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The Air Arabia Annual General Meeting (AGM) was held today at 3:00 PM as previously announced. During the meeting, the AGM approved a cash dividend distribution of 25% of the capital, equivalent to 25 Fils per share.
BHM Capital Financial Services P.S.C, a private joint stock company regulated by the Securities and Commodities Authority (SCA) in Dubai, UAE, has announced the termination of its liquidity provision agreement with GFH Financial Group B.S.C. for shares on the Dubai Financial Market and the Abu Dhabi Securities Exchange. This termination is effective from April 18, 2025. The decision follows GFH's announcement on February 16, 2025, to suspend liquidity provision activities and resume treasury share buyback programs. The notification was submitted through the EFSAH electronic disclosure system and addressed to Mr. Hamed Ahmad Ali, the CEO of the Dubai Financial Market. The letter is signed by Abdel Hadi Al Sa’di, the CEO of BHM Capital.
The Board of Directors of Dubai Insurance Company invites shareholders to the Annual General Assembly meeting on Wednesday, April 9, 2025, at 11:00 AM, either at the company headquarters or via remote video technology. The agenda includes reviewing and approving the Board of Directors' and Auditor's reports, discussing the company's financial statements for 2024, considering proposals for cash dividends and board member remuneration, discharging or taking action against board members and auditors, appointing auditors for 2025, and approving the appointment of a new independent board member, subject to regulatory approval. Shareholders may delegate their attendance rights to others, excluding board members, through a special written authorization.
The document is a proxy authorization for attending the General Assembly Meeting of Dubai Financial Market (PJSC). It includes fields for the investor number and number of shares, and allows the shareholder(s) to authorize a representative to attend the meeting on their behalf. The meeting is scheduled for 3:00 pm on Monday, April 7, 2025, at the Dubai Financial Market's Trading Hall and online. The proxy holder is granted the right to vote on all matters at the meeting, whether it occurs as scheduled or is postponed. The document requires the signature and contact details of the authority approving the proxy.
On 17 March 2025, a communication was addressed to H.E. Waleed Al Awadhi, CEO of the Securities & Commodities Authority in Abu Dhabi, and H.E. Hamed Ahmad Ali, CEO of the Dubai Financial Market, regarding a long-term concession agreement for the Palm Jebel Ali development project. Tabreed has entered into an agreement to provide district cooling services exclusively for this project in Dubai. The agreement will be executed through a joint venture between Tabreed and Dubai Holding, with shares distributed as 51% for Tabreed and 49% for Dubai Holding. The project will be implemented in multiple phases with a total cooling requirement of approximately 250,000 refrigeration tons. The letter was signed by Sean Magee, Board Secretary.