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Takaful Emarat Insurance PJSC has announced the completion of its restructuring process, which included a capital increase and the write-off of accumulated losses from previous years. The company now has a strong and stable financial position, which will be reflected in its 2024 financial reports. According to the published quarterly financial statements, the company continues to operate efficiently in line with its strategic plans. Takaful Emarat reaffirms its commitment to disclosing any material information that may affect stock movement, in accordance with UAE regulations. For further inquiries, investors can contact the investor relations department via email at investor.relations@takafulemarat.com.
Nasdaq Dubai has listed a USD 500 million Sustainability-Linked Loan Financing Bond by Emirates NBD, marking the world's first issuance under the new ICMA/LMA framework. This five-year bond, rated A2/A+ by Moody’s and Fitch, carries a fixed coupon rate of 5.141% and matures in 2029. It is part of Emirates NBD's USD 20 billion EMTN Programme and is dual-listed on Nasdaq Dubai and Euronext Dublin. The issuance highlights Dubai's growing status as a global hub for ESG-linked financial instruments, contributing to Nasdaq Dubai's total outstanding fixed-income listings of USD 139 billion, with USD 30.4 billion dedicated to ESG-focused issuances. Emirates NBD's total bond listings on Nasdaq Dubai now amount to USD 5.77 billion. The listing was celebrated with a market opening bell ceremony attended by Hesham Abdulla Al Qassim of Emirates NBD and Hamed Ali of Nasdaq Dubai and Dubai Financial Market.
On December 18, 2024, the Board of Directors of Dubai Taxi Company P.J.S.C. held a meeting at the company’s headquarters at 3:00 pm, with a quorum present. During the meeting, they approved the company's budget for the fiscal year 2025, the strategy for 2025-2029, the ESG (Environmental, Social, and Governance) strategy, and other operational and internal matters. The communication was signed by Vicken Khochafian, the Board Secretary and Governance Director, and a copy was sent to the Securities and Commodities Authority.
Dubai Insurance Co. has scheduled a Board of Directors meeting on Monday, December 23, 2024, at 11:00 AM at the company's head office to review the company's ordinary business. The notification is addressed to Mr. Hamed Ahmed Ali, CEO of Dubai Financial Market, and is signed by Sahem Abdelhaq, Head of Legal.