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Al Salam Bank has announced its Platinum Sponsorship of the annual reception hosted by the Bahrain Association of Banks (BAB) in Washington, D.C., scheduled for October 16, 2025. This event coincides with the annual meetings of the International Monetary Fund and the World Bank and is expected to attract significant participation from Bahraini banks and senior delegations from both public and private financial institutions. Rafik Nayed, Group CEO of Al Salam Bank, highlighted the bank's focus on promoting Bahrain's role in global financial dialogues and its contributions to the stability and growth of the financial sector. He praised the event as a tradition that strengthens Bahrain's economic ties with international partners. The Bahrain Association of Banks commended Al Salam Bank for its support, noting that it enhances the event's outcomes and provides growth opportunities for Bahrain’s banking sector. The reception is seen as a chance to showcase Bahrain's financial system's strength and resilience, reinforcing its position as a preferred destination for international investment and partnerships.
Nasdaq Dubai has listed a USD 450 million Sukuk issued by Arada Developments LLC, a leading UAE-based master developer. The Sukuk, part of Arada's USD 1 billion Trust Certificate Issuance Programme, matures in 2030 and was oversubscribed more than four times, attracting over USD 2 billion in orders from regional and international investors. This marks Arada's third Sukuk on Nasdaq Dubai, bringing its total listed Sukuk to USD 1.5 billion. The listing ceremony was attended by HRH Prince Khaled bin Alwaleed bin Talal Al Saud, Executive Vice Chairman of Arada, and Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market. The strong investor interest highlights Arada's growing presence in the debt capital markets and supports its strategic expansion plans. Nasdaq Dubai's total listed Sukuk value has reached USD 100.6 billion, with overall debt securities on the exchange exceeding USD 141.6 billion.
The document is a formal announcement regarding the list of candidates for five vacant positions on a company's Board of Directors. The announcement is addressed to H.E. Waleed Saeed Abdul Salam Al Awadhi, CEO of the Securities and Commodities Authority, and Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market. It states that nominations for the board positions were open from August 16 to August 26, 2025, and the applications received are from the following candidates: Dr. Amin Khairalla Ahmed Aballa Al-Ali, Mr. Buti Abdulla Mohammed Aljumairi, Mr. Umair Nizami Zulfiqar Ali, and Mr. Essa Ali Bin Salem Bin Hassim Alzaabi. All candidates are applying for independent, non-executive roles.
Al Mal Capital PSC, as the Fund Manager of Al Mal Capital REIT (AMCREIT), is inviting all unitholders to attend the General Assembly meeting scheduled for September 25, 2025, at 1:00 PM. The meeting will take place at Al Mal Capital PSC's head office in Dubai, UAE, and can be attended either in person or remotely. The agenda includes discussing an Islamic banking facility to refinance an existing AED 227 million facility for Kent College – Dubai, with funding from Ajman Bank and RAK Bank. Since RAK Bank is a related party due to its unitholder status in AMCREIT, approval from unitholders is required. Additionally, the Fund Manager seeks approval for obtaining any hedging facilities from RAK Bank and for acquiring Islamic banking facilities worth approximately AED 170 million to finance a healthcare asset acquisition in Dubai. If the Islamic financing transaction cannot be completed in time, the Fund requests approval to proceed with alternative financing arrangements.