Latest Threads on News from companies

The Board of Directors of Amlak Finance PJSC invites shareholders to the Annual General Meeting on Monday, April 21, 2025, at 3:00 pm. The meeting will be held remotely or in person at Kempinski the Boulevard, Downtown Dubai. The agenda includes reviewing and ratifying reports from the Board of Directors, External Auditors, and Internal Sharia Supervisory Committee for the fiscal year ending December 31, 2024. Shareholders will also discuss and approve the company's balance sheet, profit and loss account, and the remuneration of Directors. The Board recommends not distributing dividends based on specified justifications. The meeting will also address absolving the Board and External Auditors from liability for 2024. Special resolutions include considering voluntary contributions for 2025 not exceeding 0.2% of the 2024 net profit and approving the sale of the company’s investments outside the UAE in compliance with UAE Central Bank regulations.

Unikai Foods PJSC is inviting its shareholders to attend the Annual General Assembly Meeting, which will be held both virtually and physically at the company's premises in Al Quoz 1, Dubai, on Wednesday, April 23, 2025, at 12 p.m. The agenda includes reviewing and approving the Board of Directors' report on the company's activities and financial position for the year ending December 31, 2024, as well as the auditor's report. The meeting will also discuss and approve the financial statements and profit and loss statement for the same period. Shareholders will consider a proposal for distributing cash dividends totaling AED 7,768,200, which represents 20% of the paid-up capital or 20 fils per share. Additionally, the remuneration of the Board of Directors, totaling AED 2,450,000, will be reviewed. The meeting will also address discharging the Board of Directors and auditors of liabilities for the financial year ended December 31, 2024, or potentially dismissing them and filing liability claims. The appointment of auditors for 2025 and their fees will be approved. Special resolutions include providing updates on the sale process of shareholder stakes, amending the Articles of Association concerning the company's objectives and shareholding, and reviewing transactions with related parties for 2024 and estimating them for 2025.

Orient Takaful PJSC has released its Integrated Report for 2024, which includes the Board of Directors’ Report, Auditor’s Report, Financial Statement of 2024, Corporate Governance Report, ESG Report, and Shariah Supervisory Committee Report.

Sukoon Insurance PJSC has announced that its Board of Directors passed a resolution by circulation on March 28, 2025. The resolution approved an increase in the authorized share capital of "Sukoon Workplace Savings Solutions Limited" by USD 2 million, raising it from USD 2 million to USD 4 million, represented by 2,000,000 ordinary shares at USD 1 each. Additionally, the paid-up share capital of the company was increased by USD 500,000, from USD 2 million to USD 2.5 million, represented by 500,000 ordinary shares at USD 1 each. The Board also recommended amending the Articles of Association to reflect these changes and authorized the board of "Sukoon Workplace Savings Solutions Limited" to implement the amendments. The information was communicated to Mr. Hamed Ahmad Ali, Executive Chief Officer of the Dubai Financial Market, and copied to Mrs. Maryam Butti Al Suwaidi, Deputy CEO of the Securities and Commodities Authority in Abu Dhabi.

Shuaa Capital PSC, a licensed financial investment company regulated by the Securities and Commodities Authority, has its headquarters at The H Hotel, Office Tower, 15th Floor, Office No. 1502, Dubai, UAE. The company recently informed Mr. Hamid Ahmed Ali, the CEO of the Dubai Financial Market, that its Board of Directors approved several resolutions through circulation. These include the adoption of the company's integrated annual report for 2024, which includes the governance report, and the approval to increase the company's capital by issuing 1,123,302,945 new shares at a conversion price of 0.32 AED per share. This increase results from the conversion of mandatory convertible bonds, and the new shares will be listed on the Dubai Financial Market. Other company-related matters were also addressed. The notice was signed by Islam Mahrous, the Chief Compliance Officer.