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Emirates Driving Company (EDC) has received a top AAA ESG rating from MSCI, scoring 9.7 out of 10, the highest in the consumer services industry as of March 2024. This rating reflects EDC's commitment to sustainability, social responsibility, and governance. EDC began its sustainability efforts in 2020 and has since integrated sustainability into its corporate strategy and developed a comprehensive Sustainability Strategy and ESG Governance Framework. In 2023, EDC launched an ESG Transformation Program aimed at achieving Net-Zero emissions by 2050 and addressing broader social impacts. CEO Khaled Al Shemeili highlighted the company's dedication to sustainability and responsible business practices.
On May 31, 2024, the Abu Dhabi Securities Exchange (ADX) received a notice from the Abu Dhabi National Insurance Company PJSC regarding the resignation of Mr. Yousuf Amin, who served as the Executive Vice President & Chief Operational Services and Technology Officer. This resignation will take effect on July 21, 2024, in accordance with Article 33 of the SCA Board of Directors’ Decision No. 3 of 2000, which pertains to the Regulation of Disclosure and Transparency. The notice was signed by Charalampos Mylonas, the Chief Executive Officer.
GFH Financial Group B.S.C. announced the purchase of 11,949,000 treasury shares, increasing its total treasury shares from 187,914,664 (4.90% of total issued shares) to 199,863,664 (5.21% of total issued shares) as of May 30, 2024. The board of directors decided on the purchase on March 24, 2024, and it was approved by the relevant authority on May 29, 2024. The average purchase price was 0.2989 USD per share, and the purchased shares represent 0.312% of the issued capital. There are 183,395,719 shares remaining for purchase. The announcement was signed by Mariam Jowhary, Head of Compliance & AML.
Dubai Islamic Insurance & Reinsurance Company (AMAN) (P.J.S.C) has released its unaudited condensed interim consolidated financial information for the three-month period ending 31 March 2024.
The Board of Directors of Dubai Refreshment PJSC has appointed Mrs. Farida Mohammad Rafi as an independent member of the Board, effective immediately, as per a decision made on May 30, 2024. This information was communicated to Mr. Hamed Ahmed Ali, CEO of Dubai Financial Market, by Mr. Tarek El Sakka, CEO of Dubai Refreshment PJSC.
BHM Capital Financial Services PJSC, a private joint stock company regulated by the Securities and Commodities Authority (SCA), announced the expiry of its Liquidity Provision Agreement with Al Ansari Financial Services PJSC, effective June 28, 2024. The agreement will not be renewed, and BHM Capital will fulfill its obligations until the specified date. The announcement was submitted to the Dubai Financial Market through the EFSAH System.