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Agthia Group, a leading food and beverage company in the UAE, has successfully completed the integration of BMB Group, a regional healthy snacks and food company, into its Snacking Division. The integration process, during which the founders of BMB Group shared their expertise with Agthia, marks the end of the transition period. Agthia has consolidated the remaining 20% economic interest in BMB Group, which is known for its innovative confectionery, healthy snacks, and food products. The Agthia Snacking Division will continue to manage BMB and develop the company to strengthen its position in the MENA region's snacking sector. BMB Group, headquartered in Dubai, manufactures and distributes a wide variety of products for its own brands and partners.
The GFH Financial Group B.S.C has issued an announcement regarding the results of their Annual General Meeting (AGM). The attached documents include the minutes of the AGM with an attendance quorum of 37.59%, a report on the quorum of the AGM, a voting report on the agenda items of the AGM, and observations received from shareholders or their representatives. This follows a previous disclosure made by the company on March 25, 2024. The announcement is signed by Mariam Jowhary, the Head of Compliance & AML.
The Board of Directors of E7 Group PJSC has invited shareholders to the Annual General Assembly Meeting (AGM) on 24th April 2024. The meeting will be held both in-person and virtually, with registration for virtual attendance required. The agenda includes consideration and approval of financial reports, Board of Directors' report, external auditors' report, and the proposal for no cash dividend distribution for the financial year ended 31 December 2023. Other items include approval of board remuneration, discharge of board members and auditors from liability, and the appointment of external auditors for 2024. A special resolution item is the proposed stock split, converting each issued share of AED2.5 into ten shares of AED0.25 each. The meeting will also consider any necessary actions to implement these resolutions. Shareholders registered by 23 April 2024 are eligible to vote, and corporate shareholders can delegate representatives. The meeting will be recorded, and related documents are available online.
The General Assembly Meeting of ESG Emirates Stallions Group PJSC is scheduled for Monday 6th May 2024 at 3:00 pm. The meeting will be held virtually, with shareholders attending electronically. The approved shareholder's invitation and the agenda for the Annual General Assembly have been enclosed. Additional attachments include the announcement of nominations for Board membership, a disclosure regarding the approval of proxies, and a special power of attorney form for the ESG's General Assembly Meeting.
EasyLease, a subsidiary of the International Holding Company, has acquired a 60% stake in United Trans, a leading rail and transportation technology solutions provider and a subsidiary of Alserkal Group of Companies. This strategic acquisition is part of EasyLease's expansion plan into railways and smart mobility, aiming to reinforce its regional mobility leadership and expand its service portfolio. The move will enable EasyLease to deliver enhanced mobility solutions to customers across the GCC and the broader MENA region. United Trans, established in 2008, has been a key player in the regional transport sector, with a strong presence in the railway and smart mobility sectors.
The CEO of Easy Lease Motorcycle Rental PJSC, Ahmad Mohammad Al Sadah, has announced that the company has acquired a 60% stake in United Trans, a leading provider of rail solutions and transportation technologies. This acquisition is part of Easy Lease's strategic focus on the mobility sector, particularly railway services, to drive innovation and efficiency across all facets of mobility services. The partnership is expected to open new avenues for growth both domestically and internationally, reinforcing Easy Lease's position in the industry.