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Dubai Financial Market News

News Update From Dubai Electricity & Water Authority PJSC

Disclosure: BOD meeting

A notification has been issued regarding a meeting of the Board of Directors of Dubai Electricity and Water Authority PJSC (DEWA). The meeting is scheduled to take place on Wednesday, April 16, 2025, at 9:00 AM. The notice is addressed to Mr. Hamed Ahmed Ali, the Chief Executive Officer of Dubai Financial Market, and is signed by Aakash Nijhawan, the Group Head of Investor Relations at DEWA.

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Dubai Financial Market News

News Update From Ithmaar Holding B.S.C

Disclosure: Disclosure of Initiative to Improve the Capital Position

Ithmaar Holding B.S.C. has announced that its Board of Directors is collaborating with the major shareholder to develop a plan aimed at improving the company's capital position. This plan may involve a capital injection or other measures and is subject to further review and necessary regulatory approvals. Additional details and the expected financial impact will be disclosed in due course.

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Dubai Financial Market News

News Update From Union Coop

Disclosure: Notification from the company

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Dubai Financial Market News

News Update From Dubai Taxi Company PJSC

Disclosure: Results of Board Decisions by Passing

On April 10, 2025, the Board of Directors of Dubai Taxi Company P.J.S.C. issued a Board Resolution by Circulation to approve certain internal matters related to the company's business operations. The communication was addressed to Mr. Hamed Ahmed Ali, the Chief Executive Officer of the Dubai Financial Market. The notice was sent by Vicken Khochafian, the Board Secretary and Governance Director, with a copy also sent to the Securities and Commodities Authority.

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Dubai Financial Market News

News Update From GFH Financial Group B.S.C.

Disclosure: Post share buyback announcement

GFH Financial Group announced that it has purchased 183,364 of its treasury shares, increasing its total treasury shares from 186,456,500 to 186,639,864, which still represents 4.87% of the total issued shares as of April 10, 2025. The decision to purchase these shares was made during a board meeting on March 24, 2025, and was approved by the relevant authority on February 16, 2025. The average purchase price was 0.2920 USD per share, and the purchased shares account for 0.005% of the issued capital. There remain 196,619,519 shares available for future purchase. The announcement was made by Mariam Jowhary, Head of Compliance & AML.

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Dubai Financial Market News

News Update From BHM Capital Financial Services PSC

Disclosure: Press release

BHM Capital Financial Services has been appointed as the liquidity provider for Alpha Data shares on the Abu Dhabi Securities Exchange (ADX). This partnership aims to enhance the liquidity of these shares, improve price stability, and facilitate efficient transactions for investors. BHM Capital will enter two-way daily quotes into the market's trading systems in line with ADX and UAE Securities and Commodities Authority regulations. Abdel Hadi Al Sa’di, CEO of BHM Capital, expressed pride in the appointment, emphasizing the company's commitment to improving market accessibility and fostering a dynamic and transparent marketplace. BHM Capital is a leading financial institution in the UAE, known for its advanced financial services and regional leadership.

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Dubai Financial Market News

News Update From Al Ansari Financial Services PJSC

Disclosure: Press release

Al Ansari Financial Services (AAFS) has completed its acquisition of BFC Group Holdings, becoming the largest non-banking financial services provider in the Gulf Cooperation Council (GCC) region by branch network. This $200 million transaction expands AAFS's presence in Bahrain, Kuwait, and India, increasing its customer base by 29% and branch network by 60%. The acquisition enhances AAFS's operational scale and geographic diversification, benefiting shareholders, customers, and employees. AAFS, known for its digital innovation, plans to extend its digital model to BFC Group entities, reinforcing its position as a digital-first player. The acquisition secures AAFS's market leadership in remittances and foreign exchange, strengthens its regional footprint, and complements its growth strategy with BFC's fintech expertise. The integration is expected to generate cost efficiencies and drive revenue growth.

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Dubai Financial Market News

News Update From Dubai Financial Market PJSC

DFM News: Resume trading on SALIK shares after disclosing the resolutions of its General Assembly
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Dubai Financial Market News

News Update From GFH Financial Group B.S.C.

Disclosure: Post share buyback announcement

GFH Financial Group has announced the purchase of 4,689,300 treasury shares, increasing its total treasury shares from 181,767,200 (4.74% of total issued shares) to 186,456,500 (4.87% of total issued shares) as of April 9, 2025. The decision to purchase was made during a board meeting on March 24, 2024, and approved by the relevant authority on February 16, 2025. The average purchase price was 0.2842 USD per share, representing 0.122% of the issued capital. There are 196,802,883 shares remaining for purchase. The announcement was signed by Mariam Jowhary, Head of Compliance & AML.

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Dubai Financial Market News

News Update From Salik Company PJSC

Disclosure: Resolutions of General Assembly

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