Latest Threads on News from companies

GFH Financial Group has announced the purchase of 4,689,300 treasury shares, increasing its total treasury shares from 181,767,200 (4.74% of total issued shares) to 186,456,500 (4.87% of total issued shares) as of April 9, 2025. The decision to purchase was made during a board meeting on March 24, 2024, and approved by the relevant authority on February 16, 2025. The average purchase price was 0.2842 USD per share, representing 0.122% of the issued capital. There are 196,802,883 shares remaining for purchase. The announcement was signed by Mariam Jowhary, Head of Compliance & AML.

Dubai Insurance Company held a Board of Directors meeting on April 9, 2025, at 12:00 PM at the company's headquarters. The agenda included reviewing the company's general business matters and reforming the board committees. The communication was signed by Sahem Abdel Haq, the Head of Legal.

Dubai Insurance Company held its Annual General Meeting (AGM) on April 9, 2025. During the meeting, the following resolutions were approved: the Board of Directors’ report on the company's activities and financial position for the fiscal year ending December 31, 2024; the Auditor’s report for the same period; and the company’s balance sheet and profit and loss account. Additionally, the AGM approved a proposal to distribute cash dividends of 80% of capital, equal to 80 fils per share, amounting to AED 80 million. The distribution of AED 5,200,000 as remuneration for the Board of Directors was also approved, and the board members were discharged for the fiscal year ending December 31, 2024.