Latest Threads on News from companies

The weekly trading summary for DFM Regulated Short Sell Transactions from November 11 to November 15, 2024, includes the following details: Emaar Properties PJSC had a short sell trade volume of 35 with a trade value of AED 319.20, while Salik Company PJSC had a short sell trade volume of 2,230 with a trade value of AED 12,153.50. For more information, refer to the DFM Market Rules and the Operational Model for Regulated Short Selling on the DFM website. The announcement is available online, and the information provided is subject to change without liability for any losses incurred.

Al Salam Bank has launched the "Workspaces" portal, a platform designed for Single Person Companies, family offices, and Micro, Small, and Medium-sized Enterprises (MSMEs) to manage their financial activities efficiently. This integrated platform allows users to access company accounts, financing options, and manage payments through a single login, with features like an Admin User profile for self-service capabilities, eliminating the need to visit the bank. It supports multiple Commercial Registration accounts and offers functionalities such as payments, salary transfers, and international transactions. The portal aims to enhance operational efficiency and support Bahrain's economic development by providing tailored digital services for MSMEs.

GFH Financial Group B.S.C. announced that it has entered into definitive agreements with the Saudi Education Fund, managed by EFG Hermes, for the acquisition of Britus Education. Britus Education is a leading K-12 education platform operating international schools in the GCC and MENA regions, with a market value exceeding USD 200 million. The portfolio consists of four schools in Saudi Arabia, two in the UAE, and one in Bahrain, with a total capacity of about 12,000 students and nearly 8,000 currently enrolled. This investment is expected to have a positive impact on GFH's financials and increase the group's returns. The announcement was made by Mariam Jowhary, Head of Compliance & AML.

Americana Restaurants International PLC announced the completion of its share buyback program, acquiring 25 million shares under its Long-Term Incentive Plan (LTIP) on the Abu Dhabi Securities Exchange (ADX) at a weighted average price of AED 2.460 per share. The buyback received approval from the company's AGM on April 24, 2024, and from ADX on May 9, 2024.