Latest Threads on News from companies

Agility Public Warehousing Company announced that its subsidiary, Agility Logistics Parks, has entered into a strategic partnership with Riyadh Development Company to construct advanced warehousing facilities in Riyadh. Agility will contribute 60% to the partnership, with the project's total value estimated at SAR 227 million (approximately KD 23 million). The project involves building 58,000 square meters of Grade A warehousing on a 97,904 square meter plot and is expected to begin in the first half of 2025, with construction lasting two years. The capital expenditure will be reflected in Agility's financial statements during the construction period.

Al Salam Bank has launched a December Cards Campaign to encourage card use and promote spending both locally and internationally. Running until December 31, 2024, the campaign offers Visa credit and prepaid cardholders the chance to win cash prizes, including a grand prize of BD 3,000 and two prizes of BD 1,000 each. Participants earn draw entries for every BD 30 spent locally and double entries for international transactions. The campaign aims to enhance the client experience by offering rewards and highlighting the benefits of multi-currency prepaid cards, such as competitive exchange rates and no conversion fees. Mohammed Buhijji, Head of Retail Banking, emphasized the bank's commitment to providing innovative solutions and invited former ASP Finance clients to participate by replacing their cards through various channels. For more information, clients can visit the bank's website or contact them via WhatsApp.

Al Ramz Capital LLC, based in Dubai, has been appointed as a liquidity provider for Sharjah Islamic Bank, an Abu Dhabi-listed financial institution. This appointment, effective December 10, 2024, will involve Al Ramz independently trading Sharjah Islamic Bank shares to optimize trading conditions. As a licensed market maker with over 25 years of experience in UAE capital markets, Al Ramz aims to enhance the order book, reduce trading spreads, and increase trading volume, thereby minimizing the illiquidity discount. CEO Karim Schoeib expressed satisfaction with the appointment, highlighting Al Ramz's commitment to governance and transparency. Al Ramz is recognized for its market-making services across various UAE exchanges, including the Abu Dhabi Securities Exchange, Dubai Financial Market, and Nasdaq Dubai. Founded in 1998, Al Ramz offers a range of financial services and is regulated by UAE financial authorities.

A Board of Directors meeting for Watania International Holding (PJSC) is scheduled for Thursday, 12 December 2024, at 3:30 PM. The meeting will focus on routine business discussions. The notification is authorized by Nawal Ma’ally, the Board Secretary, and is dated 9 December 2024.

A meeting of the Board of Directors for Dubai Refreshment P.J.S.C is scheduled for Wednesday, December 11, 2024, at 10:00 AM. The meeting will focus on discussing internal matters of the company. This information was communicated by Karem Mahmoud, the Director of Legal at Dubai Refreshment P.J.S.C, to Hamed Ahmed Ali, the CEO of the Dubai Financial Market.

BHM Capital has achieved the largest share of new investor accounts on the Dubai Financial Market, adding nearly 37,000 accounts as of November 30, 2024. This accomplishment reflects strong investor interest in new market listings. BHM Capital also ranked second among brokerage firms by trading volume, holding a 12.78% market share with a trading value of AED 23.6 billion. CEO Abdel Hadi Al Sa’di highlighted the company's success in providing advanced trading services and technologies, which has enhanced market appeal and attracted diverse investors. The company aims to build on this success in the coming year.

Mashreq Bank PJSC has scheduled a Board of Directors meeting on Thursday, December 12, 2024, at 11:00 am. The agenda includes approving the minutes of the previous meeting held on October 29, 2024, setting the date and venue for the Annual General Assembly meeting for shareholders, and discussing normal business activities. The notice is addressed to Mr. Hamed Ahmad Ali, CEO of the Dubai Financial Market, and is signed by Shaima Al Obeidli, Group Company Secretary. A copy of the notice is also sent to the Securities & Commodities Authority.