Latest Threads

On January 3, 2025, the Board of Directors of Amlak Finance PJSC passed resolutions by circulation concerning regular internal matters. This information was communicated to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, by Lama Takieddin, Head of Corporate Governance and Company Secretary. A copy was also sent to the Securities & Commodities Authority.

Dubai Taxi Company PJSC has announced its corporate strategy for 2025-2029, focusing on innovation and growth. The company aims to maintain its leadership in the taxi market while expanding into limousine services and delivery, targeting new markets in the UAE and the region. The strategy includes a new vision to be the preferred mobility choice, emphasizing digital and safe mobility services that cater to convenience, connectivity, and sustainability. Chairman Abdul Mohsen Ibrahim Kalbat highlighted the company's transformation into a public joint stock company and its commitment to sustainable growth and strategic partnerships to support Dubai's vision for a smart and sustainable future.

The text outlines a set of commitments and declarations made by an individual or entity in relation to their role and responsibilities, likely within a financial or corporate governance context. These commitments include maintaining integrity and transparency, avoiding conflicts of interest, ensuring independence in decision-making, dedicating sufficient time and effort to responsibilities, and complying with relevant laws and regulations. Additionally, the text emphasizes the importance of notifying relevant authorities about any changes in position or resignation.

BHM Capital Financial Services P.S.C, a private joint stock company regulated by the SCA, held an online General Assembly meeting on Tuesday, December 31, 2024, from 11:00 AM to 12:00 PM. The meeting, chaired by Mr. Alhur Mohammed Hamad Alsuwaidi, had an attendance quorum of 84.93%, with 6.84% attending personally and 78.08% by proxy, all through electronic voting. The assembly approved the resignation and discharge of the Board of Directors from liability, passed a special resolution to amend the company's Articles of Association to increase the number of board members from five to seven, and elected new board members to complete the term of the resigned board.

Gulf Navigation Holding PJSC has received approval from the Securities and Commodities Authority to amend certain agenda items for their upcoming General Assembly meeting. The meeting will be held both physically at the Novotel Hotel in Dubai and electronically on January 2, 2025. The revised agenda includes reviewing the acquisition transaction details involving a capital increase through converting mandatory convertible bonds into shares for acquiring companies and assets owned by Brooge Energy Limited. It also involves considering and approving a valuation report by an independent valuer and the Board of Directors' report, which justifies the acquisition and outlines the payment of the transaction price through issuing new shares to Brooge Energy Limited, valued at approximately AED 448,551,845.

On December 31, 2024, a communication was issued regarding a resolution passed by the Board of Directors of the Dubai Financial Market (PJSC) by circulation, addressing an internal matter of the company. This follows a previous disclosure made by the company on December 26, 2024.

GFH Financial Group B.S.C. announced that its global asset management arm, GFH Partners Limited, based in the Dubai International Financial Centre, has made a strategic investment in Manrre REIT. Manrre is a prominent Dubai-based fund focusing on institutional-grade logistics and industrial assets across the UAE and the GCC region. This investment is anticipated to have a positive impact on GFH Financial Group's financial statements and is expected to increase the Group's returns. The announcement was made by Mariam Jowhary, Head of Compliance and AML.