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On July 8, 2026, Dubai Taxi Company PJSC disclosed an agreement to acquire 100% of the issued share capital of National Taxi LLC, a UAE taxi operator with over 2,500 licensed plates in Dubai, Abu Dhabi, and Al Ain. The acquisition cost is AED 1,449,049,648, finalized on July 7, 2026, after applying a locked-box adjustment mechanism under the Sale and Purchase Agreement. This acquisition aligns with DTC's growth strategy, allowing it to increase its market share in Dubai and enter the Abu Dhabi market. It is expected to enhance earnings and dividends from the first full year of ownership, with additional benefits anticipated from identified synergies.

Dubai Taxi Company (DTC) has completed its acquisition of National Taxi LLC, securing all necessary regulatory approvals. This acquisition is part of DTC's five-year growth strategy, enhancing its market share to 59% in Dubai and establishing a 12% share in Abu Dhabi. With a combined fleet of over 9,500 vehicles, DTC becomes the largest taxi operator in the UAE. The deal, valued at AED 1.45 billion, is expected to positively impact earnings from the first year and offer operational synergies. DTC's CEO, Mansoor Rahma Alfalasi, highlighted the acquisition as a significant step in their growth strategy, aiming to integrate National Taxi and deliver strategic and financial benefits. National Taxi reported revenue of AED 774 million and EBITDA of AED 183 million for the year ended July 2025.

The Union Cooperative Board of Directors is inviting its shareholder members to a General Assembly meeting to decide on adopting a detailed study for transforming the cooperative into a public joint-stock company. The meeting is scheduled for 4 PM on Wednesday, July 8, 2026, and can be attended either online via www.smartagm.ae or in person at the Al Warqa City Mall, second floor. The agenda includes issuing a special resolution to approve the transformation study. Members will receive text messages with their membership number, meeting link, and instructions. Those attending online must register at the provided link to receive their username and password. Registration is open a week before the meeting and continues until it starts, provided the information is accurate and updated. Usernames and passwords will be sent by July 7, 2026. In-person attendees must register on the meeting day with proof of membership. The meeting will be conducted online with the presence of the meeting chair, service provider, meeting secretary, and representatives from the ministry and relevant authority, who can attend either in person or online.

On 7th July 2026, GFH Bank B.S.C. announced an update regarding their voluntary offer for some of the issued shares of Seef Properties B.S.C. There have been no significant developments since the previous announcements on 12th May 2026 and 9th June 2026. The offer is still under review, pending a vote from Seef Properties’ shareholders. GFH Bank will continue to provide regular updates to ensure compliance with relevant laws and regulations. The expected financial impact of this offer will be determined later. The announcement was made by Mariam Jowhary, Head of Compliance & AML.

Islamic Arab Insurance Company (SALAMA) has announced the appointment of His Excellency Humaid Mohammad Obaid Alqutami as the new Chairman of the Board of Directors, succeeding Mr. Essa Ali Bin Salem Al Zaabi. Mr. Fareed Lutfi Al Harmouzi has been elected as Vice Chairman. The elections were held during a Board meeting on July 2, 2026, where the restructuring of Board Committees was also approved. Alqutami brings extensive experience from various leadership roles in government, healthcare, education, and financial services, while Al Harmouzi has over three decades of experience in the insurance and financial sectors. Both are expected to contribute significantly to SALAMA's strategic growth and governance.

A new series of equity futures contracts for October 2026 will be available for trading on the Dubai Financial Market starting from July 9, 2026. These contracts include various futures with specific contract IDs and symbols, all of which will be listed on July 9, 2026, and de-listed on October 15, 2026. The announcement can be accessed on the Dubai Financial Market's website. The information is subject to change, and the Dubai Financial Market's Regulated Derivative Contract Trading Regulation will take precedence in case of any discrepancies.

Empower, the world's largest district cooling services provider, won two Gold Awards at the IDEA Conference 2026 in Canada for "Total Number of Buildings Committed" and "Total Building Area Committed" outside North America. This achievement highlights Empower's leadership in the district cooling sector and supports Dubai and the UAE's reputation for sustainable energy solutions. Empower has won these awards twelve times since 2005 and has received over 20 IDEA awards in total. CEO Ahmad Bin Shafar stated that these awards reflect Empower's commitment to sustainable and innovative cooling solutions, supporting Dubai's urban development and the UAE's net-zero ambitions.

Dubai Investments PJSC has been awarded the Gold Tier in the Majra Impact Seal’s Large Companies category, recognizing its excellence in CSR and sustainability. This award is the UAE’s highest official recognition for such achievements and is given after a thorough evaluation process. The accolade was announced at the Majra Impact Summit 2025 in Abu Dhabi. Mohammed Saeed Al Raqbani, Head of the Sustainability Committee at Dubai Investments, accepted the award, highlighting the company's long-standing commitment to sustainability, ESG principles, and measurable progress in areas like renewable energy and social impact programs. This recognition aligns with Dubai Investments' strategy to support a low-carbon future, in accordance with UAE Vision 2030 and the UN Sustainable Development Goals.

A Board of Directors meeting for Taaleem Holdings PJSC is scheduled for Thursday, July 9, 2026, at 3:00 pm. The meeting will take place at the company's premises and allow for remote attendance. The agenda includes reviewing and approving the Interim Condensed Consolidated Financial Statements for the nine-month period ending May 31, 2026, discussing routine business matters, following up on company activities, and addressing any other issues with the Chairman's permission. The letter is signed by Alan Williamson, CEO, and a copy is sent to the Securities and Commodities Authority.