Latest Threads on News from companies
Threads on regulatory news from companies
Threads on regulatory news from companies
On December 16, 2025, a clarification was issued by Emaar Properties PJSC regarding a media report from December 14, 2025, about an arbitration case. The company clarified that it is not involved in the case, which does not impact its shares. The case was filed by Arabtec Egypt against Emaar Misr for Development SAE, a company listed on the Egyptian Stock Market, in January 2025. The dispute involves a construction contract in Egypt, with a claim amounting to EGP 680 million (approximately AED 53 million). The statement was signed by Mohamed Alabbar, Managing Director.
On 16 December 2025, a letter was addressed to H.E. Hamed Ahmed Ali, CEO of Dubai Financial Market, and H.E. Waleed Saeed Al Awadhi, CEO of the Securities and Commodities Authority in Abu Dhabi, United Arab Emirates. The letter announced the resignation of H.E. Suhail Almazrouei from his position as Vice Chairman and board member of Gulf Navigation Holding PJSC, effective 15 December 2025. The letter was signed by Ali Abouda, Chief Finance & Operations Officer of Gulf Navigation Holding PJSC.
The board meeting of Amlak Finance P.J.S.C. was held on Tuesday, 16 December 2025, from 3:00 PM to 4:30 PM. Six board members were present, achieving a quorum of 86%. The meeting focused on discussing normal business-related matters. The authorized signatory for the meeting was Lama Takieddin, who holds the position of Head of Corporate Governance and Company Secretary.
Tabreed, a leading district cooling company, has partnered with Sparklo, a UAE-based cleantech firm, to enhance the UAE's recycling infrastructure and promote sustainability. The collaboration involves installing 16 Sparklomat reverse vending machines across the country to facilitate the recycling of plastic bottles and aluminum cans in exchange for digital rewards. One machine is already set up at Tabreed's headquarters, with the remaining 15 to be placed in high-traffic areas like Ferrari World Abu Dhabi and various malls. The initiative aims to collect over four million containers annually, potentially preventing around 637,400 kilograms of CO₂ emissions each year. This effort supports the UAE's Net Zero 2050 and Circular Economy Policy goals by encouraging sustainable practices through incentives. Both Tabreed's CEO, Khalid Al Marzouqi, and Sparklo's founder, Maxim Kaplevich, emphasized the importance of integrating sustainability into everyday life and the role of innovation and partnerships in achieving environmental targets.
GFH Financial Group B.S.C. announced the purchase of 3,388,218 treasury shares, increasing its total treasury shares from 260,658,973 (6.801% of total issued shares) to 264,047,191 (6.890% of total issued shares) as of December 15, 2025. The decision to purchase was made by the company's board of directors on March 2, 2025, and approved by the relevant authority on October 20, 2025. The shares were bought at an average price of USD 0.600, representing 0.088% of the issued capital. There are 119,212,192 shares remaining for purchase. The announcement was signed by Mariam Jowhary, Head of Compliance & AML.