Latest Threads on News from companies

BHM Capital Financial Services P.S.C, a private joint stock company regulated by the Securities and Commodities Authority, announced the expiry of its Liquidity Provision Agreement with RAK Properties PJSC. The agreement, related to shares listed on the Abu Dhabi Securities Exchange, will not be renewed by mutual consent. The announcement was made to Hamed Ahmed Ali, CEO of the Dubai Financial Market, through the EFSAH electronic disclosure system, and was signed by Abdel Hadi Al Sadi, CEO of BHM Capital.

The weekly summary for DFM Regulated Short Sell transactions from April 7th to April 11th, 2025, reports on the trading activities during this period. Specifically, EMAAR Development PJSC saw a short sell trade volume of 100,000 and a trade value of AED 1,155,000. Further details on regulated short selling can be found in the DFM Market Rules and related documentation available on their website. A disclaimer notes that the information is subject to change and DFM is not liable for any losses resulting from the use of this data.

A notification has been issued regarding a meeting of the Board of Directors of Dubai Electricity and Water Authority PJSC (DEWA). The meeting is scheduled to take place on Wednesday, April 16, 2025, at 9:00 AM. The notice is addressed to Mr. Hamed Ahmed Ali, the Chief Executive Officer of Dubai Financial Market, and is signed by Aakash Nijhawan, the Group Head of Investor Relations at DEWA.

Ithmaar Holding B.S.C. has announced that its Board of Directors is collaborating with the major shareholder to develop a plan aimed at improving the company's capital position. This plan may involve a capital injection or other measures and is subject to further review and necessary regulatory approvals. Additional details and the expected financial impact will be disclosed in due course.

On April 10, 2025, the Board of Directors of Dubai Taxi Company P.J.S.C. issued a Board Resolution by Circulation to approve certain internal matters related to the company's business operations. The communication was addressed to Mr. Hamed Ahmed Ali, the Chief Executive Officer of the Dubai Financial Market. The notice was sent by Vicken Khochafian, the Board Secretary and Governance Director, with a copy also sent to the Securities and Commodities Authority.

GFH Financial Group announced that it has purchased 183,364 of its treasury shares, increasing its total treasury shares from 186,456,500 to 186,639,864, which still represents 4.87% of the total issued shares as of April 10, 2025. The decision to purchase these shares was made during a board meeting on March 24, 2025, and was approved by the relevant authority on February 16, 2025. The average purchase price was 0.2920 USD per share, and the purchased shares account for 0.005% of the issued capital. There remain 196,619,519 shares available for future purchase. The announcement was made by Mariam Jowhary, Head of Compliance & AML.

BHM Capital Financial Services has been appointed as the liquidity provider for Alpha Data shares on the Abu Dhabi Securities Exchange (ADX). This partnership aims to enhance the liquidity of these shares, improve price stability, and facilitate efficient transactions for investors. BHM Capital will enter two-way daily quotes into the market's trading systems in line with ADX and UAE Securities and Commodities Authority regulations. Abdel Hadi Al Sa’di, CEO of BHM Capital, expressed pride in the appointment, emphasizing the company's commitment to improving market accessibility and fostering a dynamic and transparent marketplace. BHM Capital is a leading financial institution in the UAE, known for its advanced financial services and regional leadership.

Al Ansari Financial Services (AAFS) has completed its acquisition of BFC Group Holdings, becoming the largest non-banking financial services provider in the Gulf Cooperation Council (GCC) region by branch network. This $200 million transaction expands AAFS's presence in Bahrain, Kuwait, and India, increasing its customer base by 29% and branch network by 60%. The acquisition enhances AAFS's operational scale and geographic diversification, benefiting shareholders, customers, and employees. AAFS, known for its digital innovation, plans to extend its digital model to BFC Group entities, reinforcing its position as a digital-first player. The acquisition secures AAFS's market leadership in remittances and foreign exchange, strengthens its regional footprint, and complements its growth strategy with BFC's fintech expertise. The integration is expected to generate cost efficiencies and drive revenue growth.