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Passavant Energy & Environment Ltd., a subsidiary of Drake and Scull International PJSC, has been awarded a contract worth approximately AED 169 million by Maharashtra Industrial Township Limited (MITL) to design, build, and maintain a 70 million liters per day water treatment plant and a 900 mm diameter water pipeline in AURIC Bidkin Industrial Area, Maharashtra, India. The contract includes a 10-year operation and maintenance period and was awarded through a competitive tender process. The project is expected to be completed within 36 months from the issuance of the official Letter of Award. CEO Muin El Saleh expressed pride in securing the project, highlighting the company's expertise in water treatment solutions and infrastructure development.

Shuaa Capital PSC is a licensed financial investment company regulated by the Securities and Commodities Authority under license number 630307 and commercial license number 200219. The company's headquarters is located at The H Hotel, Office Tower, 15th Floor, Office No. 1502, P.O. Box 54013, Dubai, United Arab Emirates. They can be contacted via phone at +971 (4) 330 3600 or fax at +971 (4) 330 3550.

Shuaa Capital PSC, a licensed financial investment company regulated by the Securities and Commodities Authority, has announced the signing of subscription agreements for new convertible bonds with related parties, totaling AED 85,000,000. The announcement follows a prior disclosure on March 12, 2025, regarding the board's approval of these agreements. The involved parties include Eshraq Investments PJSC, Al Baher Real Estate Development LLC, and United Motors & Heavy Equipment Co. LLC. The company confirmed that these agreements align with the board's decisions. After receiving final approval from the Securities and Commodities Authority on March 10, 2025, Shuaa issued the new convertible bonds on March 18, 2025.

The Chairman of the Board of Directors of Al Salam Bank B.S.C invites shareholders to the Annual Ordinary and Extra Ordinary General Meetings on 19 March 2025 at the Ritz Carlton Hotel, Bahrain. If a quorum is not met, subsequent meetings are scheduled for 27 March and 9 April 2025. The agenda for the Annual Ordinary General Meeting includes approving previous minutes, discussing reports and financial statements for 2024, approving profit appropriations, and appointing auditors and the Shari’a Supervisory Board. The Extra Ordinary General Meeting will address ratifying previous minutes, approving share capital increase, and amending the bank's Memorandum and Articles of Association. Shareholders registered on the meeting date can attend or appoint a proxy, with forms available on the bank's website. Proxies must be submitted 24 hours before the meeting. For inquiries, contact the Investor Relations Department.

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