Latest Threads on News from companies

GFH Bank B.S.C. announced an update on discussions regarding a voluntary offer for some of the issued shares of Seef Properties B.S.C. The transaction will be managed by Seef Equity Growth Investment, a company owned by Seef Equity Growth Fund and managed by GFH Partners Fund Management, a subsidiary of GFH. The necessary documents have been submitted to regulators for approval. GFH will continue to provide updates to ensure compliance with laws and regulations. The expected financial impact of the transaction will be determined later. Previous related announcements were made on May 12, June 9, July 7, and August 9, 2026.

Dubai Taxi Company PJSC has announced the opening of nominations for its Board of Directors. The nomination period will run from September 14 to September 24, 2026, closing at 11:59 p.m. UAE Time. Interested and eligible candidates can apply through the company's Board Elections Portal either by completing an online application or downloading the necessary forms and submitting them via email. Each application must include a nominee profile, qualifications, professional experience, and the capacity in which they are nominated, along with all required legal documents. Seven board seats are available, and nominees must meet specific legal and company requirements. The final list of eligible nominees will be published after the nomination period ends, and late or incomplete applications will not be considered.

Dubai Taxi Company P.J.S.C. has announced that the Capital Market Authority has approved the publication of the invitation for the company's General Assembly Meeting and the opening of nominations for the Board of Directors. The meeting is scheduled for October 20, 2026, at 3:00 p.m. via electronic participation. The nomination period for the Board of Directors will be open from September 14, 2026, to September 24, 2026. The invitation, including the agenda and related notes, will be published according to regulatory requirements.

Nasdaq Dubai has listed a USD 1.75 billion, 3-year bond issued by the New Development Bank (NDB), raising NDB's total listed value on the exchange to USD 3.75 billion. This bond, part of NDB's USD 50 billion Euro Medium Term Note Programme, attracted a final order book of over USD 3.2 billion, with demand primarily from investors in Asia Pacific, EMEA, and the Americas. The bond has a 4.375% coupon and matures in 2029. The issuance supports NDB's strategy to fund infrastructure and sustainable development projects in BRICS and other emerging economies. The listing highlights NDB's confidence in Dubai's capital markets and its strategy to diversify funding sources.