Latest Threads on News from companies

GFH Financial Group B.S.C. announced that it has purchased 954,093 treasury shares, increasing its total treasury shares from 300,784,312 (7.848% of total issued shares) to 301,738,405 (7.873% of total issued shares) as of December 26, 2025. 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 0.621, and the shares purchased represent 0.025% of the issued capital. There are 81,520,978 shares remaining for purchase. The announcement was signed by Mariam Jowhary, Head of Compliance & AML.

The Dubai Financial Market (DFM) Regulated Short Sell (RSS) weekly summary for the period of December 22, 2025, to December 26, 2025, reports that no RSS trades occurred during this time. For more details on RSS, individuals are advised to consult the DFM Market Rules and the Operational Model and Procedures for Implementation of Regulated Short Selling available on the DFM website. The announcement can also be accessed on the DFM website. The information provided is subject to change, and DFM is not liable for any losses resulting from the use of this information.

The Islamic Arab Insurance Company (SALAMA) has increased the permitted ownership limit for non-UAE nationals in its share capital to 49%, as stated in the company's articles of association. However, UAE nationals and Gulf Cooperation Council (GCC) nationals must maintain at least a 51% shareholding in the company. The previous ownership limit for non-UAE nationals and GCC nationals was 25%, and this will remain in effect until December 30, 2025. The new ownership limits will take effect on December 31, 2025.

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of "a-" (Excellent) for Dubai National Insurance & Reinsurance P.S.C. (DNI) in the United Arab Emirates. The outlook for these ratings is stable. These ratings are based on DNI's very strong balance sheet, strong operating performance, limited business profile, and appropriate enterprise risk management. DNI's balance sheet strength is supported by strong risk-adjusted capitalization, good earnings retention, low underwriting leverage, good liquidity levels, and prudent reserving practices. However, the company has a high dependence on reinsurance, with an average retention ratio of approximately 49.9% from 2022 to 2024. This risk is mitigated by using a panel of international reinsurers with excellent financial strength. DNI has shown strong operating performance, with a five-year average combined ratio of 85.3%, although recent underwriting performance has been pressured, with combined ratios rising to 104.2% in 2024 and 99.8% for the third quarter of 2025.