Latest Threads on News from companies

Nasdaq Dubai has announced the listing of Emirates Islamic's USD 500 million Sustainability-Linked Financing Sukuk, marking the first issuance of its kind globally. This listing has pushed the total value of outstanding Sukuk on Nasdaq Dubai beyond USD 100 billion. Issued under Emirates Islamic's USD 4 billion Sukuk Programme, the Sukuk highlights the bank's leadership in sustainable Islamic finance and supports the UAE's sustainability goals. The offering attracted significant international investor interest, with orders reaching USD 1.2 billion, which is 2.4 times oversubscribed. This allowed Emirates Islamic to set the profit rate at 4.540% per annum. The listing was celebrated by Hesham Abdulla Al Qassim, Chairman of Emirates Islamic, and Hamed Ali, CEO of Nasdaq Dubai and DFM, who emphasized the significance of this achievement for the Islamic finance industry and Dubai's role as a global hub for sustainable capital markets.

The text is a formal letter addressed to Mr. Hamed Ahmed Ali, the CEO of the Dubai Financial Market, from Lama Takieddin, the Head of Corporate Governance and Board Secretary at Amlak Finance PJSC. The letter, dated 8 October 2025, notifies Mr. Ali about an upcoming meeting of the Board of Directors of Amlak Finance PJSC. The board will consider resolutions by circulation on Monday, 13 October 2025, at 9 am, regarding internal matters. The letter also includes a courtesy copy to the Securities & Commodities Authority.

The text provides details on the margin parameters for DFM Futures, effective from October 9, 2025. It lists various underlying symbols with their respective base margin percentages, currencies, base margin per contract, and spread margin per contract. The document also mentions that the methodology for margin calculation and types of eligible margin can be found in the Derivatives Clearing Guidelines and Procedures on the Dubai Clear website. Additionally, the announcement will be available on the Dubai Financial Market website. A disclaimer notes that the information is subject to change and is not a substitute for the Dubai Financial Market Regulated Derivative Contract Trading Regulation, which takes precedence in case of inconsistencies.

SHUAA Capital p.s.c., a financial investment company based in Dubai and regulated by the U.A.E. Securities and Commodities Authority, issued a clarification regarding a recent announcement by Eshraq Investments PJSC. Eshraq announced a conditional agreement to acquire Shine SPV Holding 1 Limited, owned by an investment fund managed by SHUAA GMC Limited, a subsidiary of SHUAA. SHUAA clarified that it is not a party to this transaction. The acquisition is subject to regulatory approvals and third-party consents. SHUAA committed to complying with disclosure requirements and will provide updates on significant developments.

Taaleem Holdings PJSC, a prominent education provider in the UAE with 38 schools and listed on the Dubai Financial Market, has announced the acquisition of a school plot in Ghaf Woods from the Majid Al Futtaim Group. The plot covers 23,000 square meters and is intended for a campus with a capacity for 1,800 students. This acquisition aligns with Taaleem's strategic plan to expand its premium educational facilities in Dubai. The completion of the transaction is pending customary regulatory approvals.

The text is a notification regarding a Board of Directors meeting for Taaleem Holdings PJSC, scheduled for Thursday, 9 October 2025, at 3 PM. The meeting will take place at the company's premises and via remote attendance. The agenda includes discussing and approving the annual audited financial statements for the fiscal year ending 31 August 2025, setting the date and agenda for the annual general assembly meeting, which will cover proposed Board remuneration and dividend distribution, opening nominations for Board membership, and addressing regular and other business matters. The notification is signed by Alan Williamson, the CEO of Taaleem Holdings PJSC.

Sukoon Insurance PJSC, with a paid-up capital of AED 461,872,125, is regulated by the Central Bank of the UAE. On October 7, 2025, the company's Board of Directors passed a resolution by circulation to update the trade license of Synergize Services FZ-LLC. This update reflects the appointment of Hammad Raza Khan as the new Acting CEO, replacing the former CEO, Jean-Louis Laurent Josi. The communication was addressed to Mr. Hamed Ahmad Ali, Executive Chief Officer of the Dubai Financial Market, and a copy was sent to H.E. Waleed Saeed Al Awadhi, CEO of the Securities and Commodities Authority in Abu Dhabi.

Dubai Investments announced plans to double the float glass manufacturing capacity at its subsidiary, Emirates Float Glass (EFG), by adding a second production line. This expansion will increase EFG's capacity from 600 to 1,200 tons per day and introduce Ultra Clear low-iron glass, a first in the MENA region. The new line, expected to be operational by late 2027 or early 2028, will feature advanced automation and energy-efficient systems to improve product quality and minimize environmental impact. This development aligns with Dubai Investments' commitment to sustainable growth and positions EFG to meet growing demand in regional and international markets. The project involves collaboration with HORN Glass Industries of Germany and other contractors to ensure high standards of delivery.