Latest Threads
Check out what has been happening in the community
Check out what has been happening in the community
The disclosure clarifies the rules regarding proxy approval for shareholders in joint stock companies. Shareholders eligible to attend a general assembly can delegate someone, who is not a board member, company employee, or associated with a securities brokerage company, to attend and vote on their behalf. The delegated person cannot represent more than 5% of the company's issued capital. Shareholders who are legally incompetent must be represented by their legal representatives. The shareholder's signature on the proxy must be approved by a recognized entity such as a Notary Public, economic department's commercial chamber, a licensed bank or company, financial markets, or any licensed attestation entity. The proxy form must include the shareholder's and brokerage firm's contact details and is a guiding document that can be customized within the specified limits. For further inquiries, contact details are provided.
On 18 March 2026, Amlak Finance P.J.S.C held a board meeting from 11:00 AM to 12:00 PM, with six board members present, achieving an 86% quorum. The board resolved to call the Annual General Meeting and publish the invitation after obtaining regulatory approvals. They recommended to the General Assembly the approval of a cash dividend distribution of AED 735 million, representing 49% of the company's capital for the financial year ending 31 December 2025. Additionally, the board decided to present the Business Plan to shareholders for approval and discussed normal business-related matters. The authorized signatory for the meeting was Lama Takieddin, Head of Corporate Governance and Company Secretary.
A new contract series for Micro GME Oman Crude Oil Futures, specifically the May 2027 contract, will be available for trading starting on March 25, 2026. The contract, identified by the symbol OMOILK27 and ISIN OIL240327001, will be listed on the Dubai Financial Market and will be de-listed on March 27, 2027. Further details can be found on the Dubai Financial Market's website. The information provided is subject to change and should not replace the official trading regulations.
The Dubai Financial Market (DFM) will adjust its Equity Futures Contracts for Air Arabia PJSC following shareholder approval of a cash dividend of AED 30 fils per share. This adjustment will be effective from March 18, 2026, which is the Ex-Day for the dividend distribution. The futures contracts affected are those expiring in March, April, May, and June 2026. The price adjustments involve an adjustment ratio of 0.933333, resulting in a decrease in the price of each contract series. The adjusted prices will serve as the reference prices for trading on March 18, 2026. Further details can be found on the DFM website. The information provided is subject to change and should be cross-referenced with the official Dubai Financial Market Regulated Derivative Contract Trading Regulation.