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Salik Company PJSC has announced the opening of nominations for its Board of Directors. The nomination period runs from March 7 to March 17, 2025. Eligible individuals or shareholders can apply for board membership electronically. The application must include a candidate introduction, membership type, CV, identification, and various declarations and disclosures. Seven board members will be elected, and candidates must meet specific criteria, including professional experience and a clean legal record. After the nomination period, applications will be reviewed by the Nomination and Remuneration Committee and submitted to the Securities and Commodities Authority. The final list of approved candidates will be published on the Smart AGM portal and the Dubai Financial Market website before the General Assembly meeting.

The text is a proxy form addressed to Salik Company PJSC in Dubai, UAE, allowing a shareholder to appoint a representative to attend and vote on their behalf at an upcoming general assembly meeting on April 9, 2025. It includes fields for the shareholder's name, mobile number, and the number of shares owned. The form outlines requirements for the proxy, including the necessity for the shareholder's signature to be verified by specific authorized entities, such as a notary public or a licensed bank. It also provides contact information for further inquiries.

Salik Company PJSC invites its shareholders to attend the Annual General Assembly Meeting on April 9, 2025, at 12:00 PM, which will be held both virtually and physically at the Palazzo Versace in Dubai. The meeting will address several agenda items, including the approval of the Board of Directors' report, the auditor's report, the company's financial statements, and a proposal for cash dividends distribution totaling AED 1,164,560,713 for 2024. Other matters include discharging the Board and auditors from responsibilities, appointing external auditors for 2025, and electing Board members for the 2025-2028 term. Shareholders can register and vote electronically through www.smartagm.ae from April 2 to April 9, 2025. Proxies are allowed under certain conditions, and the meeting requires a quorum of at least 50% of the company's capital. If the quorum is not met, a second meeting will occur on April 16, 2025. Shareholders can access financial documents and governance reports on the company's and DFM's websites.

GFH Financial Group announced that it has purchased 5,600,000 treasury shares, increasing its total treasury shares from 286,735,723 (7.48% of total issued shares) to 292,335,723 (7.63% of total issued shares) as of March 6, 2025. The board of directors made the purchase decision on March 24, 2024, and received approval from the relevant authority on February 16, 2025. The average purchase price was 0.3140 USD per share, and the purchased shares represent 1.460% of the issued capital. There are 90,923,660 shares remaining for purchase. The announcement was made by Mariam Jowhary, Head of Compliance & AML.

Tabreed, a leading district cooling company, successfully raised USD 700 million through its inaugural five-year green sukuk, marking the first issuance under its new USD 1.5 billion trust certificate program. The sukuk will be listed on the London Stock Exchange's International Securities Market. The issuance attracted strong demand from local, regional, and international investors, leading to a 2.6 times oversubscription. It was competitively priced with a profit rate of 5.279%, achieving the tightest credit spread for a five-year instrument by Tabreed or any other UAE corporate sukuk with a similar credit rating. The high demand was supported by investment-grade credit ratings from Moody's and Fitch. Proceeds from the sukuk will be used in accordance with Tabreed's Green Financing Framework to finance or refinance eligible green projects, including district cooling schemes, energy and water efficiency, and wastewater management projects.