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Threads on regulatory news from companies
The text provides instructions for completing and submitting a proxy form to Abu Dhabi Commercial Bank. Shareholders of Gulf Navigation Holding Company are required to fill out the form, appoint a representative to vote on their behalf at the General Assembly meeting on April 30, 2025, and send the form along with supporting documents to the specified email address. The form includes spaces for the shareholder's information, the representative's details, and the contact information of the financial broker or entity that verified the proxy.
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Salik Company PJSC announced the list of candidates for its board membership for the 2025-2028 term. The nomination period was from March 7 to March 17, 2025, and the applications were reviewed by the Nomination and Remuneration Committee in compliance with relevant laws and the company's Articles of Association. The company received a significant number of applications, demonstrating strong interest from shareholders and the public. The list includes 17 candidates, with a mix of non-executive, independent, and executive nominees, featuring both male and female candidates.
GFH Financial Group announced that it has purchased 1,110,000 of its own shares, increasing its total treasury shares from 172,814,950 to 173,924,950, which now represents 4.54% of the total issued shares as of April 3, 2025. The decision to purchase was made by the board of directors on March 24, 2025, with the purchase approved by the relevant authority on February 16, 2025. The shares were bought at an average price of 0.2995 USD, representing 0.029% of the issued capital. There are 209,334,433 shares remaining for potential purchase. The announcement was signed by Mariam Jowhary, Head of Compliance & AML.
The Dubai Financial Market (DFM) announced an adjustment to its Equity Futures Contracts for "EMAAR DEV" due to a cash dividend payment of AED 0.68 per share, effective April 4, 2025. The adjustment affects futures contracts with the following series codes: EMRDEV J25 for April 2025, EMRDEV K25 for May 2025, and EMRDEV M25 for June 2025. The price adjustment involves an adjustment ratio of 0.943333, altering the prices from 12.020, 12.060, and 12.110 to 11.339, 11.377, and 11.424, respectively. The adjusted prices will serve as the reference for trading on April 4, 2025. Further details are available on the DFM website. The document advises that the information is subject to change and defers to the Dubai Financial Market Regulated Derivative Contract Trading Regulation in case of inconsistencies.
Al Mazaya Holding Co. has issued a supplementary disclosure concerning the confirmation of the shares record (entitlement) date, which is March 20, 2025. This disclosure follows the results of the Ordinary General Assembly Meeting. The main offices are located in Kuwait and Dubai, with contact details provided for both locations. The supplementary disclosure form is attached to the communication.
SHUAA Capital (PJSC) has announced the opening of nominations for its Board of Directors from April 3 to April 13, 2025. Shareholders who meet the eligibility criteria can apply for board membership by submitting a brief resume and specifying the type of membership they are seeking (executive/non-executive or independent/non-independent) to the company's management at their Dubai office. Two board positions are available, and nominations are open for 10 days as per the guidelines set by the Securities and Commodities Authority. Candidates must meet the conditions outlined in Federal Law No. 32 of 2021, the company’s Articles of Association, and other relevant regulations. Required documents must accompany the application, and candidates cannot transfer their nomination rights after the nomination period closes. Candidate information will be posted on the company’s website and office bulletin board on April 21, 2025, and the list will be submitted to the Securities and Commodities Authority and Dubai Financial Market.