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Al Salam Bank has introduced an exclusive card discount program in collaboration with "Live Life," offering discounts at over 100 local merchants in Bahrain. The program covers various sectors, including dining, entertainment, fitness, and travel, and is designed to enhance the use of the bank's credit, prepaid, and youth debit cards. Cardholders can access these discounts by using their Al Salam Bank cards at participating merchants. The initiative aims to make Al Salam Bank cards the preferred payment option and improve clients' banking experiences. The program also supports clients who have transitioned from "ASB Financing." Clients can find more details on the bank's website or social media platforms.
Takaful Emarat – Insurance PJSC has successfully completed a capital increase of AED 185 million through a rights issue offered to existing investors, raising the company's total capital to AED 210,652,000. This achievement reflects the trust and confidence of shareholders and the market in the company's management and strategic direction. The company acknowledged the support of stakeholders, including IBRAHIM .N. PARTNERS, First Abu Dhabi Bank PJSC, the Central Bank of the UAE, the Securities and Commodities Authority, and the Dubai Financial Market, for their roles in facilitating the transaction. Earlier in the year, Takaful Emarat's Board of Directors took measures to write off accumulated losses, setting the stage for sustainable growth. The company is committed to operational improvements, transparency, and adding value for shareholders and customers, with positive impacts expected in future financial reports. With a strengthened capital base, Takaful Emarat is positioned to expand its market presence and innovate within the Takaful insurance sector. The company expressed gratitude to the UAE government for its supportive business environment, contributing to its growth and success.
Islamic Arab Insurance Company – SALAMA (PSC) has scheduled a board meeting on Thursday, 19 December 2024, starting at 3:00 pm. The agenda includes discussing administrative matters and any other matters. The announcement is authorized by Khaled Barakat, the General Counsel, and includes the company's stamp and signature.
The Dubai Financial Market (DFM) has released its weekly summary for Regulated Short Sell (RSS) transactions for the period from December 9 to December 13, 2024. During this period, no RSS trades were conducted. For more information on RSS, individuals are directed to consult the DFM Market Rules and the Operational Model and Procedures for Implementation of Regulated Short Selling, available on the DFM website. The announcement can also be accessed on the DFM's news and disclosures webpage. The document includes a disclaimer noting that the information is subject to change and that the DFM is not liable for any losses resulting from the use of the information provided.
A notification has been issued for a Board of Directors meeting of Dubai Taxi Company P.J.S.C. The meeting is scheduled for Wednesday, December 18, 2024, at 3:00 PM at the company's headquarters. The agenda includes reviewing and approving the company's budget for the fiscal year 2025, discussing and approving the company's strategy for 2025-2029, evaluating and adopting the company's ESG strategy, and addressing other operational and internal matters. The notification is signed by Vicken Khochafian, the Board Secretary and Governance Director, with a copy sent to the Securities and Commodities Authority.