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Dubai Financial Market News

Dubai Financial Market News

News Update From Dubai Financial Market PJSC

DFM News: Suspend trading on IFA shares starting from 2:00 PM (UAE time) as its BOD meeting is being held today, 03-09-2024 and until results are disclosed
Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Abu Dhabi National Takaful Co.

Disclosures: Abu Dhabi National Takaful Co. - Update on portfolio agreement with AMAN

On 27 October 2022, a company announced an initial agreement to acquire an individual life takaful portfolio from Dubai Islamic Insurance & Reinsurance Company (AMAN), subject to certain requirements. As these requirements were not met, the company's board of directors decided not to proceed with the acquisition and notified AMAN of the termination of the agreement. The company remains committed to growing and developing its takaful business in the UAE and beyond.

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Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Abu Dhabi National Takaful Co.

Disclosures: Abu Dhabi National Takaful Co.

On 27 October 2022, shareholders were informed that the Company had reached an initial agreement to acquire an individual life takaful portfolio from Dubai Islamic Insurance & Reinsurance Company (AMAN), subject to certain requirements. As these requirements have not been met, the board of directors has decided not to proceed with the acquisition and has notified AMAN of the decision to terminate the agreement. The Company continues to focus on profitably growing and developing its takaful business in the UAE and beyond. Yours sincerely, Osama Abdeen Chief Executive Officer

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Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Al Yah Satellite Communications Company PJSC

Disclosures: Al Yah Satellite Communications Company PJSC Board Meeting Result (Dividend) to be held on 02/09/2024 at 16:00

The board meeting of Al Yah Satellite Communications Company PJSC was held on Monday, 2 September 2024, from 4:00 PM to 4:50 PM UAE local time, with 8 directors attending and a quorum of 89%. The board approved the distribution of interim dividends of 8.40 fils per share (8.40% of the nominal value) for the first half of 2024, amounting to AED 204,940,703, to be paid to shareholders registered by the close of business on Thursday, 12 September 2024. They also approved the agenda for the General Assembly Meeting (GAM) scheduled for 26 September 2024, with flexibility for date adjustments by the Securities and Commodities Authority. Additionally, the board discussed general company activities and passed appropriate resolutions. The disclosure was signed by Clint Irwin Fransquinho de Barros, the Board Secretary.

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Dubai Financial Market News

Dubai Financial Market News

News Update From National International Holding Company

Disclosure: Disclosure Post Selling of Treasury Shares

National International Holding Co. K.P.S.C. (NIH) has informed the Dubai Financial Market, through a letter dated 02/09/2024 addressed to its CEO, Mr. Hamed Ahmed Ali, that it has sold treasury shares. The disclosure details are attached to the letter. The communication is signed by Mamdouh A. EL Sherbiny, CEO and Board Member of NIH. The company, established in 1979, is based in Kuwait and has authorized and paid capital of 23,455,301.600 K.D.

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Dubai Financial Market News

Dubai Financial Market News

News Update From Sukoon Insurance PJSC

Disclosure: Press release

Sukoon Insurance, a leading insurance provider in the UAE, has introduced a new videoconferencing feature for its life insurance customers. This innovation allows applicants to complete their life insurance applications without extensive in-person medical examinations, aligning with the company's customer-centric strategy to enhance accessibility, convenience, and inclusivity. Emmanuel Deschamps, Executive Vice President, highlighted that this makes Sukoon the first in the UAE to offer such a feature for life insurance underwriting. The service is available for a specific age group with predefined premium limits. Dr. Faiza Zulfiqar, Head of Individual Life Underwriting, emphasized that this initiative improves client experience and ensures an efficient underwriting process. This development reflects Sukoon's commitment to exceptional service and continuous evolution to meet client expectations.

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Dubai Financial Market News

Dubai Financial Market News

News Update From Dubai Financial Market PJSC

DFM News: Resume trading on EKTTITAB shares after the resumption of trading in Kuwait Bourse
Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Borouge PLC

Disclosures: Borouge PLC AGM Results held on 30/08/2024 at 15:00

On 30 August 2024, Borouge PLC held a virtual General Assembly Meeting chaired by Board Member Mr. Khaled Al Zaabi. The meeting, which started at 3:00pm and ended at 3:30pm, had a quorum of 91.27% of the total attendance. During the meeting, an ordinary resolution was approved to distribute a cash interim dividend of USD 650,000,000 (approximately AED 2,387,125,000 or 7.9 fils per share) for the first half of the 2024 financial year.

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Dubai Financial Market News

Dubai Financial Market News

News Update From Al Salam Bank B.S.C

Disclosure: Press release

Al Salam Bank has partnered with talabat to offer Visa Credit and Multi-Currency Prepaid cardholders a free 12-month t-pro subscription. This offer is available from September 1 to October 13, 2024, and includes benefits such as free delivery and special rewards. The t-pro service, recently launched in talabat Bahrain, provides unlimited free delivery from selected restaurants, grocery stores, pharmacies, and shops. The partnership aims to enhance client experience and satisfaction. For more details, visit Al Salam Bank's website or contact them via WhatsApp or their virtual branch.

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Dubai Financial Market News

Dubai Financial Market News

News Update From International Financial Advisors K.S.C.C.

Disclosure: Completion of all regulatory procedures for increasing the capital

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