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The headquarters of Al Firdous (P.J.S.C.), located in Dubai, UAE, announced that a Board of Directors meeting will be held on June 12, 2025, at 3:00 PM. The agenda includes discussing and approving the financial report for the fiscal year ending March 31, 2025, considering the Nominations and Bonuses Committee's recommendation not to distribute meeting attendance allowances to Board members, and authorizing Sheikh Khaled Zayed S. Al Nahyan, the Chairman, to initiate the necessary steps to convene the General Assembly meeting. The announcement is addressed to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, with a copy sent to the Securities and Commodities Authority.
Ahmad Bin Shafar, CEO of Emirates Central Cooling Systems Corporation (Empower), has retained his position as Member Emeritus on the Board of Directors of the International District Energy Association (IDEA) for the seventh consecutive term. This role highlights his contributions to the district cooling industry and his efforts in promoting UAE's sustainable cooling solutions globally. Bin Shafar's leadership has been pivotal in advancing industry efficiency and sustainability, influencing policy, and fostering international collaboration. He expressed his commitment to enhancing the region's role in energy efficiency and sustainable cooling. This announcement aligns with the increasing global demand for energy-saving cooling solutions due to climate change. The IDEA, based in the United States, includes a diverse group of global members and promotes the adoption of district cooling and heating systems for sustainable urban development.
Shuaa Capital PSC, a licensed financial investment company regulated by the Securities and Commodities Authority under license number 630307 and commercial license number 200219, has announced that its Board of Directors will pass resolutions on Monday, June 9, 2025. The agenda includes the election of a Vice Chairman of the Board and other matters related to the company's operations. This information was addressed to Mr. Hamid Ahmed Ali, CEO of the Dubai Financial Market.
ONE App, powered by Al Salam Bank, has launched a new digital personal finance service in Bahrain, allowing employees to apply for financing of up to BD 40,000 with a repayment period of up to seven years and an APR starting at 4.99%. The service requires salary assignment and offers a fully digital application process with instant approval, eliminating the need to visit a branch. This initiative aims to enhance user experience by providing flexible and efficient financing options. ONE App is committed to delivering innovative banking solutions that cater to the digital generation, focusing on digital financial inclusion and user-friendly services.