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Shuaa Capital PSC, a licensed financial investment company regulated by the Securities and Commodities Authority, has announced a decision made by its Board of Directors. The decision involves the acceptance of the resignation of Mr. Ahmed Al Ahmadi from the Board and the appointment of Mr. Asad Ali Hussaini as his replacement until the end of the board's term in April 2027. This appointment will be presented to the company's general assembly for approval. The announcement was addressed to Mr. Hamid Ahmed Ali, CEO of the Dubai Financial Market.

The audited consolidated financial statements of Mashreqbank PSC Group for the year ended December 31, 2024, are pending approval from the Central Bank of the U.A.E. and adoption by shareholders at the annual general meeting.

Mashreq Bank PJSC held a Board of Directors meeting on January 30, 2025, at 11:00 am. The meeting covered several key agenda items, including the approval of the previous meeting's minutes from December 20, 2024, the financial statements for the year ending December 31, 2024, and the agenda for the Annual General Assembly meeting for shareholders scheduled for February 27, 2025. Other topics related to the bank's business were also discussed. The information was communicated by Shaima Al Obeidli, Head of Corporate Governance & Group Company Secretary, with a copy sent to the Securities & Commodities Authority.

Nasdaq Dubai has listed the Middle East's first corporate Blue Bond, valued at USD 100 million, issued by DP World. This bond is part of DP World's USD 10 billion Global Medium-Term Note Programme, with a 5.250% coupon rate maturing in 2029, and achieved a spread of 99.6 basis points above U.S. Treasuries. The proceeds will fund sustainable projects in marine transportation and port infrastructure, aligning with the UN's Sustainable Development Goals 6 and 14. This listing enhances Nasdaq Dubai's reputation as a leading platform for ESG-linked financial instruments, with its total debt market value at USD 137 billion, including USD 29 billion in ESG-linked issuances. The listing ceremony was attended by DP World and Nasdaq Dubai executives, highlighting a commitment to sustainable finance and economic growth.

Emirates Central Cooling Systems Corporation PJSC (Empower), the world's largest district cooling services provider, is enhancing its global presence by participating as a Diamond Sponsor at the IDEA Campus Energy 2025 International Conference in Boston, USA. The event, organized by the International District Energy Association (IDEA), will occur from February 3rd to 6th and is expected to attract over 1,000 participants worldwide. Empower's sponsorship is part of a broader commitment to support IDEA's conferences and exhibitions throughout 2025. The delegation, led by Empower CEO H.E. Ahmad Bin Shafar, will also participate in IDEA Board of Directors meetings and a technical tour of advanced energy facilities. Bin Shafar emphasized Empower's commitment to fostering collaboration and innovation in the district cooling industry to promote sustainability.