Latest Threads on News from companies
Threads on regulatory news from companies
Globalpharma, a leading pharmaceutical manufacturer in the UAE and a subsidiary of Dubai Investments PJSC, has partnered with India's ZIM Laboratories to introduce EU-certified Oral Dispersible Film (ODF) technology to its product range. This technology, which meets high international quality and safety standards, was announced at the AIM Congress 2025 in Dubai. The collaboration aims to enhance the UAE's role in global pharmaceutical innovation and improve healthcare solutions. The agreement was signed by key representatives from both companies and witnessed by notable officials. Globalpharma's leaders highlighted the UAE's growing influence in pharmaceutical manufacturing and discussed industry trends at the congress. The partnership with ZIM Labs is seen as a significant step in advancing patient-centric treatment options and strengthening the region's pharmaceutical capabilities. ODFs are thin, fast-dissolving strips that improve medication compliance, especially for children, the elderly, and those with swallowing difficulties. Globalpharma plans to produce these innovative treatments locally, setting a new standard for pharmaceutical manufacturing in the region.
The Board of Directors of Orient Insurance (PJSC) invites shareholders to attend the company's Annual General Assembly Meeting on April 8, 2025, at 11:00 AM. The meeting will be held both physically at the Orient building in Dubai and virtually via the Teams platform. The agenda includes reviewing and approving reports from the Board of Directors and auditors for the fiscal year ending December 31, 2024, discussing and approving the company's financial statements, and considering proposals for an 80% cash dividend distribution. Additional items include discharging board members and auditors from liability, approving internal company policies, deciding on board and executive management remuneration, approving related party transactions, and appointing auditors for 2025.
A new series of equity futures contracts for July 2025 will be available for trading starting from April 10, 2025. These contracts include various futures such as AIRARB, ANSRI, ARMX, DEWA, DEYAAR, DFM, DFMGI, DIB, DIC, DU, EMAAR, EMPWR, EMRDEV, ENBD, GFH, SALIK, and SHUAA. All contracts will be listed on April 10, 2025, and will be de-listed on July 17, 2025. This announcement is from the Dubai Financial Market and more details can be found on their website. The information provided is subject to change and is not a replacement for the official trading regulations.
On April 8, 2025, Dr. Ahmed Alkhalfawi, the Head of Legal at Emirates Islamic Bank (EIB), sent a notification to Mr. Hamed Ahmed Ali, the CEO of the Dubai Financial Market. The notification informed that EIB received a notice from Emirates NBD Bank addressed to EIB shareholders about the mandatory acquisition of EIB shares.
GFH Financial Group B.S.C. has announced the purchase of 1,775,000 treasury shares, increasing its total holding of treasury shares from 177,552,200 (4.63% of total issued shares) to 179,327,200 (4.68% of total issued shares) as of April 7, 2025. The decision to purchase was made by the board of directors on March 24, 2025, and approved by the relevant authority on February 16, 2025. The average purchase price was 0.2773 USD per share, representing 0.046% of the issued capital. There are 203,932,183 shares remaining available for purchase. The announcement was made by Mariam Jowhary, Head of Compliance & AML.
On April 7, 2025, the Annual General Meeting of Dubai Financial Market PJSC took place. 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 fiscal year; the Fatwa and Sharia Supervisory Board's Report; the company's Balance Sheet and Profit and Loss Account; the appointment of Dr. Moosa Khoory, Dr. Abdullah Al-Tunaiji, and Dr. Maabed Al-Jarhi to the Fatwa and Sharia Supervisory Board for 2025; and the distribution of cash dividends amounting to 3.2% of the share capital, equivalent to 3.2 fils per share, for the fiscal year ending December 31, 2024.
United Foods Company (PJSC) invites its shareholders to attend a general assembly meeting on Monday, April 28, 2025, at 2:00 PM, either in person at their main office in Al Quoz, Dubai, or via a real-time visual communication app. The agenda includes reviewing and approving the directors' and auditors' reports, discussing the company's financial position and profit and loss statement for 2024, considering cash dividends totaling AED 30,250,000, discharging or dismissing directors and auditors, approving board members' remunerations, and appointing external auditors for 2025. Special resolutions involve transactions with clients Modern Bakery and UNIKAI. Shareholders can delegate representation, and specific dates are set for share ownership rights. If quorum is not met, a second meeting is scheduled for May 5, 2025. Shareholders are advised to update their contact details with the Dubai Financial Market for dividend distribution.
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Al Salam Bank has signed a Memorandum of Understanding with Eagle Hills Diyar to offer real estate financing solutions for clients interested in purchasing residential units in Marassi Bay, Marassi Terraces, and Palace Residences in Bahrain. The collaboration aims to enhance homeownership opportunities by providing competitive profit rates, a grace period of up to six months, and loyalty reward points. Clients will also receive a complimentary consultancy session for interior design. Mr. Anwar Murad of Al Salam Bank expressed the partnership's goal to provide innovative financing solutions, while Dr. Maher Al Shaer of Eagle Hills Diyar highlighted the strategic step in offering attractive financing options. This agreement aligns with Al Salam Bank's strategy to enhance its real estate financing offerings and support the housing sector.