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GFH Financial Group B.S.C. announced that it has signed a non-binding Memorandum of Understanding with Al Khaleej Training and Education Company, which is listed on the Saudi Stock Exchange (Tadawul). The agreement aims to explore a potential merger of their educational assets, comprising 23 schools and a university, through a complete exchange of in-kind shares. The goal is to establish a new entity, either a Saudi joint-stock company or an educational fund, to be listed on the Saudi Stock Exchange within 24 to 36 months after the transaction's completion, pending regulatory approvals. The transaction is expected to positively impact the value of the merged assets and the group's investment value. There are no previous relevant disclosures. The announcement was signed by Mariam Jowhary, Head of Compliance & AML.
Emirates Central Cooling Systems Corporation PJSC (Empower), the largest provider of district cooling services globally, has significantly increased its connected capacity in Dubai from 5,400 refrigeration tons in 2004 to 1.7 million refrigeration tons by the end of 2025. This growth of 315 times over two decades highlights Empower's prominence in the industry. The expansion aligns with Empower's strategic vision to provide sustainable and efficient cooling solutions that support Dubai's urban and economic development. Empower's projects, including the Business Bay district cooling project, which holds two Guinness World Records, demonstrate its role in serving key residential and commercial areas with environmentally friendly cooling services. CEO Ahmad Bin Shafar emphasized the company's commitment to innovation, strategic expansion, and advanced technology investments. Empower aims to continue its growth in line with Dubai's future vision, supporting sustainability and energy efficiency goals.
Takaful Emarat Insurance (P.S.C) is a public shareholding company based in Dubai, United Arab Emirates, registered under Federal Law No. 48 of 2023. The company is listed in the insurance companies register with number 86, dated October 14, 2008. The Chief Executive Officer is H.E. Waleed Saeed Al Awadhi. A board meeting is scheduled for Thursday, January 22, 2026, at 11:00 AM to discuss business updates and other matters. The authorized signatory for the company is Adnan Sabaalaish.
Al Salam Bank is celebrating its 20th anniversary, marking two decades of growth and leadership in Bahrain's banking sector. Since its founding in 2006, the bank has evolved into Bahrain's largest and fastest-growing bank, driven by strategic planning and a focus on client trust and shareholder alignment. The bank's journey began with a record-breaking IPO in 2006, and it has maintained profitability and liquidity through various economic cycles, including the 2008 financial crisis. Al Salam Bank has executed several major acquisitions, enhancing its position in the sector. In 2018, the bank embarked on a transformation strategy centered on market consolidation, digital scalability, and asset diversification, leading to significant growth in assets, market capitalization, and profitability. The bank has also focused on digital transformation and organizational culture, tripling its workforce and redesigning client experiences. Group CEO Rafik Nayed emphasized the bank's commitment to sustainable growth and innovation while maintaining its core values.
The Commercial Bank of Dubai (CBD) will hold an Earnings Call Meeting on Thursday, January 22, 2026, at 4:00 p.m. to discuss the financial results for the quarter ending December 31, 2025. Further details can be found on CBD's Investor Relations website. This meeting is addressed to Mr. Hamed Ahmad Ali, CEO of the Dubai Financial Market, and is copied to the Securities and Commodities Authority. The letter is signed by Mr. Ahmed Ali Al Jaziri, Board Secretary.
The Board of Directors of Gulf Navigation Holding PJSC will hold a meeting on Wednesday, 21 January 2026, at 10:00 am. The agenda includes considering the approval to convert a number of mandatory convertible bonds into shares, contingent upon the approval of the Capital Market Authority, as well as addressing regular matters and any other business of the company. The notification is signed by Alvaro Benevides, the Board Secretary of Gulf Navigation Holding PJSC.
GFH Financial Group B.S.C. announced the purchase of 323,917 treasury shares, increasing its total treasury shares from 378,031,527 (representing 9.864% of the total issued shares) to 378,355,444 (representing 9.872% of the total issued shares) as of January 16, 2026. The decision to purchase was made by the company's board of directors on March 2, 2025, and received authority approval on October 20, 2025. The average purchase price was 0.580, with the purchased shares representing 0.008% of the issued capital. There are 4,903,939 shares remaining available for purchase. The announcement was signed by Mariam Jowhary, Head of Compliance & AML.
The document is a notification addressed to H.E. Waleed Saeed Abdul Salam Al Awadhi, CEO of the Securities & Commodities Authority in Abu Dhabi, and Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market. It informs them about a Circular Resolution to be distributed to the Board of Directors of the National Central Cooling Company PJSC. This resolution, in accordance with Article 36/11 of the Disclosure and Transparency Regulations, will be discussed on 21 January 2026 at 10 am, focusing on the management of the company.