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Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Ithmaar Holding B.S.C
Disclosure: PROXY TO ATTEND THE ANNUAL ORDINARY GENERAL MEETING

The document is a proxy form for shareholders of Ithmaar Holding B.S.C. to appoint a representative to vote on their behalf at an Extraordinary General Meeting scheduled for 28 May 2024. The meeting will discuss and potentially approve the minutes of the previous meeting, the proposed sale and transfer of certain assets and liabilities, and the authorization for the Board of Directors to finalize the structure and terms of the transaction. If the quorum is not met, the meeting will be rescheduled for the following two days.

1. Disclosure: PROXY TO ATTEND THE ANNUAL ORDINARY GENERAL MEETING

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Ithmaar Holding B.S.C
Disclosure: Extraordinary General Meeting

Ithmaar Holding B.S.C. has announced an Extraordinary General Meeting on 28 May 2024, with additional meetings planned for the following two days if a quorum is not reached. The agenda includes approving the minutes of the previous year's meeting, discussing a proposed asset and liability sale, and authorizing the Board of Directors to finalize the sale. The sale involves assets valued between USD 695 million and USD 715 million and liabilities between USD 665 million and USD 695 million, to be transferred to GFH Financial Group B.S.C. or another entity agreed with GFH. All shareholders are invited to attend, with voting rights proportional to their share ownership. Shareholders may appoint a proxy to attend on their behalf, excluding certain company officials.

1. Disclosure: Extraordinary General Meeting 2. Disclosure: Extraordinary General 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 has launched a pre-summer campaign for its VISA Credit and Multi-Currency Prepaid Cardholders, offering the chance to win a fully paid holiday among other prizes. For every BD 50 spent using these cards from 5th May to 30th June 2024, customers will receive one entry into the prize draw. The main prize includes a trip for two to Istanbul, with a four-night stay at a 5-star hotel and a choice of two unique experiences. Three other winners will receive BD 2,000 credited to their cards for their summer vacations. The bank also offers exclusive pre-summer foreign exchange rates for its Multi-Currency Prepaid Cardholders.

1. Disclosure: Press Release

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
2 years ago
News Update From ESG EMIRATES STALLIONS GROUP P.J.S.C
Disclosures: ESG EMIRATES STALLIONS GROUP P.J.S.C AGM Results held on 06/05/2024 at 15:00

1. Disclosures: ESG EMIRATES STALLIONS GROUP P.J.S.C AGM Results held on 06/05/2024 at 15:00

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Al Mazaya Holding Company
Disclosure: Disclosure of the Date of BOD Meeting of Al Mazaya Holding Company KSCP (Holding)

1. Disclosure: Disclosure of the Date of BOD Meeting of Al Mazaya Holding Company KSCP (Holding)

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From GFH Financial Group B.S.C.
Disclosure: Update on the Progress of the Discussions to Acquire Ithmaar’s Financing and Investment Portfolios

On 06/05/2024, GFH Financial Group B.S.C. announced that they are in ongoing discussions to acquire financing and investment portfolios from Ithmaar Holding B.S.C. The transaction structure and definitive documents are currently being finalized. Ithmaar is also arranging an Extraordinary General Meeting for shareholder approval. The discussions are subject to due diligence and regulatory approvals. Shareholders will be regularly updated on any further developments.

1. Disclosure: Update on the Progress of the Discussions to Acquire Ithmaar’s Financing and Investment Portfolios

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Dubai Financial Market PJSC
DFM News: Resume trading on EMPOWER shares after disclosing the results of its BOD meeting
Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Emirates Central Cooling Systems Corporation PJSC
Disclosure: Press Release Regarding Financial Results for the 1st QTR of 2024

Emirates Central Cooling Systems Corporation (Empower) has reported a Q1 2024 revenue of AED 538 million, marking an 8.8% YoY growth. The company's EBITDA for the same period is AED 313 million, up by 8.2%, and its pre-tax net profit is AED 182 million, an 8.6% increase. The net profit post-tax totaled AED 166 million. Empower also revealed a consolidated revenue of AED 3.1 billion between April 2023 and March 2024, a 9.2% growth compared to the same period the previous year. The company's EBITDA for the last twelve months was AED 1.5 billion, a 6.2% increase. The growth is attributed to the increased demand for Empower's services in various Dubai projects and the recovery of diverse economic activities, particularly in the real estate sector.

1. Disclosure: Press Release Regarding Financial Results for the 1st QTR of 2024

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Emirates Central Cooling Systems Corporation PJSC
Disclosure: Financial statements for the 1st QTR of 2024

The text refers to the interim condensed consolidated financial statements of the Emirates Central Cooling Systems Corporation P.J.S.C for the three-month period ending on 31 March 2024.

1. Disclosure: Financial statements for the 1st QTR of 2024

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Al Mazaya Holding Company
Disclosure: Supplementary Disclosure of Al Mazaya Holding Company KSCP (Holding)

1. Disclosure: Supplementary Disclosure of Al Mazaya Holding Company KSCP (Holding)

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