Latest Threads on News from companies

Ithmaar Holding B.S.C. has announced ongoing discussions with GFH Financial Group B.S.C. regarding the acquisition of Ithmaar's financing and investment portfolios. These negotiations are subject to regulatory approvals, and shareholders will be regularly updated on any further developments.

GFH Financial Group B.S.C. and Ithmaar Holding B.S.C. are currently engaged in ongoing discussions and negotiations for GFH to acquire Ithmaar's financing and investment portfolios. This acquisition is subject to regulatory approvals. Shareholders will be regularly updated on any further developments. The expected financial impact of the acquisition will be disclosed in due course. Previous announcements related to this matter were made on several dates throughout 2024. The announcement was made by Mariam Jowhary, Head of Compliance and AML.

The Board of Directors meeting for Waha Capital PJSC, originally scheduled for November 12, 2024, has been postponed. The new date for the meeting is set for November 28, 2024, at 10:00 a.m. in Abu Dhabi. The meeting will focus on reviewing general business matters.

The Board of Directors of Abu Dhabi Ports Company PJSC passed a resolution by circulation on Monday, 25 November 2024, at 6 p.m. The resolution involves inviting the company's general assembly to convene on a date that will be agreed upon by the Securities and Commodities Authority (SCA) to discuss the issuance of bonds by the company. The company will announce the date and agenda for the general assembly meeting after obtaining approval from the SCA.

ADNOC Logistics and Services (ADNOC L&S) has received its first new liquified natural gas (LNG) carrier, named 'Al Shelila,' from Jiangnan Shipyard in China, delivered two months early. This delivery is part of ADNOC L&S's fleet expansion and growth strategy, with five more carriers expected by 2026. The vessel uses advanced technology for improved efficiency and reduced emissions. The collaboration highlights strong industrial ties between the UAE and China. The delivery ceremony was attended by various dignitaries, including UAE and Chinese officials.

GFH Financial Group has announced that its global asset management division, GFH Partners Limited, based in the Dubai International Financial Centre, has successfully acquired A-Class student housing assets worth $300 million in the United States. This investment is expected to positively impact the Group's financial performance and increase its returns.