Latest Threads
Check out what has been happening in the community
Check out what has been happening in the community
GFH Financial Group B.S.C. announced that it has acquired a 60% majority stake in Byrne Equipment Rental LLC, a leading industrial services and equipment rental provider in the GCC. This acquisition is part of an investment and capital expenditure program valued at approximately $400 million. The investment is expected to have a positive impact on GFH's financials and increase the Group's returns. For more details, refer to the attached release. The announcement was made by Mariam Jowhary, Head of Compliance & AML.
Salik, Dubai's toll gate operator, has updated its Concession Agreement with the RTA to shift from a fixed to a variable pricing model, following Executive Council Decision Number 1 of 2025. This change introduces a dynamic inflation protection mechanism, enhancing financial transparency for investors. Previously, a fixed rate of AED 4 per trip was used, but the new model employs a blended tariff based on actual traffic data, with charges of AED 6 during peak, AED 4 during off-peak, and AED 0 past midnight, excluding discounted trips. Adjustments will be made annually based on real data and the CPI index, effective January 1st each year. The concession fee will remain between 15% and 25%, providing stability and aiding financial planning. This update aims to create a more predictable revenue model, boosting investor confidence and reflecting Salik's commitment to sustainable financial practices.
Mashreq Bank PJSC held a Board of Directors meeting on February 2, 2026, at 10:00 am. The meeting covered and approved several agenda items, including the minutes of the previous meeting held on January 21, 2026, the financial statements for the year ending December 31, 2025, and the agenda for the Annual General Assembly meeting scheduled for March 10, 2026. Other topics related to the bank's business and activities were also discussed. The communication was signed by Shaima Al Obeidli, Head of Corporate Governance & Group Company Secretary, and a copy was sent to the Securities & Commodities Authority.
The document is the annual report and consolidated financial statements of Mashreqbank PSC Group for the year ending December 31, 2025.
On 2 February 2026, Amlak Finance PJSC's Board of Directors passed resolutions by circulation concerning regular and internal matters. The communication was addressed to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, and was sent by Lama Takieddin, Head of Corporate Governance and Board Secretary. A copy was also sent to the Securities & Commodities Authority.
BHM Capital, a leading financial institution in the UAE, has launched its market making and brokerage operations on the Muscat Stock Exchange (MSX) after meeting all necessary regulatory and operational requirements set by Oman’s Financial Services Authority. This move is aimed at enhancing liquidity, price discovery, and trading efficiency on the MSX, while providing investors with regulated access to the Omani market. This development is part of BHM Capital’s strategy to expand regionally, particularly through the Tabadul Hub initiative led by the Abu Dhabi Securities Exchange, which promotes cross-market connectivity. CEO Abdel Hadi Al Sa’di emphasized the significance of this milestone for BHM Capital and expressed gratitude to the collaborating exchanges and Tabadul Hub for their support. BHM Capital aims to leverage its trading infrastructure and market expertise to support market stability and investor confidence, while continuing to expand its market making and brokerage services across the GCC region.
The weekly summary for DFM Regulated Short Sell Transactions covers the period from January 26 to January 30, 2026. During this time, Emirates NBD PJSC had a short sell trade volume of 100,020 with a trade value of AED 3,084,617.50, while Parkin Company PJSC recorded a trade volume of 50 with a trade value of AED 305.00. For more details on Regulated Short Selling (RSS), refer to the DFM Market Rules and Operational Model documents available on their website. The announcement is also accessible on the DFM website. The document includes a disclaimer noting that the information is subject to change and that DFM is not liable for any losses incurred from using the data.