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Amlak Finance PJSC has agreed to sell 18,702,000 shares in Amlak International Finance Company, a joint-stock company in Saudi Arabia. The initial acquisition cost of these shares was AED 163.07 million, representing 10.87% of Amlak Finance's share capital. The sale is valued at SAR 201.677 million (approximately AED 197.28 million). This transaction is part of Amlak Finance's strategy to divest from non-core businesses and reallocate capital, with no expected negative impact on its operations or shareholder rights. Shareholders approved the sale during a General Assembly on April 21, 2025. The buyers include Murbiha Company, Abdulmajed Abdulaziz Almeshaal, and others, while Amlak Finance PJSC is the seller. The transaction is not a related party transaction. The agreement was signed on June 12 and July 31, 2025, with execution dates on June 12, June 15, and July 31, 2025. The deal is considered executed.
The document is a formal communication regarding an upcoming earnings call meeting for the Dubai Financial Market (PJSC). The meeting is scheduled for August 5, 2025, at 5:00 pm, and will focus on discussing the financial results for the second quarter, which ended on June 30, 2025. The letter is addressed to members of the Dubai Financial Market and includes contact information for key executives like H.E Waleed Saeed Al Awadhi, CEO of the Securities and Commodities Authority, and Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market. The communication aims to inform stakeholders about the details of the earnings call.
The National Cement Company PSC has scheduled a board meeting on Tuesday, August 12, 2025, at 12:00 PM. The agenda includes the approval of the previous meeting's minutes, discussion of the company's financial statement for the second quarter ending June 30, 2025, discussion of the company's business, and other related matters. The communication is addressed to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, and is also copied to the Securities and Commodities Authority. The letter is signed by Mohammed Abdulla Ahmed Al Ghurair, the General Manager of the National Cement Company.
GFH Financial Group B.S.C. announced that it will host a webcast for its second quarter 2025 financial results on Thursday, August 14, 2025, at 1:00 pm Bahrain time. The webcast will cover the financial period ending June 30, 2025. Shareholders and investors are invited to attend. Mariam Jowhary, Head of Compliance and Anti-Money Laundering, has signed the announcement.
This document has been prepared following the disclosure requirements set by the SCA Board of Directors' Decision No. (32/R.M.) of 2019, which outlines procedures for companies listed on the market with accumulated losses of 20% or more of their paid-up capital. Companies must comply with the provisions when their accumulated losses reach 50% or more of their paid-up capital. As of August 3, 2025, Ithmaar Holding B.S.C. reported its financial statements for Q2 2025, showing accumulated losses valued at USD 827.07 million, which is 109% of its paid-up capital. The accumulated losses initially amounted to 68.8% of the paid-up capital in December 2016, primarily due to impairment provisions from non-core investments during financial crises. In 2018, early adoption of FAS30 led to increased impairment provisions, raising the accumulated losses to 98%. In 2020, the losses increased by $87.5 million due to the economic impact of COVID-19. However, in 2021, losses decreased by $35.0 million due to net income attributable to shareholders. In 2022 and 2023, losses increased by $29.9 million and $9.3 million, respectively, due to net losses attributable to shareholders. In 2024, losses decreased by $9.4 million, and in 2025, by $1.58 million, mainly due to net profits attributable to shareholders.