trading date for the shareholders of IFA to be entitled for the Capital increase
Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Dubai Financial Market PJSC
DFM News: Reminder: General Assembly of SALAMA is being held on 22/07/2024

The Board of Directors of Islamic Arab Insurance Company (SALAMA) invites shareholders to attend the General Assembly meeting on Monday, July 22, 2024, at 3:00 PM. The meeting will be held at the company's headquarters in Dubai or via remote presence technology, including video participation and electronic voting. The agenda includes: 1. Electing two new Board Members to fill vacant seats until April 2026. 2. Discharging the resigned Board Members, H.E. Saeed Mubarak AlHajeri and H.E. Mohammed bin Abdulaziz AlShehhi, from liability. 3. Approving the appointment of Mr. Mohammed Alhashmi as a new Board Member, replacing Mr. Ajit Joshi, who resigned on March 11, 2024. Mr. Alhashmi will serve until April 2026. Shareholders will receive the meeting link via email, text messages, and the Dubai Financial Market website.

1. DFM News: Reminder: General Assembly of SALAMA is being held on 22/07/2024

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Dubai Financial Market PJSC
DFM News: Suspend trading on DU shares starting from 2:00 PM as its BOD meeting is being held today, 22-07-2024 and until results are disclosed
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