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GFH Financial Group B.S.C. announced the purchase of 2,095,936 treasury shares, increasing its total treasury shares from 346,267,303 (9.03% of total issued shares) to 348,363,239 (9.09% of total issued shares) as of March 21, 2025. The decision to purchase was made by the company's board of directors on March 24, 2024, and approved by the authority on February 16, 2025. The average purchase price was USD 0.31, and 34,896,144 shares remain available for purchase. The announcement was made by Mariam Jowhary, Head of Compliance & AML.
Watania International Holding (PJSC) reported a net profit of AED 13.3 million for the year ending December 31, 2024, despite experiencing one-off losses in its General line of business due to April rains and a higher loss ratio in Motor. No new securities were issued during this period. The company appointed Al Ramz Capital as a liquidity provider to enhance share trading by improving the order book, reducing trading spreads, and minimizing price volatility. Additionally, the company approved new Board of Directors for its subsidiaries, Watania Takaful General PJSC and Watania Takaful Family PJSC, in Q3 2024. New members were also appointed to the Internal Shari’ah Supervision Committee. WIH continued to engage in community support through campaigns focused on road safety, blood donation, and health awareness, and launched an Emiratization campaign to attract young graduates to the Takaful sector.
Shareholders are informed about the delegation process for attending the General Assembly as per the Corporate Governance Manual. Shareholders can delegate a representative, who is not a board member or company staff, to attend and vote on their behalf. This delegation must be in writing, and the representative cannot hold more than 5% of the company's issued capital through such delegations. Individuals lacking legal capacity must be represented by their legal representatives. The shareholder's signature on the power of attorney must be verified by approved entities such as a notary public, commercial chamber, licensed bank, financial market, or other authorized bodies. The proxy form must include the shareholder's and the approving authority's contact details. Shareholders can appoint a proxy to represent and vote on their behalf at the Annual General Assembly Meeting. For further information, contact details are provided.
Al Ramz Corporation Investment and Development PJSC invites its shareholders to the Annual General Assembly Meeting on 15 April 2025, at 2:00 PM, either in-person at their Abu Dhabi headquarters or virtually. The agenda includes approving the appointment of the meeting secretary, reviewing and approving the Board and Auditor’s reports, discussing financial statements, and deciding on cash dividend distributions. Shareholders will also vote on the Board's remuneration and the discharge or removal of Board members and auditors. Proxies can be appointed under certain conditions, and registration for electronic attendance and voting is required. Shareholders will receive invitations via SMS and email, with proxy and registration details available online.