Latest Threads on News from companies

GFH Financial Group has announced the purchase of 3,210,813 treasury shares, increasing its total treasury shares from 363,432,233 (9.483% of total issued shares) to 366,643,046 (9.566% of total issued shares) as of January 13, 2026. The decision to purchase was made by the board of directors on March 2, 2025, and received authority approval on October 20, 2025. The average purchase price was 0.577, and the shares purchased represent 0.084% of the issued capital. There are 16,616,337 shares remaining for purchase. The announcement was made by Mariam Jowhary, Head of Compliance & AML.

ONE App, powered by Al Salam Bank, has partnered with Solidarity Bahrain, a major insurance company in Bahrain, to introduce a Buy Now Pay Later (BNPL) service for car insurance. This new feature allows clients to pay for insurance in monthly installments without additional documentation. The service provides instant approval and direct payment to Solidarity, enhancing the insurance experience and offering financial flexibility. The partnership reflects both companies' commitment to providing innovative and accessible financial solutions, aligning with the digital transformation in the insurance sector in Bahrain.

Emirates Central Cooling Systems Corporation PJSC (Empower), the largest district cooling services provider globally, has reiterated its commitment to the UAE's sustainable development agenda by promoting energy-efficient district cooling solutions. This announcement aligns with Abu Dhabi Sustainability Week 2026. Empower emphasized the importance of district cooling systems in supporting the UAE’s sustainability goals, reducing carbon emissions, and enhancing energy efficiency. The UAE's strategies, such as the UAE Energy Strategy 2050 and the Dubai Clean Energy Strategy 2050, aim to increase reliance on clean energy, reinforcing the country's leadership in the district cooling industry. Empower's CEO, Ahmad Bin Shafar, highlighted that sustainability is integral to the company’s operations, with district cooling systems reducing energy consumption by up to 50% compared to conventional air conditioning. Empower is also investing in advanced technologies to support smart cities and green buildings in Dubai. The increasing demand for Empower's services reflects confidence in its environmentally friendly solutions.

Dubai Airports and Salik have signed a 10-year agreement to implement Salik's E-Wallet as a seamless parking payment solution across all paid car parks at Dubai International (DXB), including Terminals 1, 2, 3, and the Cargo Mega Terminal. This partnership aims to enhance traffic flow and passenger experience, supporting Dubai Airports' vision for seamless entry and exit. The agreement represents a significant expansion of Salik's smart mobility ecosystem, extending its services beyond tolling. The E-Wallet solution will cover approximately 7,400 parking spaces and is set to be implemented starting January 22, 2026. The agreement was signed in the presence of key officials, including His Highness Sheikh Ahmed bin Saeed Al Maktoum and H.E. Mattar Al Tayer. Salik will integrate its E-Wallet system with the existing car park management systems used by Dubai Airports' concessionaire.

GFH Financial Group B.S.C. announced that it has purchased 7,059,931 treasury shares, increasing its total treasury shares from 356,372,302 (9.298% of total issued shares) to 363,432,233 (9.483% of total issued shares) as of January 12, 2026. The decision to purchase these shares was made by the company's board of directors on March 2, 2025, and received approval from the relevant authority on October 20, 2025. The average purchase price was 0.575, and the purchased shares represent 0.184% of the issued capital. There are 19,827,150 shares remaining available for purchase. Mariam Jowhary, Head of Compliance & AML, signed the document.

Al Salam Bank has partnered with the newly launched food delivery platform Keeta to offer a special promotion for its Visa Credit and Prepaid cardholders in Bahrain. The promotion provides up to a 99% discount (capped at BD 3) on orders made through the Keeta app for the first 6,000 clients who use their Al Salam Bank card. The offer is available twice per client during the campaign period from January 11 to February 11, 2026. This collaboration aims to enhance customer experiences by integrating modern digital payment solutions and promoting card usage. Keeta, in turn, focuses on providing a reliable and rewarding user experience, offering benefits such as free delivery with subscriptions and an On-Time Delivery Promise.

Drake & Scull International PJSC (DSI) has entered into a Strategic Collaboration Agreement with Prestige One Developments, a Dubai-based luxury real estate developer. This partnership includes a binding agreement on sales, marketing, and branding for DSI's Majan project, aiming for a sales launch in the first quarter of 2026. The collaboration will see Prestige One utilizing DSI's engineering and construction expertise, particularly in MEP works, for upcoming projects. This arrangement provides DSI with increased visibility on future MEP contracts, enhancing its order book and revenue prospects. The partnership combines Prestige One's development skills with DSI's engineering capabilities to ensure quality and timely project execution, while also setting a foundation for future joint projects.

GFH Financial Group B.S.C. announced the purchase of 8,058,426 treasury shares, increasing its total treasury shares from 348,313,876 (9.088% of issued shares) to 356,372,302 (9.298% of issued shares) as of January 11, 2026. The decision was made by the board of directors on March 2, 2025, and approved by the relevant authority on October 20, 2025. The average purchase price was 0.589, and the shares purchased represent 0.210% of the issued capital. There are 26,887,081 shares remaining for purchase. The announcement was signed by Mariam Jowhary, Head of Compliance & AML.

GFH Financial Group has announced the purchase of 391,000 treasury shares, increasing its total treasury shares from 347,922,876 (9.078% of the total issued shares) to 348,313,876 (9.088% of the total issued shares) as of January 9, 2026. The decision to purchase was made in a board meeting on March 2, 2025, and received authority approval on October 20, 2025. The average purchase price was 0.609, and the purchased shares represent 0.010% of the issued capital. There are 34,945,507 shares remaining for purchase. The announcement was signed by Mariam Jowhary, Head of Compliance & AML.