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InvestorAct is a financial news platform that provides the latest news, analysis, and press releases for companies in the UAE

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Dubai Financial Market News profile image
Dubai Financial Market News
3 years ago
News Update From Dubai Financial Market PJSC
DFM News: Suspend trading on ASNIC shares starting from 12:00 PM as its BOD meeting is being held today, 25-03-2024 and until results are disclosed
Dubai Financial Market News profile image
Dubai Financial Market News
3 years ago
News Update From Dubai Financial Market PJSC
DFM News: Suspend trading on ITHMR shares starting from 2:30 PM (UAE Time) as its General Assembly meeting are being held today, 25-03-2024 and until resolutions are disclosed
Dubai Financial Market News profile image
Dubai Financial Market News
3 years ago
News Update From Dubai Financial Market PJSC
DFM News: Reminder: General Assembly of ITHMR is being held on 25/03/2024

Ithmaar Holding B.S.C. has invited its shareholders to attend the Annual Ordinary General Meeting on 25 March 2024. The meeting will take place at The Ritz-Carlton Hotel in the Seef District, Kingdom of Bahrain. The agenda includes approving the minutes of the previous meeting, discussing and approving the Directors' Report and the Company's Consolidated Financial Statements for the year ended 31 December 2023, and adopting the Board of Directors' recommendation to transfer the losses for the same year to the accumulated losses. If the quorum is not achieved, additional meetings are scheduled for 1 April and 8 April 2024.

1. DFM News: Reminder: General Assembly of ITHMR is being held on 25/03/2024

Dubai Financial Market News profile image
Dubai Financial Market News
3 years ago
News Update From GFH Financial Group B.S.C.
Disclosure: Press release

The GFH Financial Group held its Annual General Meeting (AGM) on 25th March 2024, where shareholders approved a 6.2% cash dividend on the nominal value of all ordinary shares, excluding treasury shares. An allocation of $3 million from retained earnings was approved for obligatory Zakat, with shareholders responsible for the remaining amount due. Other approvals included the minutes of the previous meeting, the Board of Directors' 2023 business report, the 2023 consolidated financial statements, the Sharia Supervisory Board's report, and the external auditor's report. The AGM also confirmed the appointment and reappointment of the group's external auditors for 2024 and authorized the group to repurchase up to a certain amount of shares.

1. Disclosure: Press release

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
3 years ago
News Update From GFH Financial Group B.S.C
Disclosures: GFH Financial Group B.S.C AGM Results held on 24/03/2024 at 22:30

The GFH Financial Group B.S.C. held their Annual General Meeting on the 24th of March, 2024. The meeting, chaired by Mr. Ghazi Al Hajeri, took place at the GFH House, Bahrain Financial Harbour, and had a total attendance quorum of 37.59%. The meeting approved several items on the agenda, including the minutes of the previous meeting, the Board of Directors' report on the Group's business activities for the year ended 31 December 2023, and the consolidated financial statements for the same year. The Board also recommended allocating the net profit of the year 2023 in various ways, including carrying forward an amount of US$ 10,522,700 to the statutory reserve, allocating US$ 3,000,000 from net value of the Zakat owed from retained earnings, distributing cash dividends of 6.2% of the nominal value of all the ordinary shares, and transferring an amount of US$ 26,340,300 to retained earnings.

1. Disclosures: GFH Financial Group B.S.C AGM Results held on 24/03/2024 at 22:30

Dubai Financial Market News profile image
Dubai Financial Market News
3 years ago
News Update From GFH Financial Group B.S.C.
Disclosure: Resolutions of General Assembly

The GFH Financial Group B.S.C. held its Annual General Meeting on 24th March 2024, with a quorum of 37.59%. The meeting was chaired by Mr. Ghazi Al Hajeri. The agenda items approved during the meeting included the minutes of the previous meeting, the Board of Directors' report, the Sharia Supervisory Board's report, the external auditor's report, and the consolidated financial statements for the year ended 31 December 2023. The Board recommended allocating the net profit of 2023 as follows: carrying forward $10,522,700 to the statutory reserve, allocating $3,000,000 from net value of the Zakat owed from retained earnings, distributing cash dividends of 6.2% of the nominal value of all the ordinary shares (excluding treasury shares), and transferring $26,340,300 to retained earnings.

1. Disclosure: Resolutions of General Assembly

Dubai Financial Market News profile image
Dubai Financial Market News
3 years ago
News Update From GFH Financial Group B.S.C.
Disclosure: Post share buyback announcement

On 24th March 2024, GFH Financial Group B.S.C. announced that it has purchased 235,000 of its own shares, known as treasury shares. This acquisition increases the total holding of treasury shares from 223,584,061 (representing 5.83% of the total issued shares) to 223,819,061 (representing 5.84% of the total issued shares). The decision to purchase the treasury shares was made during a board of directors meeting in September 2021 and received approval from the authority in March 2024. The average purchase price was 4300 USD per share. The purchased shares represent 0.06% of the issued capital.

1. Disclosure: Post share buyback announcement

Dubai Financial Market News profile image
Dubai Financial Market News
3 years ago
News Update From National Industries Group Holding (S.A.K.)
Disclosure: Consolidated Financial Statments 31 December 2023

1. Disclosure: Consolidated Financial Statments 31 December 2023 2. Disclosure: Consolidated Financial Statments 31 December 2023

Dubai Financial Market News profile image
Dubai Financial Market News
3 years ago
News Update From National Industries Group Holding (S.A.K.)
Disclosure: Earnings call Meeting

1. Disclosure: Earnings call Meeting

Dubai Financial Market News profile image
Dubai Financial Market News
3 years ago
News Update From National Industries Group Holding (S.A.K.)
Disclosure: Outcomes of BOD Meeting

1. Disclosure: Outcomes of BOD Meeting

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