Latest Threads on News from companies

Shuaa Capital PSC, a licensed financial investment company regulated by the Securities and Commodities Authority, is headquartered in Dubai, United Arab Emirates. The company plans to hold a board meeting on December 20, 2024, to make decisions by circulation regarding two main items: approval of a waiver agreement with the main creditor and discussion of other matters related to the company's operations. The communication is addressed to Mr. Hamid Ahmed Ali, CEO of the Dubai Financial Market.

Mashreqbank PJSC has scheduled a Board of Directors meeting for Friday, December 20, 2024, at 8:30 am. The agenda includes reviewing the minutes from the previous meeting held on December 12, 2024, discussing normal business activities, and addressing any other business matters. The notification is addressed to Mr. Hamed Ahmad Ali, CEO of the Dubai Financial Market, and is signed by Shaima Al Obeidli, Head of Corporate Governance & Group Company Secretary. A copy of the notice has been sent to the Securities & Commodities Authority.

Al Salam Bank has introduced an exclusive card discount program in collaboration with "Live Life," offering discounts at over 100 local merchants in Bahrain. The program covers various sectors, including dining, entertainment, fitness, and travel, and is designed to enhance the use of the bank's credit, prepaid, and youth debit cards. Cardholders can access these discounts by using their Al Salam Bank cards at participating merchants. The initiative aims to make Al Salam Bank cards the preferred payment option and improve clients' banking experiences. The program also supports clients who have transitioned from "ASB Financing." Clients can find more details on the bank's website or social media platforms.

Takaful Emarat – Insurance PJSC has successfully completed a capital increase of AED 185 million through a rights issue offered to existing investors, raising the company's total capital to AED 210,652,000. This achievement reflects the trust and confidence of shareholders and the market in the company's management and strategic direction. The company acknowledged the support of stakeholders, including IBRAHIM .N. PARTNERS, First Abu Dhabi Bank PJSC, the Central Bank of the UAE, the Securities and Commodities Authority, and the Dubai Financial Market, for their roles in facilitating the transaction. Earlier in the year, Takaful Emarat's Board of Directors took measures to write off accumulated losses, setting the stage for sustainable growth. The company is committed to operational improvements, transparency, and adding value for shareholders and customers, with positive impacts expected in future financial reports. With a strengthened capital base, Takaful Emarat is positioned to expand its market presence and innovate within the Takaful insurance sector. The company expressed gratitude to the UAE government for its supportive business environment, contributing to its growth and success.