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Shuaa Capital PSC, a licensed financial investment company regulated by the Securities and Commodities Authority, has scheduled a Board of Directors meeting for March 25, 2025, at 2:00 PM. The agenda includes reviewing and approving the audited consolidated financial statements for the fiscal year ending December 31, 2024, considering the convening of the annual general assembly for 2024 pending regulatory approval, and addressing other company-related matters. The communication is addressed to Mr. Hamid Ahmed Ali, CEO of Dubai Financial Market.
The Dubai Financial Market has issued the expiry settlement prices for equity futures contracts expiring in March 2025. The settlement prices in AED for various contract series are as follows: AIRARB at 3.460, ANSRI at 0.990, ARMX at 2.850, DEWA at 2.470, DEYAAR at 0.930, DFMGI at 5,131.36, DFM at 1.320, DIB at 7.540, DIC at 2.320, DU at 8.120, EMAAR at 13.300, EMPWR at 1.600, EMRDEV at 12.400, ENBD at 19.550, GFH at 1.150, SALIK at 4.940, and SHUAA at 0.233. This announcement can be accessed on the Dubai Financial Market website. The information is subject to change, and the Dubai Financial Market Regulated Derivative Contract Trading Regulation takes precedence in case of any inconsistencies.
The Dubai Financial Market (DFM) announced an adjustment to its Equity Futures Contracts for Dubai Islamic Bank (DIB) following the shareholders' approval of a cash dividend of AED 0.45 per share. The adjustment will take effect on March 21, 2025, which is the ex-dividend date. The futures contracts affected are DIB FUT for April, May, and June 2025. The price adjustment involves multiplying the previous day's settlement price by an adjustment ratio of 0.940318. The adjusted prices for trading on March 21, 2025, will serve as the reference prices. The announcement is available on the DFM website, and the information is subject to change. The DFM Regulated Derivative Contract Trading Regulation will prevail in case of any inconsistency.
On March 20, 2025, Aramex PJSC held a meeting chaired by Mr. Mohamed Juma Alshamsi, with a quorum of 60.88% of capital. The meeting, conducted electronically and in-person in Dubai, approved several resolutions for the year ending December 31, 2024. These included the approval of the Board of Directors' report, the Auditor’s report, the company's balance sheet, and profit and loss account. The recommendation not to distribute cash dividends was also approved, along with the Board of Directors’ remuneration of AED 4,400,000. The members of the Board and the external auditors were absolved from any liability. Ernst & Young was appointed as the auditors for the financial year ending December 31, 2025, with fees set at AED 6,941,214. The meeting also approved the Board Members’ Remuneration Policy, with no special resolutions taken. The meeting details were authorized by Amanda Dahdah, Governance Officer and Board Secretary.