Latest Threads

BHM Capital has been appointed as the liquidity provider for Spinneys' shares on the Dubai Financial Market (DFM). This appointment involves BHM Capital entering two-way daily quotes into the market trading system in compliance with DFM and UAE Securities and Commodities Authority regulations. Abdel Hadi Al Sa’di, CEO of BHM Capital, mentioned that this initiative aims to enhance the company's position in the market, stabilize share prices, and facilitate trading for investors. He also noted that BHM Capital previously provided price stabilization for Spinneys' shares when they were newly listed on May 9, 2024. BHM Capital is a leading financial institution in the UAE, offering services to individual and corporate investors and is known for its role in financial technology. For more information, visit www.bhmuae.ae.

Empower, the world's largest district cooling services provider, has launched its annual summer campaign titled 'Set at 24°C and Save' to encourage its 136,000+ customers to reduce energy consumption and cooling bills. This initiative aims to promote sustainability practices by urging customers to set their air conditioners to 24°C in Auto mode, which can save energy, lower bills, and protect the environment. Empower's CEO, Ahmad bin Shafar, emphasized the importance of rationalizing energy use, especially during the summer, to preserve natural resources and contribute to Dubai's goal of becoming a global hub for the green economy and achieving the lowest carbon footprint by 2050.

On June 10, 2024, Drake & Scull International PJSC announced the completion of its restructuring plan, which included the write-off of 4,181,744,366 dirhams of financial and commercial debts. This was achieved through the issuance of mandatory convertible sukuk to the company's creditors, as per the court's decision and the restructuring plan. The company has fulfilled all obligations outlined in the restructuring plan, including increasing its capital by more than the minimum required 300 million dirhams. The restructuring plan was agreed upon with financial and commercial creditors and approved by the competent courts, and the company has received approval from the Securities and Commodities Authority.

On 10 June 2024, the Board of Directors of Presight AI Holding PLC held a meeting at 3:30 PM UAE time. The Board approved the following decisions: 1. Elected His Excellency Dr. Sultan Ahmed Al Jaber as Chairman of the Board. 2. Elected His Excellency Mansoor Al Mansoori as Vice Chairman of the Board. 3. Established the Executive Committee, which will report to the Board of Directors. The Executive Committee members are: - His Excellency Mansoor Al Mansoori (Chairperson) - Kiril Evtimov (Member) - Thana Pramotedham (Member) 4. Addressed other general business matters.