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E7 Group PJSC, a leading UAE provider of commercial printing, security solutions, sustainable packaging, and distribution services, announced an AED 182 million investment in its security solutions segment, E7 Security. This investment aims to expand E7's passport manufacturing capacity and support its entry into digital tax stamp production. The initiative is part of E7's broader growth strategy and follows its recent market expansions and strategic partnerships. The planned production of digital tax stamps will begin in 2026, aligning with global efforts to combat illicit trade. Additionally, E7 plans to increase its passport production capacity fivefold by 2026, enhancing its market reach and incorporating advanced security features. The announcement underscores E7's commitment to innovation and long-term growth in high-value security solutions.

The text is an application form for candidacy to the Board of Al Seer Marine Supplies & Equipment Company PrJSC. It requests personal information including the full name, nationality, UAE ID number, and contact details of the applicant. The form inquires if the applicant has previously served as a board member, the nature of their directorship (executive, non-executive, or independent), and their current occupation. It also asks for a brief bio, academic credentials, and details of other companies or institutions where the applicant is working or holds a board position, including any concurrent roles that might compete with Al Seer Marine. Additionally, the form requires a list of commercial companies where the applicant is a partner or shareholder, along with the number of shares held. Applicants are asked to briefly describe their academic and professional background, the reasons for seeking a board position, and the specific skills or contributions they can bring to the company. The form concludes with a declaration of the accuracy of the provided information and requires the candidate's signature.

Yahsat has contracted Airbus Defence and Space SAS to construct the Al Yah 4 and Al Yah 5 geostationary telecommunications satellites. These satellites will feature fully flexible, software-defined payloads that allow in-orbit reconfiguration of coverage area, capacity, and communication frequencies. The total program cost is expected to be around AED 3.9 billion (USD 1.1 billion). The contract also includes two Airbus ARROW spacecraft platforms for future low Earth orbit deployment. The agreement follows an earlier Authorisation-to-Proceed with Airbus and a subsequent AED 18.7 billion (USD 5.1 billion) mandate from the UAE Government for satellite communications capacity and managed services over 17 years, primarily on AY4 and AY5. The satellites will be based on the Eurostar Neo platform and will replace the older Al Yah 1 and Al Yah 2 satellites. They will provide secure governmental communications across the Middle East, Africa, Europe, and Asia. Yahsat's CEO, Ali Al Hashemi, expressed satisfaction with the contract, highlighting its importance for Yahsat's growth and the enhancement of their satellite communications capabilities. Alain Fauré, Head of Space Systems at Airbus, noted the significance of this milestone in their long-term partnership with Yahsat.

Sukoon Takaful PJSC, previously known as Arabian Scandinavian Insurance Company P.L.C - Takaful - ASCANA Insurance, has officially rebranded itself. This change aligns with the rebranding of its parent company, Sukoon Insurance, earlier in the year. The company, which is listed on the Dubai Financial Market (DFM), announced the rebrand as a significant milestone, emphasizing its commitment to innovation and customer-centric services. Sukoon Takaful offers a variety of Sharia-compliant insurance solutions, including property, motor, life (Family Takaful), marine, engineering, and general accident coverage. The company is rated 'A' with a stable outlook by S&P, backed by Sukoon Insurance's guarantee.

**DFM Regulated Short Sell – Weekly Summary** **Summary Period:** 03 June 2024 to 07 June 2024 **Date of Issue:** 07 June 2024 **Weekly Trading Summary:** - **Symbol:** GULFNAV - **Security Name:** Gulf Navigation Holding PJSC - **Short Sell Trade Volume:** 3,000 - **Short Sell Trade Value (AED):** 20,640.00 For more information on Regulated Short Selling (RSS), refer to the DFM Market Rules Module Three and the Operational Model and Procedures for Implementation of Regulated Short Selling available at [DFM Market Rules](http://www.dfm.ae/the-exchange/regulation/market-rules). The announcement is also available on the DFM website at [DFM Market Announcements](https://www.dfm.ae/the-exchange/news-disclosures/market-announcements). **Disclaimer:** The information provided is subject to change and is offered on an "as is" and "as available" basis. DFM is not liable for any direct, indirect, special, or consequential loss resulting from the use of the data and content in this document.

**Summary:** On June 6, 2024, the Board of Directors of Emirates Driving Company PJSC met from 2:00 p.m. to 3:40 p.m. Four board members were present, achieving an 80% quorum. Key decisions included proceeding with the acquisition of a stake in a domestic company, with details to be disclosed after completing official procedures and negotiations. The board also discussed the company's workflow and project progress. The meeting's resolutions were signed and dated by CEO Mr. Khaled Al Shemeili.

The Dubai Financial Market (DFM) has announced margin parameters for various futures contracts effective June 10, 2024. The announcement lists the base margin percentages and currency amounts required per contract for different underlying symbols such as AIRARABIA, AlANSARI, ARMX, DEWA, and others. The specific margin percentages range from 5% to 13%, with corresponding base margin amounts in AED and USD. The methodology for margin calculation and types of eligible margin can be found in the Derivatives Clearing Guidelines and Procedures on the Dubai Clear website. This information is subject to change and should be cross-referenced with the official DFM Regulated Derivative Contract Trading Regulation for accuracy. For further details, visit the DFM announcements page.