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The Islamic Arab Insurance Company (SALAMA) has scheduled a Board of Directors' meeting for Thursday, July 2, 2026, at 10:30 AM. The meeting agenda includes the election of the Chairman and Vice Chairman of the Board, restructuring of the Board Committees in line with the company's governance framework and applicable regulations, and addressing regular matters along with any other business. The notification is issued by Ahmad Abdelrahim, Senior Manager of Legal & Compliance.
The Board of Directors of Al Firdous PJSC invites shareholders to the Annual General Assembly Meeting on Friday, 24th July 2026, at 11:00 AM. The meeting can be attended in person at Boulevard Plaza Tower 2 in Dubai or remotely. The agenda includes reviewing and approving reports on the company's activities, financial statements, and the auditor's report for the year ended 31st March 2026. Other items include discussing recommendations not to distribute dividends or grant board remuneration, discharging board members and auditors from liability, electing new board members for 2026-2029, and appointing auditors for the next financial year. Shareholders can delegate proxies, and electronic voting will be available. Registration for remote attendance is required before the meeting. The AGM requires at least 50% of share capital representation to be valid, with a second meeting scheduled if quorum is not met.
Ahmad Bin Shafar, CEO of Emirates Central Cooling Systems Corporation (Empower), participated in the 117th International District Energy Association Conference and Exhibition 2026, where he signed a strategic Memorandum of Understanding (MoU) with global representatives. The MoU aims to enhance international cooperation in promoting district cooling systems to improve energy efficiency, boost energy security, support local economies, and reduce carbon emissions. It emphasizes the exchange of expertise, innovation, and the development of supportive policies to expand district cooling adoption worldwide. The agreement aligns with the 2015 Paris Climate Agreement and the United Nations Framework Convention on Climate Change's sustainability goals. Empower's involvement highlights its leadership in the district cooling sector and its commitment to advancing sustainable urban energy systems.
The Dubai Financial Market (DFM) reported no regulated short sell (RSS) trades for the period from June 22, 2026, to June 26, 2026. For more details on RSS, individuals are encouraged to consult the DFM Market Rules and related documents available on the DFM website. The announcement is also accessible online. The information provided is subject to change, and DFM is not responsible for any losses incurred from the use of this information.
The Arab Energy Fund has listed a USD 500 million Sukuk on Nasdaq Dubai, due in 2031, with a profit rate of 4.686% and priced at a spread of 70 basis points over SOFR. The issuance was twice oversubscribed, with orders exceeding USD 900 million, and it attracted a diverse range of investors, including central banks and sovereign institutions, reflecting the strong credit profile of The Arab Energy Fund. The Sukuk is rated Aa2 by Moody's and AA+ by Fitch. This listing, part of The Arab Energy Fund's Trust Certificate Issuance Programme, contributes to the depth of Nasdaq Dubai's Sukuk market, which now has over USD 98.6 billion in outstanding Sukuk. The transaction marks the fourth listing by The Arab Energy Fund on the exchange and is part of its strategy to support sustainable energy development in the Arab world. The total value of debt listings on Nasdaq Dubai has surpassed USD 141 billion.