Latest Threads on News from companies

The Islamic Arab Insurance Company – SALAMA held a board meeting on Thursday, December 19, 2024, at 3:00 PM. Six members attended, achieving an 86% quorum. The board approved the minutes from the meeting held on November 14, 2024, and discussed and approved other administrative matters. The meeting results were authorized by Khaled Barakat, the General Counsel, with the company's stamp and signature dated December 19, 2024.

On 19 December 2024, a letter was addressed to H.E. Hamed Ahmed Ali, CEO of the Dubai Financial Market, and H.E. Dr. Maryam Buti Al Suwaidi, CEO of the Securities and Commodities Authority in Abu Dhabi, United Arab Emirates. The letter announced the resignation of Mr. Adel Al Hosani from his position as a Board Member of Gulf Navigation Holding PJSC, effective 18 December 2024. The Board plans to hold a meeting within 30 days to appoint a new Board member to fill the vacant position. The letter was signed by Nader Muqbel, the Investor Relations Director of Gulf Navigation Holding PJSC.

The Dubai Financial Market has released the expiry settlement prices for its equity futures contracts expiring in December 2024. These prices are provided for various contract series codes, each with their respective settlement price in AED and contract ID. The announcement is available on the DFM website. A disclaimer notes that the information is subject to change and that the Dubai Financial Market Regulated Derivative Contract Trading Regulation takes precedence in case of inconsistencies.

Takaful Emarat Insurance PJSC has announced the completion of its restructuring process, which included a capital increase and the write-off of accumulated losses from previous years. The company now has a strong and stable financial position, which will be reflected in its 2024 financial reports. According to the published quarterly financial statements, the company continues to operate efficiently in line with its strategic plans. Takaful Emarat reaffirms its commitment to disclosing any material information that may affect stock movement, in accordance with UAE regulations. For further inquiries, investors can contact the investor relations department via email at investor.relations@takafulemarat.com.