Dubai Financial Market Announces General Assembly Meeting
Dubai Financial Market PJSC schedules its General Assembly Meeting for April 2025, inviting shareholders to participate and vote on key agenda items.
Summary
Dubai Financial Market PJSC has announced its General Assembly Meeting set for April 2025. Shareholders are encouraged to participate and vote on important matters.
The Dubai Financial Market (DFM) PJSC, a pivotal entity in the UAE's financial sector, has announced its upcoming General Assembly Meeting scheduled for April 7, 2025. This meeting will take place both in person at the Trading Hall, Dubai Financial Market, Dubai World Trade Center, and online, ensuring accessibility for all shareholders.
DFM, a Public Joint Stock Company, is integral to the financial landscape of the United Arab Emirates. Established in 2007, it operates under the governance of the Government of Dubai, which maintains an 80% ownership through Borse Dubai Limited. The company is known for its adherence to Islamic Shari’a principles across its operations, including trading in financial instruments and providing financial investment consultancy.
The announcement of the General Assembly Meeting is a significant event for shareholders, as it provides an opportunity to engage with the company's strategic direction and financial performance. Shareholders are invited to vote on various agenda items, which are yet to be disclosed but are expected to cover essential aspects of the company's future plans and governance.
The proxy system introduced allows shareholders who are unable to attend in person to authorize a representative to vote on their behalf. This flexibility ensures that all voices can be heard, even if the meeting is postponed to a later date.
In terms of market performance, DFM has been a stable entity within the regional financial markets, reflecting the robust economic environment of Dubai and the UAE at large. The company's commitment to Islamic finance principles not only aligns with regional values but also attracts a specific investor demographic interested in Shari’a-compliant investments.
For investors considering their position in DFM, the upcoming General Assembly Meeting is an opportunity to assess the company's strategic initiatives and financial health. Given the current neutral outlook, it may be wise to hold onto investments until more information is available from the meeting. This approach allows investors to make informed decisions based on the company's plans and potential market conditions.
In conclusion, the Dubai Financial Market's General Assembly Meeting is a crucial event for stakeholders. It offers insights into the company's future directions and provides a platform for shareholder engagement. Investors should remain attentive to the outcomes of this meeting to better understand their investment's trajectory.
Source
Summary
The document is a proxy authorization for attending the General Assembly Meeting of Dubai Financial Market (PJSC). It includes fields for the investor number and number of shares, and allows the shareholder(s) to authorize a representative to attend the meeting on their behalf. The meeting is scheduled for 3:00 pm on Monday, April 7, 2025, at the Dubai Financial Market's Trading Hall and online. The proxy holder is granted the right to vote on all matters at the meeting, whether it occurs as scheduled or is postponed. The document requires the signature and contact details of the authority approving the proxy.
Summary
The Dubai Financial Market Company is inviting its shareholders to attend its Annual General Assembly Meeting (AGM) on April 7, 2025, at 3:00 pm. The meeting will be held both virtually and physically at the Dubai Financial Market, Dubai World Trade Center. The agenda includes reviewing and approving reports on the company's activities, financial position, and auditor's findings for the fiscal year ending December 31, 2024. Shareholders will discuss the balance sheet, profit and loss account, and the distribution of a 3.2% cash dividend. The meeting will also cover the appointment of the Fatwa and Sharia Supervisory Board and external auditors for 2025. Shareholders will consider discharging the Board of Directors and auditors from liabilities and approve related parties' transactions. The meeting requires a quorum of at least 50% of the company's share capital. If the quorum is not met, a second meeting will be held on April 14, 2025. Shareholders registered by specific dates will be eligible to vote and receive dividends. Electronic registration and voting details are provided, and shareholders are encouraged to update their contact information and dividend payment methods.
Summary
The text provides a clarifying disclosure regarding the approval of proxies for attending General Meetings. According to the Securities and Commodities Authority’s resolution, shareholders entitled to attend the AGM can appoint a proxy, excluding company board members, employees, or securities brokers, through a special written proxy. This proxy must explicitly state the attorney's right to attend and vote at the AGM, and no proxy can represent more than 5% of the company's capital. Minors or legally incapacitated shareholders are represented by their legal representatives. The shareholder's signature on the proxy must be verified by a Notary Public, a chamber of commerce, an economic department in the UAE, a licensed company for attestation, or a bank where the attorney has an account. Corporate entities can delegate a representative through a board decision to attend the AGM. The proxy form should include the shareholder's and brokerage firm's contact details and must be signed by an approved authority. For more information or clarification, contact details are provided.
