Latest Threads

On May 3, 2024, GFH Financial Group announced that it has purchased an additional 1,100,000 of its own shares (treasury shares), increasing its total holding from 280,629,510 shares (7.32% of total issued shares) to 281,729,510 shares (7.35% of total issued shares). The decision to purchase these shares was made by the company's board of directors in September 2021 and approved by the Authority in April 2024. The average purchase price was $0.302 USD per share, representing 0.029% of the issued capital. After this purchase, there are 101,529,873 shares remaining for purchase.

On May 3, 2024, a letter was sent to Mr. Hamed Ahmed Ali, the CEO of Dubai Financial Market, by Lama Takieddin, the Head of Corporate Governance and Company Secretary of Amlak Finance PJSC. The letter informs that the Board of Directors of Amlak Finance PJSC will consider a resolution by circulation on Wednesday, May 8, 2024, at 3 pm, regarding the adoption of the company's financial statements for the period ending on March 31, 2024. A copy of the letter was also sent to the Securities & Commodities Authority.

The DFM Regulated Short Sell weekly trading summary for the period 29th April to 3rd May 2024 shows that GFH Financial Group B.S.C. had a short sell trade volume of 2,000,000 with a trade value of AED 2,160,000.00. Additional information on Regulated Short Selling is available on the DFM Market Rules Module Three Membership, Trading, And Derivatives Rules, and Operational Model and Procedures for Implementation. This information is subject to change and DFM holds no liability for any loss resulting from the use of this data.

The Chief Executive of the Abu Dhabi Securities Exchange has issued Resolution No. (390) to suspend the trading of E7 Group PJSC shares effective from 3-May-2024 until further notice. This is in accordance with Articles No. (10/11) & No. (38) of the Abu Dhabi Securities Exchange Listing and Disclosure Rules. All departments of the Abu Dhabi Securities Exchange are required to implement this resolution. This resolution will be circulated to the respective company, brokers and will be effective from the issuance date, which is 3-May-2024.

Resolution No. (389) of 2024 temporarily suspends trading of the shares of Oman & Emirates Investment Holding Co on the ADX. This is due to the company's Board of Directors Meeting scheduled at 11:00 on 7-May-2024, which conflicts with the trading session at ADX. Trading will be suspended from 09:00 on 7-May-2024 until ADX receives the meeting results. All heads of departments in ADX are required to execute this resolution in their respective fields. The resolution will be circulated to SCA, the concerned company, all departments at ADX, and all brokers accredited by ADX. The resolution was issued on 03/05/2024.

The Dubai Financial Market (DFM) and the Swiss Financial Market Infrastructure Group (SIX) have announced a strategic partnership aimed at fostering mutual growth and innovation in the global financial landscape. The agreement, signed during the Capital Market Summit, focuses on exploring dual/cross-listing opportunities, simplifying the process of transferring shares between exchanges, and sharing best practices and market data. The initiative also aims to expand market access and boost investment prospects in both regions. The partnership includes the Dubai Central Securities Depository LLC and Dubai Clear LLC under the DFM umbrella, who will work with SIX to establish Central Securities Depository links to facilitate share fungibility and cross-border transfers.

Resolution No. (388) of 2024 temporarily suspends trading of RAK Co. for White Cement & Construction Materials' shares on the ADX. This decision is made due to a coinciding Board of Directors meeting scheduled for 11:00 on 9-May-2024. The trading suspension will start from 09:00 on 9-May-2024 and will last until the meeting results are received by ADX. All heads of departments in ADX are required to execute the resolution in their respective fields. The resolution will be circulated to SCA, the concerned company, all departments at ADX, and all brokers accredited by ADX. The resolution was approved by the authorized person and issued on 03/05/2024.

The National Cement Company PSC has announced the postponement of its board of directors meeting originally scheduled for 5th March 2024, at 9:00 am. The meeting will now be held on 13th May 2024 at 1:30 pm. The agenda will cover approval of minutes from the previous meeting, election of Chairman and Vice-Chairman, appointment of the board committees composition, review of the financial statements for Q1 2024, and discussion of other related matters. The notification was issued by the General Manager, Eng. Mohammed Abdulla Ahmed Al Ghurair.