Latest Threads on News from companies

A meeting of the Board of Directors of Commercial Bank of Dubai P.S.C. took place on Wednesday, 22nd October 2025, at 9:00 a.m. During the meeting, the board approved the minutes from the previous meeting held on 24th September 2025, approved the financial statements for the third quarter of 2025, and discussed normal business activities. The information was communicated to Mr. Hamed Ahmad Ali, CEO of the Dubai Financial Market, with a copy sent to the Securities and Commodities Authority.

The text refers to the condensed consolidated interim financial statements of Commercial Bank of Dubai PSC Group for the nine-month period ending on September 30, 2025.

Emirates Central Cooling Systems Corporation PJSC (Empower) has announced the construction of its second district cooling plant in Jumeirah Village, Dubai, which will have a capacity of 37,000 refrigeration tons. This project is part of Empower's plan to build six advanced district cooling plants in the area, with a total capacity of 256,000 RT. The new plant will utilize advanced cooling technologies and integrate Thermal Energy Storage and Treated Sewage Effluent technologies to enhance efficiency. Empower's CEO, Ahmad Bin Shafar, highlighted the company's commitment to expanding its operations and supporting Dubai's sustainability goals.

A new contract series for Micro GME Oman Crude Oil Futures, specifically the December 2026 contract, will be available for trading starting on October 27, 2025. This contract, identified by the symbol OMOILZ26 and the contract ID OIL231026001, will be listed on the Dubai Financial Market until October 23, 2026. Further details can be found on the Dubai Financial Market website. The information provided is subject to change, and the Dubai Financial Market Regulated Derivative Contract Trading Regulation will take precedence in case of any discrepancies.

Tabreed has appointed Arqaam Securities LLC as a liquidity provider for its shares on the Dubai Financial Market. This 12-month agreement aims to improve trading liquidity, enhance investor confidence, and benefit shareholders by introducing two-way quotes to the market. Arqaam Securities' share ownership will not exceed 5% of Tabreed's total outstanding shares. The initiative, which complies with regulations set by the Dubai Financial Market and the UAE Securities and Commodities Authority, is set to commence on 22 October 2025. Tabreed's CEO, Khalid Al Marzooqi, stated that the appointment aims to provide shareholders with greater flexibility and focus on sustainable, long-term value creation. Veselin Tilev from Arqaam expressed confidence that their services will enhance market depth and trading efficiency in the UAE.

Sean Magee, Secretary of the Board of Directors, announced that Tabreed has completed its one-year liquidity provision agreement with xCube on October 21, 2025. To continue enhancing the liquidity and active trading of Tabreed shares, a new 12-month agreement has been signed with Arqaam Securities, effective October 22, 2025. This move is part of Tabreed's ongoing efforts to support a dynamic and efficient market for its shares. For further information, interested parties are encouraged to reach out.

SHUAA Capital has been appointed as the exclusive financial advisor for Islamic Arab Insurance Company (Salama) to assist with its capital restructuring and issuance of a Mandatory Convertible Sukuk (MCS). This strategic move aims to strengthen Salama's capital base and solvency. The restructuring plan, approved by Salama's shareholders, involves a capital reduction followed by an MCS issuance of up to AED 175 million, aligning with regulatory requirements and shareholder interests. SHUAA's appointment highlights its expertise in investment banking and its focus on expanding fee-based income through impactful advisory roles. The MCS issuance is expected to be completed in the coming months, pending regulatory approvals. Both companies are listed on the Dubai Financial Market, ensuring transparency and governance throughout the process.