Latest Threads on News from companies

The letter informs Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, about a scheduled Board of Directors meeting for Taaleem Holdings PJSC. The meeting will take place on Thursday, January 9, 2025, at 3:00 pm at the company's office and via remote attendance. The agenda includes considering and approving the interim condensed consolidated financial statements for the three-month period ending November 30, 2024, discussing routine business issues, following up on company activities, and addressing any other matters with the Chairman's permission. The letter is signed by Alan Williamson, CEO of Taaleem Holdings PJSC, with a copy sent to the Securities and Commodities Authority.

Air Arabia has announced that a board of directors meeting is scheduled for Monday, January 13, 2025, at 3:00 PM. The meeting will focus on discussing the company's budget for the year 2025.

Arcapita and DgPays Consortium have completed a $385 million acquisition of a majority stake in NEOPAY from Mashreq. Mashreq, a prominent financial institution in the MENA region, retains a significant minority stake in NEOPAY to support its growth. This strategic partnership aims to expand NEOPAY's operations, enter new markets, and enhance its services in the Middle East. NEOPAY, a leader in digital payments, processes over $30 billion annually and offers various services, including merchant acquiring and payment processing. Mashreq, known for its innovative banking solutions, continues to focus on customer success and growth, maintaining its headquarters in the Middle East.

Mashreqbank PSC has announced the completion of a transaction involving the sale of 65% of its interests in IDFAA Payment Services LLC. This sale was made to a consortium consisting of Arcapita Group Holdings Limited and Dgpays S.a.r.l. The transaction, which was initially disclosed on September 13, 2024, was finalized on January 6, 2025. The announcement was made by Shaima Al Obeidli, Head of Corporate Governance & Group Company Secretary, on behalf of Mashreqbank.

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.