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BHM Capital, a prominent financial institution in the United Arab Emirates, has been granted approval by the Dubai Financial Market to implement the price stabilization mechanism for new stock listings. The retail chain, Spinneys, will be the first company to use this service after listing, following its 25% share public subscription offer from April 23 to 29. The mechanism allows newly listed or existing companies to appoint BHM Capital as their price stabilizer manager, which supports the stock price for a specific period after its trading debut. The CEO of BHM Capital, Abdel Hadi Al Sa’di, expressed his satisfaction with the approval and highlighted the mechanism's contribution to market transparency and stability.

Sukoon Insurance PJSC has announced that Mr. Ali Rashed Lootah has resigned from his position as a board member, effective from 25/03/2024. The board has appointed Mr. Mohamed Salah Abdel Hamid Abdel Razek as a new board member, subject to approval from the Central Bank. The notification was signed by Louise O’Donnell, EVP-Head of Strategy, International Operations, Legal and Compliance.

The Micro DME Oman Crude Oil Futures Contracts, set to expire in April 2024, have been issued with the expiry settlement price of 88.68 USD. The contract series code is OMOIL M24 and the contract ID is OIL230424001. This information was released by the Dubai Financial Market and can be accessed on their website. It's important to note that this document is not a substitute for the official Dubai Financial Market Regulated Derivative Contract Trading Regulation.

The Insurance House PJSC held a General Assembly Meeting on April 23, 2024, from 10:00 am to 10:30 am at the Finance House Head Office in Abu Dhabi, UAE. The meeting was attended by the board of directors, including Chairman Mr. Mohamed Abdulla Jumaa Alqubaisi, Vice Chairman Mrs. Alia Abdulla Mohamed Almazarouei, and Board Members Mr. Khaled Abdulla Jumaa Alqubaisi, Mr. Abdulmajeed Ismail Ali Al Fahim, Mr. Murtadha Mohamed Sharif Alhashmi, Mr. Raman Tirunelveli Kuppuswamy, and Mr. Jassem Mubarak Masoud Al dhaheri.

The Al Ain Ahlia Insurance Co., incorporated in Abu Dhabi in 1975 under law (18), held its General Assembly Meeting on 23/04/2024. The meeting was chaired by H.E. Mohamed Jouan Rashed Albadi Adhaheri and had a quorum of 65.05% of total attendance. The meeting approved the Board of Director's Report on the company's activity and financial position for the fiscal year ended on 31/12/2023, the Auditor's Report for the same fiscal year, the company's balance sheet and profit and loss account, and a recommendation to distribute 20% of the capital as cash dividends. The meeting also approved a proposal for the remuneration of the board members, discharged the liability of the board members and auditors for the fiscal year ended on 31/12/2023, and appointed Grant Thornton as the external auditor for the fiscal year 2023 with fees of AED 495,000.