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Dubai Financial Market News
News Update From Ithmaar Holding B.S.C
Disclosure: Notification from the company
Ithmaar Holding B.S.C. has announced an update regarding ongoing discussions for GFH Financial Group B.S.C. to acquire Ithmaar’s financing and investment portfolios. The proposed transaction was approved by Ithmaar’s shareholders during an Extraordinary General Meeting on May 29, 2024. The shareholders have also authorized the Board of Directors to negotiate and finalize the structure, terms, and documents of the transaction. Shareholders will receive periodic updates on the progress.
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Disclosure: Notification regarding shareholder ownership change
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Disclosure: Announcement from the company
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Disclosure: Notification from the company
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Disclosure: BOD meeting
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Disclosure: Invitation of General Assembly
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News Update From GFH Financial Group B.S.C
Disclosures: GFH Financial Group B.S.C - Update on the Progress of the Discussions to Acquire Ithmaar’s Financing and Investment Portfolios
GFH Financial Group B.S.C. and Ithmaar Holding B.S.C. have announced ongoing discussions regarding GFH's potential acquisition of Ithmaar’s financing and investment portfolios. Ithmaar's shareholders approved the proposed transaction during an Extraordinary General Meeting on May 29, 2024, and authorized the Board of Directors to finalize the transaction's structure, terms, and documents. GFH is currently conducting due diligence and will provide periodic updates to shareholders.