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The SUDATEL Telecom Group LTD. held its 31st Ordinary General Meeting virtually on November 16, 2024, from 11:00 AM to 02:00 PM. The meeting was chaired by Eng. Ibrahim Jabir Ibrahim, with Eng. Magdi Mohammed Abdalla Taha as the CEO. The Board of Directors for the term 2022 to 2026 includes representatives from the Government of Sudan, Tadamon Islamic Bank, Bank of Sudan, Arab Investment Company-Riyadh, Financial Investment Bank, Arab Satellite Communications Organization - Arabsat, SMT Engineering Company, and Tadamon Portfolio. During the meeting, several recommendations were approved: the Board of Directors' annual report, the summary of the annual audited financial statements, the auditor’s report for the fiscal year 2023, the distribution of bonus shares for 2023, the Board of Directors' remunerations for the year ending December 31, 2023, and the appointment of external auditors for 2024 along with their remunerations.

On November 15, 2024, Foodco National Foodstuff Co PJSC held a Board of Directors meeting via video conference on Microsoft Teams from 10:00 AM to 11:00 AM. All five board members were present, achieving a 100% quorum. During the meeting, the board approved the previous meeting's minutes and discussed and approved the unaudited financial statement for the period ending September 30, 2024. The company reported a net loss of AED 3.633 million, an improvement compared to a net loss of AED 14.987 million for the same period in 2023. Other operational matters were also discussed, and appropriate decisions were made. The meeting results were documented by Board Secretary Taysir Mokashfi.

The weekly trading summary for DFM Regulated Short Sell Transactions from November 11 to November 15, 2024, includes the following details: Emaar Properties PJSC had a short sell trade volume of 35 with a trade value of AED 319.20, while Salik Company PJSC had a short sell trade volume of 2,230 with a trade value of AED 12,153.50. For more information, refer to the DFM Market Rules and the Operational Model for Regulated Short Selling on the DFM website. The announcement is available online, and the information provided is subject to change without liability for any losses incurred.

Al Salam Bank has launched the "Workspaces" portal, a platform designed for Single Person Companies, family offices, and Micro, Small, and Medium-sized Enterprises (MSMEs) to manage their financial activities efficiently. This integrated platform allows users to access company accounts, financing options, and manage payments through a single login, with features like an Admin User profile for self-service capabilities, eliminating the need to visit the bank. It supports multiple Commercial Registration accounts and offers functionalities such as payments, salary transfers, and international transactions. The portal aims to enhance operational efficiency and support Bahrain's economic development by providing tailored digital services for MSMEs.

GFH Financial Group B.S.C. announced that it has entered into definitive agreements with the Saudi Education Fund, managed by EFG Hermes, for the acquisition of Britus Education. Britus Education is a leading K-12 education platform operating international schools in the GCC and MENA regions, with a market value exceeding USD 200 million. The portfolio consists of four schools in Saudi Arabia, two in the UAE, and one in Bahrain, with a total capacity of about 12,000 students and nearly 8,000 currently enrolled. This investment is expected to have a positive impact on GFH's financials and increase the group's returns. The announcement was made by Mariam Jowhary, Head of Compliance & AML.