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Drake & Scull International PJSC announced to its shareholders that the Dubai Court of Cassation has rejected all appeals against a prior appellate judgment in the company's favor. The judgment requires Khaldoun Rashid Tabari, the former CEO of Drake & Scull, and Saleh Muradweij to jointly pay AED 151,979,857 as compensation for damages to the company. Additionally, they are required to pay legal interest at a rate of 5% from the date the judgment becomes final until full payment is made. With the rejection of the appeals, the judgment is now final and binding.

Sukoon Insurance PJSC has announced a Board of Directors meeting scheduled for January 17, 2025, at 9:00 AM. The meeting will take place at the company's head office in Deira, Dubai, and will also be accessible via the Teams platform. The agenda includes reviewing the draft external audit report and annual financial statements for the fiscal year ending December 31, 2024, approving the budget for 2025, the reinsurance plan, and setting the date for the General Assembly Meeting, pending approval from the Central Bank and the Securities and Commodities Authority. General business matters will also be discussed. The notification was sent by Louise O’Donnell, Board Secretary, with a copy to Mrs. Maryam Butti Al Suwaidi, Deputy CEO of the Securities and Commodities Authority.

BHM Capital, a prominent financial institution in the UAE, organized a comprehensive training day for finance and economics students from the University of Sharjah. The event aimed to enhance students' knowledge and skills in the financial markets and introduce them to career opportunities in the sector. Held at BHM Capital's Dubai headquarters, the training included lectures, workshops, and a guided tour of the company's offices. Alaa Dwekat, Deputy CEO of BHM Capital, highlighted the company's commitment to supporting economic growth and enhancing students' academic experiences, aiming to prepare them as future leaders in the financial services sector.

A board meeting for Takaful Emarat Insurance PSC is scheduled to take place on Thursday, 16 January 2025, at 3:30 PM. The meeting will discuss business updates and other matters. The announcement is authorized by Adnan Sabaalaish, the Acting Chief Executive Officer, and was signed on 13 January 2025.

Shuaa Capital PSC, a licensed financial investment company regulated by the Securities and Commodities Authority under license number 630307, has announced the resignation of its Chief Financial Officer, Mr. Adnan Noor, due to personal reasons. He will remain with the company for one month to ensure a smooth transition. Shuaa Capital is in the process of appointing a new Chief Financial Officer, expected to occur after the completion of the convertible bond issuance scheduled for next month. The announcement was addressed to Mr. Hamid Ahmed Ali, CEO of the Dubai Financial Market.