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Manazel PJSC, a UAE-based real estate development company, has appointed investment bank Houlihan Lokey as its financial advisor for a capital optimization plan. The plan includes strategies such as capital raise, corporate reorganization, and sale of non-core assets. Houlihan Lokey will assist Manazel's leadership team to optimize the company's capital structure and identify new investment opportunities. This move is part of Manazel's efforts to strengthen its financial position and promote sustainable growth.

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

The Annual General Assembly Meeting of Al Yah Satellite Communications Company PJSC was held on Thursday 25 April 2024. Shareholders representing 70.5% of the company's share capital registered for the meeting, which was held at the Four Seasons Hotel Abu Dhabi and virtually. The meeting was attended by Mr. Ahmad Al Raisi, a representative of the Securities and Commodities Authority. The Chairman of the Board of Directors, H.E. Musabbeh Helal Musabbeh Ali Al Kaabi, declared the meeting quorate and appointed Mr. Ahmad Ma’abreh as secretary to the meeting and First Abu Dhabi Bank and Lumi as vote collectors. The secretary presented the agenda, which included Ordinary Resolutions requiring the approval of the majority of shares represented at the meeting.

The Board of Directors of the Abu Dhabi National Insurance Company PJSC held their third meeting of the year 2024 on May 9th. The agenda included the adoption of the meeting's agenda, approval of previous meeting minutes, review and approval of the company's Q1 2024 financial statements, review of board committee recommendations, and review of findings from the Central Bank regarding anti-money laundering and climate-related financial risks. Other matters were also discussed. The meeting was authorized by Omar Khedr, the Board Secretary.