Latest Threads on News from companies

Ajman Bank's Board of Directors invites shareholders to attend the Annual General Meeting on March 3, 2026, at Ajman Saray Hotel, either in person or electronically. The agenda includes reviewing and approving various reports and financial statements for the year ended December 31, 2025, considering a cash dividend distribution of 9.18% of the capital, approving board remuneration, and discharging the Board and auditors from liability. The meeting will also appoint members of the Internal Shari’ah Supervisory Committee and auditors for 2026. Special resolutions include updating the Bank’s USD 1.5 billion Sukuk Issuance Programme and issuing additional tier 1 Sukuk for regulatory capital purposes, with decisions on timing, structure, and terms delegated to the Board or authorized persons.

Ahmad Bin Shafar, CEO of Emirates Central Cooling Systems Corporation (Empower), participated in the 2026 ASHRAE Winter Conference in Las Vegas, where he met with ASHRAE leaders to discuss the global district cooling sector. The meeting focused on the progress of joint initiatives between Empower and ASHRAE, particularly the development of third-generation district cooling systems and a global district cooling standard. These efforts aim to enhance energy efficiency, support sustainability in modern cities, and reduce emissions. Bin Shafar emphasized Empower's commitment to advancing district cooling through collaboration with ASHRAE, integrating practical expertise with research to develop standardized guidelines and innovative solutions for sustainable urban infrastructure.

The Islamic Arab Insurance Company (SALAMA) announced that its Board of Directors has passed resolutions, subject to prior regulatory approvals from the UAE Central Bank and the Capital Market Authority. The resolutions include accepting proposed subscriptions to the company's convertible sukuk by Eshraq Investment Company for AED 66,825,000 and by Humana Holding Limited for AED 88,175,000. These subscriptions are in accordance with the terms and conditions approved by the company's general meeting on October 16, 2025, and the Board of Directors' resolutions on November 24, 2025.

A letter dated February 3, 2026, from Karem Mahmoud, Director of Legal at Dubai Refreshment P.J.S.C, addressed to Hamed Ahmed Ali, CEO of Dubai Financial Market, announces a Board of Directors meeting for Dubai Refreshment P.J.S.C. The meeting is scheduled for Tuesday, February 10, 2026, at 9:30 AM at the company's main office in Dubai Investment Park 2, Dubai, and will also be accessible via online video technology. The agenda includes reviewing and approving the audited financial statements for 2025, approving the date and agenda for the 2026 Annual General Meeting (AGM) pending approval from the Capital Market Authority, and discussing internal company matters to make necessary decisions.