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GFH Financial Group B.S.C. announced that it has purchased 900,000 of its own shares, increasing its total treasury shares from 193,426,941 (5.05% of total issued shares) to 194,326,941 (5.07% of total issued shares) as of April 16, 2025. The board of directors made the decision to purchase on March 24, 2024, and the purchase was approved by the relevant authority on February 16, 2025. The average purchase price was 0.2971 USD per share, with the purchased shares representing 0.023% of the issued capital. There are 188,932,442 shares remaining available for purchase. The announcement was made by Mariam Jowhary, Head of Compliance & AML.
Deyaar Development PJSC held its Annual General Assembly in Dubai, where shareholders approved all agenda items, including the election of a new Board of Directors for the 2025-2028 term and a 5% dividend distribution to shareholders. The new board members are Abdulla Ali Al Hamli, Hamad Mubarak Buamim, Adnan Chilwan, Mohammed Saeed Al Sharif, Maryam Mohammed Bin Faris, Mohammed Rashed Bin Dhabeah Al Ketbi, and Rashid Hasan Al Daboos. This decision reflects confidence in Deyaar's strategic direction and financial performance. Deyaar, a leading real estate developer in the UAE, continues to impact the real estate sector significantly, emphasizing excellence and innovation. Established in 2002, the company has grown substantially, with a share capital of AED 4.38 billion, and is committed to providing comprehensive real estate solutions across the UAE.
On April 16, 2025, a letter was sent to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, from Emirates NBD Bank (P.J.S.C), informing him of an upcoming Board of Directors meeting. The meeting is scheduled for April 21, 2025, at 3:30 pm. The agenda includes approving the minutes from the previous meeting, approving the financial results for the quarter ending March 31, 2025, and discussing normal business activities. The letter is signed by Dr. Ahmed Saeed Alkhalfawi, Group Company Secretary, with a copy sent to the Securities & Commodities Authority.
On 16 April 2025, Emirates Islamic Bank (P.J.S.C) announced that its Board of Directors will meet on Monday, 21 April 2025, at 3:00 pm. The agenda includes approving the minutes of the previous board meeting, approving the financial results for the three-month period ending 31 March 2025, and discussing normal business activities. The communication was addressed to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, and copied to the Securities & Commodities Authority. The letter was signed by Dr. Ahmed Saeed Alkhalfawi, Group Company Secretary of Emirates NBD Bank (P.J.S.C).