Latest Threads
Check out what has been happening in the community
Check out what has been happening in the community
GFH Financial Group B.S.C. has announced a name change to GFH Bank B.S.C. The trading code "GFH" will remain unchanged. This change will be effective in all markets starting from May 6, 2026. The information was disclosed by Mariam Jowhary, Head of Compliance & AML.
The Dubai Financial Market (DFM) reported a robust performance in the first quarter of 2026, with a significant increase in trading activity and investor participation. The Average Daily Trading Value (ADTV) rose by 56% year-on-year to AED 1.03 billion, while the total traded value increased by 48% to AED 61 billion. Net profit before tax grew by 43% to AED 193.3 million, and total consolidated revenue increased by 36% to AED 253.1 million. DFM attracted 20,702 new investors, with international investors comprising 79% of new registrations. Institutional investors accounted for 70% of total trading value, and foreign investors contributed 54%. Market capitalization reached AED 897 billion by the end of March 2026. The results highlight DFM's appeal to international capital and the strength of Dubai's capital markets.
On April 30, 2026, the Board of Directors of the Islamic Arab Insurance Company (SALAMA) passed resolutions by circulation concerning the company's business. This information was addressed to H.E. Waleed Saeed Abdul Salam Al Awadhi, CEO of the Capital Market Authority in Abu Dhabi, and Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market. The notice was signed by Ahmad Abdelrahim, Senior Manager of Legal & Compliance.
SHUAA Capital p.s.c., a financial investment company based in Dubai, held its Annual General Meeting on April 30, 2026, at its premises in Al Khatem Tower, Abu Dhabi. The meeting was chaired by Mr. Badr Al-Olama, Chairman of the Board of Directors. The attendance quorum was 8.336% of the company's share capital, with participation distributed among in-person, remote, original investor, and proxy attendance. During the meeting, shareholders approved the Board of Directors' report and the auditor's report for the financial year ending December 31, 2025.
On 30 April 2026, Takaful Emarat Insurance PSC held a General Assembly meeting at Jumeirah Nassim Hotel and online from 11:00 AM to 12:00 PM, chaired by Dr. Nouraldeen Subhi Atatreh. The meeting achieved a quorum with a 56.36% attendance rate, including 3.55% personal attendance and 52.81% proxy attendance. The assembly approved several items: the Board of Directors' report on the company's activities and financial position for the year ending 31 December 2025, the auditor's report, the consolidated financial statements, the Internal Shariah Supervisory Committee report, and the Board's recommendation not to distribute dividends. Additionally, the Board's recommendation on remuneration for the financial year was approved.
The text summarizes the outcomes of the General Assembly Meeting for Orient Takaful PJSC held on April 30, 2026. The meeting, chaired by Mr. Ismail Hassan Ali Elkhatib, took place at the Al Futtaim Building in Dubai and via video conference. It achieved a quorum of 95.7757% through proxies, with no personal attendance or electronic voting. The assembly reviewed and approved the Directors' and Auditors' reports, the company's balance sheet, and the profit and loss account for the financial year ending December 31, 2025. It also approved the Board's recommendation not to distribute dividends for that year. Additionally, the report of the Internal Shariah Supervisory Committee was reviewed and approved, and the committee's members for 2026 were appointed. Orient Takaful PJSC is a subsidiary of Orient Insurance PJSC.