Latest Threads
Check out what has been happening in the community
Check out what has been happening in the community
On July 11, 2024, GFH Financial Group B.S.C. (trading code: GFH) issued a clarification regarding statements made by the CEO of GFH Partners Limited, the global asset management arm of the group. The clarification specifies that the mentioned amount of one billion dollars represents the total expected value of assets owned by the funds launched and to be launched throughout the year. This includes both equity and debt portions of the funds. The financial impact of this cannot be assessed at the current stage. The announcement was signed by Mariam Jowhary, Head of Compliance & AML.
On 11/07/2024, the Abu Dhabi National Company for Building Materials (BILDCO) held its fourth board meeting of the year. The key decisions made during the meeting included: 1. Approval of the minutes from the third board meeting of 2024. 2. Acceptance of the resignation of Mr. Salah Khamis Al-Junaibi from the Board of Directors and an expression of gratitude for his contributions. 3. Acceptance of Mr. Suhail Al Falasi's apology for not being able to chair the Board of Directors, limiting his role to that of a board member. 4. Appointment of His Excellency Omran Al-Halami as a board member for the remaining term, subject to presentation at the nearest general assembly. 5. Appointment of Omran Al-Halami as Chairman of the Board of Directors by acclamation. 6. Appointment of Rasheed Ali Rasheed Al Omaira as Vice Chairman of the Board of Directors by acclamation. 7. Appointment of Ali Rashid Nasser Al-Amira as Managing Director by acclamation, with financial allocations determined. 8. Maintenance of the current composition, tasks, powers, and financial allocations of the permanent committees of the Board of Directors, and the formation of a risk and business continuity committee. 9. Approval of the Power of Attorney for board members and executive management, including the determination of financial powers and signing rights in banks.
On July 11, 2024, the First Abu Dhabi Bank (FAB) addressed the Market Operations Surveillance Department of the Abu Dhabi Securities Exchange regarding recent news reports. FAB clarified that reports suggesting it is considering acquiring a stake in Yes Bank Ltd are unfounded. The bank emphasized that it is not evaluating any potential offer for Yes Bank Ltd. FAB reiterated its focus on executing its growth strategy and delivering strong returns to shareholders. Any significant developments will be communicated to stakeholders in accordance with regulatory requirements. For media inquiries, contact FAB Communications, and for investor-related inquiries, contact FAB Investor Relations.
Shuaa Capital PSC, headquartered at The H Hotel, Office Tower, 15th Floor, Office No. 1502, P.O. Box 54013, Dubai, UAE, is a licensed financial investment company regulated by the Securities and Commodities Authority under license number 630307 and commercial license number 200219. On July 10, 2024, Shuaa Capital informed Mr. Hamad Ahmed Ali, CEO of Dubai Financial Market, that the company's Board of Directors will make decisions by circulation on Tuesday, July 16, 2024. The agenda includes the approval of the consolidated and audited financial statements for the period ending March 31, 2024, and other company-related matters. The notice was signed by Islam Mahrous, the Chief Compliance Officer.
Nasdaq Dubai has welcomed three new Sukuk issuances by the Republic of Indonesia, totaling USD 2.35 billion. This listing enhances Dubai's position as the world's leading center for Sukuk listings, with a total value of USD 96.39 billion. The Republic of Indonesia now has 20 Sukuk listings on Nasdaq Dubai, amounting to USD 24.1 billion. The new Sukuk include USD 750 million due in 2029, USD 1 billion due in 2034, and USD 600 million due in 2054, which is a Green Sukuk. The total value of debt listed on Nasdaq Dubai is USD 134.1 billion, with Sukuk making up USD 93.89 billion. Nasdaq Dubai also leads in ESG-related listings, with green issuances totaling USD 19.7 billion out of USD 29.75 billion in ESG-related issuances. The listing was celebrated with a market opening bell ceremony attended by H.E. Husin Bagis, Ambassador of the Republic of Indonesia to the UAE, and Hamed Ali, CEO of Nasdaq Dubai and DFM. The event highlighted the strong economic ties between Dubai and Indonesia and the confidence global investors have in the market.