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HAYAH Insurance Company P.J.S.C., located on the 16th floor of Sheikh Sultan Bin Hamdan Building, Corniche Road, Abu Dhabi, UAE, is a Public Joint Stock Company with a paid-up capital of AED 200 million. It is registered with the Central Bank of the UAE under registration no. 83 since 16/09/2008. Mohamed Seghir, the Chief Executive Officer, signed the document on 28th May 2024. The company disclosed the resignation of Mrs. Alyazia Ali Saleh Ahemd Alkuwaiti, a non-executive, independent board member, effective from 22nd May 2024, citing private reasons for her resignation.
Eshraq Investments PJSC, listed on the Abu Dhabi Securities Exchange, has announced a new corporate strategy focusing on directly held Private Equity investments in high-growth GCC companies over a 5-7 year period. This strategy aims to maximize shareholder value by balancing the portfolio with cash generation from minority equity positions, fixed income assets, and Real Estate investments. The company is also evaluating options for its legacy portfolio, including developed and undeveloped Real Estate assets and the future management of the Goldilocks Fund. The Board has mandated immediate execution of the strategy. Chairman Fahad Al Qassim and CEO Mohamed Al Hashimi expressed confidence in the new direction, highlighting the company's strong balance sheet and experienced management team as key enablers for future growth. Further announcements regarding the transition of legacy assets are expected soon.
Shuaa Capital PSC, headquartered at The H Hotel, Office Tower, 15th Floor, Office No. 1502, P.O. Box 54013, Dubai, UAE, is a licensed financial investment company regulated by the Securities and Commodities Authority under license number 630307 and commercial license number 200219. On May 28, 2024, the company informed Mr. Hamad Ahmed Ali, CEO of Dubai Financial Market, that its Board of Directors approved the following resolutions by circulation: 1. Approval of the company's consolidated and audited financial statements for the fiscal year ending December 31, 2023. 2. Approval of the company's annual report, including the governance report. 3. Calling for the annual general meeting for 2023, subject to regulatory approval, and authorizing the Managing Director and/or CEO to take necessary actions as per regulations. 4. Recommendation to the general assembly not to distribute dividends to shareholders for 2023. 5. Other matters related to the company's operations. The notice was signed by Islam Mahrous, Head of Compliance.
The Extraordinary General Meeting has been postponed due to the lack of quorum on Tuesday. A second meeting is scheduled for Wednesday, May 29, 2024, at 1:30 PM, at the Noble Meeting Room, Westin City Centre Bahrain Hotel, Seef District, Kingdom of Bahrain.
A letter dated 28 May 2024, addressed to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, informs him of an upcoming Board of Directors meeting for Dubai Islamic Bank. The meeting is scheduled for Tuesday, 4 June 2024, at 3:30 PM. The board will discuss routine business matters that do not impact the share price. The letter is signed by Mohamed Wahb, Board Secretary of Dubai Islamic Bank, and a copy is sent to H.E. Dr. Maryam Buti Al Suwaidi, CEO of the Securities and Commodities Authority in Abu Dhabi, UAE.
BHM Capital has been appointed as the liquidity provider for Drake and Scull International PJSC’s (DSI) shares on the Dubai Financial Market (DFM). As part of this role, BHM Capital will enter two-way daily quotes into the market trading system in accordance with regulations set by the DFM and the UAE Securities and Commodities Authority (SCA). Abdel Hadi Al Sa’di, CEO of BHM Capital, highlighted that this initiative aims to stabilize DSI's share price fluctuations, enhance investment opportunities, and streamline the trading process for all investors. He also expressed gratitude to various regulatory bodies and stakeholders for their support in the restructuring plan of DSI.