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The Board of Directors of Al Sagr National Insurance Company (P.S.C.) will hold a meeting by circulation on Thursday, 16 July 2026. The agenda includes considering proposed changes to the company's executive management and deciding on the appointment of a Board Secretary. Other topics may also arise for discussion. The notification is addressed to Hamed Ahmed Ali, CEO of the Dubai Financial Market, with a copy sent to the Capital Market Authority.
Nasdaq Dubai has announced the listing of Ajman Bank's USD 300 million Additional Tier 1 Perpetual Sukuk, marking the bank's first capital securities transaction. Structured under a Mudaraba arrangement, the Sukuk carries a profit rate of 6.50% and is aimed at strengthening Ajman Bank's regulatory capital base and diversifying its funding sources. The issuance saw strong demand, with an orderbook exceeding USD 500 million, indicating 1.7 times oversubscription. Most of the Sukuk was allocated to investors in the MENA region, with the rest distributed to investors in the UK, Europe, and Asia. The listing ceremony was attended by Ajman Bank's CEO Mustafa Al Khalfawi and Nasdaq Dubai's CEO Hamed Ali. Ajman Bank now has USD 800 million in Sukuk listed on Nasdaq Dubai, contributing to the exchange's total of USD 98 billion in outstanding Sukuk and USD 140 billion in total outstanding debt securities.
The document is a formal communication dated 14 July 2026, from Imran Ali Lashari Ali Asghar Lashari of Al Firdous Holdings, addressed to Mr. Hamed Ahmed Ali, the CEO of the Dubai Financial Market. The subject of the letter is the announcement of the list of candidates for the membership of the Board of Directors of Al Firdous PJSC. The letter confirms the receipt of complete nomination applications from the candidates listed. The candidates and their nomination capacities are as follows: 1. Saeed Khalifa Al Rumaithi - Non-Executive/Non-Independent 2. Hamda Khaled Bin Zayed - Non-Executive/Independent 3. Adel Ahmed Khalifa Mohammed Al Falasi - Non-Executive/Independent 4. Sheikh Midhat Kamil Kidwai - Non-Executive/Independent 5. Khalifa Khaled Bin Zayed Al Nahyan - Non-Executive/Independent 6. Mohamed Bahaa Al Qaser - Non-Executive/Independent 7. Khaled Bin Zayed Bin Saqr Al Nahyan - Non-Executive/Non-Independent 8. Ahmed Atheeq Muhammed Izzath - Non-Executive/Independent The letter is signed by the Chairman of the Board, Shk. Khaled Bin Zayed S. Al Nahyan.
A notification has been issued regarding the upcoming meeting of the Ajman Bank Board of Directors. The meeting is scheduled for Thursday, July 23, 2026, at 10:00 AM. The agenda includes the ratification of the minutes from the previous meeting, discussion and approval of the financial statements for the second quarter of 2026, and follow-up on the bank's routine activities. The notification is signed by Badreldin Eltahir Elmogadam, the General Counsel and Board of Directors’ Secretary.
Emirates Central Cooling Systems Corporation (Empower), the largest provider of district cooling services globally, has entered into an agreement with Binghatti Developers to supply cooling services to the 'Mercedes-Benz Places | Binghatti City' project in Meydan, Dubai, with a total capacity of 37,000 refrigeration tons. This agreement, signed by Empower CEO Ahmad Bin Shafar and Binghatti Holding Chairman Muhammad Binghatti, is a significant step in Empower's expansion strategy, reflecting its commitment to supporting major real estate developments in Dubai. The deal highlights developers' trust in Empower's sustainable cooling solutions, which contribute to reducing carbon emissions and enhancing resource efficiency. It also underscores Empower's strong market position and ability to expand through innovative and modern operational models. The 'Mercedes-Benz Places | Binghatti City' project is a major development in Dubai's real estate sector, featuring 12 architecturally integrated towers and offering a premium living experience inspired by Mercedes-Benz's design language. The project aims to set a new standard in urban living, supporting Dubai's long-term development and sustainability goals.
Salik Company PJSC and Shamal Holding have signed a Memorandum of Understanding to implement seamless parking payments at the new Harbour West Car Park in Dubai Harbour, effective from July 13, 2026. The nine-storey facility will offer 845 parking spaces and aims to enhance access and connectivity to Dubai Harbour. Salik, in collaboration with Parkonic, will enable visitors to pay parking fees through their Salik accounts, eliminating the need for traditional payment methods. This integration is expected to improve traffic flow, reduce travel times, and enhance the overall visitor experience. The facility will serve Dubai Harbour and nearby areas, addressing the increasing parking demand in the region.