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On 21 January 2026, the Board of Directors of Gulf Navigation Holding PJSC held a meeting where they resolved to convert 603,540,729 Mandatory Convertible Bonds into the same number of shares. This conversion will increase the company's share capital from AED 2,586,713,159 to AED 3,190,253,888, subject to approval from the Capital Market Authority and completion of necessary procedures with regulatory authorities. Additionally, the Board approved regular matters and any other business of the company.
The document is a set of FAQs regarding a voluntary conditional cash offer made by Al Wafir for Marketing Services K.S.C.C., a company based in Kuwait, to acquire up to 51% of the shares of UNIKAI FOODS PJSC. The offer is priced at AED 6.60 per share, which is a 7.84% premium over the last closing share price of AED 6.12 as of January 14, 2026. The offer is contingent on receiving valid acceptances for at least 50% plus one share of UNIKAI's issued share capital. If more than 51% of shares are tendered, acceptances will be scaled back on a pro rata basis. The offer will lapse if the minimum acceptance threshold is not met. Al Wafir's strategic rationale for the offer includes leveraging its expertise to lead UNIKAI through a transformation, modernizing operations, and supporting long-term growth.
On January 21, 2026, a notification was issued regarding a Circular Resolution by the Board of Directors of the National Central Cooling Company PJSC ("Tabreed"). This resolution, in accordance with Article 36/7 of the Disclosure and Transparency Regulations Number 3 for the Year 2000 (as amended), announced the appointment of Dr. Yousif Al Hammadi as the interim Chief Executive Officer of Tabreed until further notice. The communication was 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. The letter was signed by Sean Magee, the Company Secretary.
The Commercial Bank of Dubai PSC, licensed by the Central Bank of the UAE, held a Board of Directors meeting on January 21, 2026. The meeting approved the minutes from the previous meeting on December 10, 2025, and the financial statements for the year ending December 31, 2025. The annual general assembly meeting for the bank's shareholders is scheduled for February 25, 2026, at the bank's head office in Dubai, with an option to attend virtually. The agenda includes the approval of a cash dividend distribution of 50% of the net profit for 2025, equivalent to 58.62% of the paid-up capital as of December 31, 2025, totaling AED 1,749,919,520.50. The meeting's outcomes are subject to necessary approvals from various authorities.