Latest Threads on News from companies

The Board of Directors of Sukoon Insurance PJSC held a meeting on January 17, 2025, at their head office in Dubai and via video conferencing. The board reviewed the draft of the external audit report and the annual financial statements for the fiscal year ending December 31, 2024. They approved the budget and reinsurance plan for 2025 and set the date for the Annual General Assembly Meeting on February 28, pending approval from the Central Bank of the UAE and the Securities and Commodities Authority. The meeting was attended by Louise O’Donnell, the Board Secretary, and a copy of the meeting details was sent to Mrs. Maryam Butti Al Suwaidi, Deputy CEO of the Securities and Commodities Authority.

The weekly summary for DFM Regulated Short Sell Transactions from January 13, 2025, to January 17, 2025, reports no RSS trades during this period. For more details on Regulated Short Selling, refer to the DFM Market Rules and the Operational Model and Procedures for Implementation of Regulated Short Selling available on the DFM website. This announcement can also be accessed on the DFM's news and disclosures page. The information provided is subject to change, and DFM is not liable for any losses resulting from the use of this information.

Salik Company has announced that it will begin implementing variable pricing for its toll gates starting January 31, 2025. This pricing structure will apply to all Salik gates without exception. The variable pricing schedule is divided into peak, off-peak, and past midnight hours, with different rates applied on weekdays and Sundays. During the holy month of Ramadan, the timing of peak and off-peak hours will be adjusted. It is noted that there will be no change in the charging method for passing through specific toll gates within one hour, as the charge will be applied only once. For further details, individuals are encouraged to visit the Salik website.

The text is a notification letter dated 17 January 2025, addressed to Mr. Hamed Ahmed Ali, the CEO of the Dubai Financial Market, from Lama Takieddin, the Head of Corporate Governance and Company Secretary of Amlak Finance PJSC. The letter informs Mr. Ali that the Board of Directors of Amlak Finance PJSC will consider a resolution by circulation on Wednesday, 22 January 2025, at 3 PM regarding regular and internal matters. The Securities & Commodities Authority is also copied on the letter.

On 16 January 2025, Gulf Navigation Holding PJSC held its General Assembly Meeting both in person and electronically at Novotel Hotel in Dubai. During the meeting, it was decided to postpone the discussion of agenda items related to the acquisition of companies and assets owned by Brooge Energy Limited. This decision was made to allow for further discussions with the Securities and Commodities Authority and the independent valuer regarding the valuation report. The aim is to determine the best way to structure the transaction to benefit the company and its shareholders, and to present the results of these discussions.

On January 16, 2025, the Board of Directors of Drake & Scull International PJSC held their first meeting of the year at the company's offices. During this meeting, the board approved the minutes from their previous meeting and discussed the company's routine and operational matters. The meeting was led by Hamed Ahmed Ali, CEO of the Dubai Financial Market.