Latest Threads

Al Ansari Exchange, the UAE's largest remittance and foreign exchange company, has reported a significant increase in money transfers from the UAE to Egypt following the Central Bank of Egypt's decision to float the Egyptian Pound. The company stated that this decision is beneficial to Egyptians living in the UAE. Ali Al Najjar, Chief Operations Officer at Al Ansari Exchange, said the move has greatly impacted financial transfers from the UAE to Egypt and reaffirmed the company's commitment to continue offering reliable and efficient financial transfer services. Egypt is the fifth most active corridor for financial transfers from the UAE, after India, the Philippines, Pakistan, and Bangladesh.

The GFH Financial Group has announced the acquisition of 14,126,435 of its own shares, also known as treasury shares. This purchase has increased the total holding of treasury shares from 57,969,050 (representing 1.51% of the total issued shares) to 72,095,485 (representing 1.88% of total issued shares) as of 12th March 2024. The decision to buy these shares was made in a company board meeting in September 2021 and the purchase was approved by the Authority in March 2024. The average purchase price for the shares was USD 7020.

On 12th March 2024, the Al Yah Satellite Communications Company PJSC disclosed the results of a written resolution. Seven directors approved two decisions: the approval of the Shareholders’ Circular and the agenda for the Annual General Assembly Meeting, with an invitation for the General Assembly to convene on 25th April 2024 or another agreed date. The second decision approved other general matters related to the company's activities and projects. The authorized signatory for this resolution is Clint Irwin Fransquinho de Barros, the Board Secretary.

The provided text refers to the unaudited condensed interim financial information for Methaq Takaful Insurance P.S.C. for the three-month period ending on 31st March 2023.