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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 Salik Company PJSC
Disclosure: BOD meeting

1. Disclosure: BOD meeting

Dubai Financial Market News profile image
Dubai Financial Market News
3 years ago
News Update From Dubai Taxi Company PJSC
Disclosure: BOD meeting

The Board of Directors of Dubai Taxi Company P.J.S.C. will hold a meeting on February 29, 2024, at 3:30 pm at the company's headquarters. The meeting's agenda will include discussions and approvals of the Board of Directors report and audited financial statements for FY 2023, details of the company’s annual general assembly for FY 2023, the Corporate Governance Report for FY 2023, and other internal and routine administrative matters. The notification was signed by the Board Secretary, Vicken Khochafian.

1. Disclosure: BOD meeting

Dubai Financial Market News profile image
Dubai Financial Market News
3 years ago
News Update From Dubai Electricity & Water Authority PJSC
Disclosure: BOD Meeting

On 26th February 2024, a meeting notification was sent by Aakash Nijhawan, the Group Head of Investor Relations at Dubai Electricity and Water Authority PJSC (DEWA), to Mr. Hamed Ahmed Ali, the CEO of Dubai Financial Market. The Board of Directors of DEWA is scheduled to meet at 9:00am on 7th March 2024. The agenda includes reviewing DEWA's 2023 audited financial statements and annual integrated report, considering the appointment of KPMG as the external auditor for DEWA for the fiscal year ending on 31st December 2024, and determining their fees. Other business matters will also be discussed.

1. Disclosure: BOD Meeting

Dubai Financial Market News profile image
Dubai Financial Market News
3 years ago
News Update From Dubai Insurance Co , PSC
Disclosure: Invitation of General Assembly

The Board of Directors of Dubai Insurance Company (PSC) has invited shareholders to attend the Annual General Assembly meeting on 20/03/2024 at 13:00 PM. The meeting can be attended in-person at the company's headquarters or remotely via video technology. The agenda includes reviewing and approving the company's financial reports and the auditor's report for the fiscal year ending 31/12/2023, approving the balance sheet and profit and loss account, considering proposals for cash dividend distribution and remuneration for board members, discharging or removing board members and auditors for the fiscal year ending 31/12/2023, appointing auditors for 2024, and electing board members. Special attention will be given to proposed amendments to the company's Articles of Association to comply with current laws and regulations.

1. Disclosure: Invitation of General Assembly 2. Disclosure: Invitation of General Assembly

Dubai Financial Market News profile image
Dubai Financial Market News
3 years ago
News Update From Al Ansari Financial Services PJSC
Disclosure: Invitation of General Assembly

The Board of Directors of Al Ansari Financial Services has announced its annual general meeting to be held on March 19, 2024, at the Sheraton Mall of the Emirates Hotel in Dubai. The meeting's agenda includes reviewing and approving the Board of Directors' report, the auditor's report, and the company's financial statements for the fiscal year ending December 31, 2023. They will also consider a recommendation to distribute a cash dividend of AED 300,000,000, representing 400% of the company's paid-up share capital. Other items on the agenda include approving the Board of Directors' remuneration and discussing whether to discharge the board members and the company's external auditors, Deloitte & Touche, from any liability for the fiscal year ended December 31, 2023.

1. Disclosure: Invitation of General Assembly 2. Disclosure: Invitation of General Assembly 3. Disclosure: Invitation of General Assembly

Dubai Financial Market News profile image
Dubai Financial Market News
3 years ago
News Update From Dubai Insurance Co , PSC
Disclosure: Nominees for Board of Directors membership

Dubai Insurance Co. has announced the end of the nomination period for membership applications to the Board of Directors for the 2024-2027 term. The nominees, subject to approval from the Central Bank of the UAE, include Mr. Buti Obaid Almulla, Mr. Marwan Abdulla Al Rostamani, Mr. Khalid Abdulwahid Al Rustamani, Mr. Abubakr Abdulla Al Futtaim, and Mr. Abdulla Mohammed Alhuraiz. All nominees are non-executive, non-independent.

1. Disclosure: Nominees for Board of Directors membership

Dubai Financial Market News profile image
Dubai Financial Market News
3 years ago
News Update From Emirates Central Cooling Systems Corporation PJSC
Disclosure: Press release

The International District Energy Association (IDEA) has honored Emirates Central Cooling Systems Corporation (Empower), the world's largest district cooling services provider, for its contributions to the advancement of district cooling technologies in the Middle East and globally. The recognition was awarded during the 'IDEA Campus Energy 2024' conference in San Francisco. The event celebrated the 20-year partnership between IDEA and Empower, acknowledging their efforts in promoting innovation, sustainability, and efficiency in the district cooling industry. Empower's CEO, Ahmad Bin Shafar, was also recognized for his efforts to strengthen the company's position in the global district cooling industry.

1. Disclosure: Press release

Dubai Financial Market News profile image
Dubai Financial Market News
3 years ago
News Update From Union Properties PJSC
Disclosure: Press Release

Union Properties PJSC has successfully sold over AED 500 million worth of land, marking a significant milestone for the company. The company has received additional offers on assets worth more than AED 1.2 billion. This achievement is part of Union Properties' strategy to maximize shareholder value and capitalize on opportunities in the real estate market. The company plans further strategic divestments and will retain approximately 10 million sqft of GFA from its current portfolio for self-development, in line with its five-year strategy set in 2023.

1. Disclosure: Press Release

Dubai Financial Market News profile image
Dubai Financial Market News
3 years ago
News Update From Dubai Financial Market PJSC
DFM News: Reminder: Trading commence on Rights Issue of AMCREIT as of today 26/02/2024 until 15/03/2024
Dubai Financial Market News profile image
Dubai Financial Market News
3 years ago
News Update From GFH Financial Group B.S.C.
Disclosure: Annual General Meeting for the financial year ended 31st December 2023

GFH Financial Group B.S.C. has invited shareholders to its Annual General Meeting on 17th March, 2024. The agenda includes approving the minutes of the previous meeting, discussing and approving the Board of Directors' report, the Sharia Supervisory Board's report, and the external auditor’s report for 2023. They will also discuss and approve the consolidated financial statements for 2023, and the allocation of the net profit of 2023. The Board recommends transferring $10,522,700 to the statutory reserve, allocating $2,000,000 to charity activities, distributing cash dividends, and retaining the remaining amount for the following year. The agenda also includes approving $1.9 million as remuneration for the Board members, discussing and approving the corporate governance report, disclosing and approving transactions with related parties, releasing the Board members from liability, appointing/reappointing external auditors, approving a share buyback, electing the Board of Directors for the next three years, and discussing any recent issues. If the required legal quorum is not met, additional meetings will be held on 24th and 31st March, 2024.

1. Disclosure: Annual General Meeting for the financial year ended 31st December 2023 2. Disclosure: Annual General Meeting for the financial year ended 31st December 2023

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