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The Dubai Financial Market (DFM) has announced that trading will resume on the UAE capital markets, including the DFM, on Wednesday, 4 March 2026, following a decision by the UAE Capital Markets Authority. To ensure orderly market conditions, DFM will temporarily adjust the limit down threshold to 5%, with ongoing reviews in coordination with regulators.
SHUAA Capital p.s.c., a financial investment company based in Dubai and regulated by the U.A.E. Securities and Commodities Authority, has announced the resignation of Mr. Anil Dixit, the Head of Asset Management, due to personal reasons. This notification was addressed to Mr. Hamed Ahmed Ali, the CEO of the Dubai Financial Market, by Islam Mahrous, the Chief Compliance Officer of SHUAA Capital.
The text provides explanatory notes on proxy approval in accordance with Article 40 (1) and (2) of the Corporate Governance Guide. It informs shareholders that they may appoint a proxy to attend General Assembly Meetings and vote on resolutions, provided the proxy is not a Board member, company employee, or employee of a securities brokerage firm. The proxy must have a special written authorization, and they cannot represent more than 5% of the company's issued share capital. Shareholders lacking legal capacity will be represented by their legal representatives. The shareholder's signature on the proxy must be authenticated by specific entities, such as a Notary Public, a Chamber of Commerce or economic department in the UAE, a bank or licensed company where the principal holds an account, or any licensed entity for signature attestation. The proxy form should include the shareholder's contact details and the contact details of the brokerage firm representative who authenticated the proxy. The form is a guide, and the principal can set the powers and limitations of the proxy, ensuring the signature matches the authenticated one. For further information, contact details are provided: phone number 9714 6051180, mobile 050 1833670, and email alia@alliance-uae.com.
The Annual General Assembly meeting of Ajman Bank was held on March 3, 2026, both in person and electronically. The meeting resulted in several approvals: the Board of Directors' report on the bank's activities and financial position for the year ending December 31, 2025; the external auditor's report; the Internal Shari’ah Supervisory Committee's report; the bank's balance sheet and profit and loss account; a proposal to distribute cash dividends at 9.18% of the capital; the remuneration for the Board of Directors and fees for attending meetings; the Board’s remuneration policy; discharging the Board and external auditors from liability for the past financial year; appointing members of the Internal Shari’ah Supervisory Committee; and appointing Deloitte as external auditors for 2026. A special resolution was also passed to update the bank’s USD 1.5 billion Sukuk Issuance Programme, including the issuance of sukuk that are non-convertible into shares and rank pari passu or subordinate to the bank's senior debt.
The Board of Directors of Emirates Central Cooling Systems Corporation PJSC (Empower) invites shareholders to the annual general meeting on March 26, 2026, at 11:00 am, both physically at Kempinski The Boulevard Dubai Hotel and electronically. The agenda includes approving the appointment of the meeting secretary and vote collector, reviewing and approving the Board and auditor reports, consolidated financial statements, and a cash dividend distribution. Other items include authorizing interim cash dividends for 2026, approving Board remuneration, discharging Board and auditors from liability, approving variations in audit fees, appointing auditors for 2026, and determining their remuneration. Shareholders can attend or delegate a proxy and must register by March 23, 2026. The meeting requires a quorum of at least 50% share capital representation. If not met, a second meeting is scheduled for April 2, 2026. Shareholders registered by March 25, 2026, can vote, and those holding shares by April 6, 2026, are entitled to dividends. Financial statements and governance reports are available on the DFM and Empower websites.
The Dubai Taxi Company P.J.S.C. has received approval from the Securities and Commodities Authority to publish the invitation for its Annual General Meeting (AGM). The meeting is scheduled for April 7, 2026, at 3:00 pm at the Holiday Inn, Dubai Festival City, with an option for electronic participation. The invitation, including the meeting agenda and notes, will be published in two daily newspapers, in both Arabic and English, in accordance with regulatory requirements. The notification is addressed to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, and is signed by Vicken Khochafian, Board Secretary and Governance Director. A copy of the notification is also sent to the Securities and Commodities Authority.
On March 3, 2026, Dubai Financial Market was notified of a leadership change at Dubai Electricity and Water Authority PJSC (DEWA). Mr. Ranganathan Sundar has been appointed as the new Chief Financial Officer, effective March 2, 2026. Previously, he was the Vice President of Corporate Finance & Group Tax at DEWA. Mr. Thomas Varghese, the former Chief Financial Officer, is retiring but will continue as a Financial Advisor from March 2, 2026, to April 17, 2026. The notification was issued by Aakash Nijhawan, Group Head of Investor Relations at DEWA.
Dubai Financial Market (DFM) has announced the opening of nominations for its Board of Directors. The nomination period will start on March 3, 2026, and end on March 12, 2026. Shareholders who meet the eligibility criteria can submit their applications either at the company's main office located at the Dubai World Trade Centre or online through the Dubai Financial Market platform. Each application must include a brief profile of the nominee, indicating whether the nomination is for an executive, non-executive, or independent position. There are nine board seats available for nomination. The nomination period will last for ten days, in accordance with the relevant governance guidelines.
The Board of Directors of Dubai Financial Market Company invites shareholders to attend the Annual General Assembly Meeting on Wednesday, 25 March 2026, at 3:00 PM. The meeting will be held both in person at the Trading Hall, Dubai Financial Market, Dubai World Trade Center, and electronically. The agenda includes reviewing and approving the Board of Directors’ report, the external auditor’s report, and the Fatwa and Sharia Supervisory Board’s report for the financial year ending 31 December 2025. The meeting will also address the company's balance sheet and profit and loss account, appoint the Fatwa and Sharia Supervisory Board for 2026, consider a cash dividend distribution of 6.5% of the share capital, approve directors' remuneration, and discharge or terminate the Board of Directors from liabilities for the financial year ended 31 December 2025, with consideration for any necessary legal actions.