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GFH Financial Group B.S.C. announced on May 29, 2024, that it has received approval from the Central Bank of Bahrain to repurchase up to 10% of its total issued shares as treasury shares. This decision follows a resolution passed by the company's Ordinary General Meeting on March 24, 2024. The share repurchase will commence on May 30, 2024. The announcement was made by Mariam Jowhary, the Head of Compliance & AML.

The Arabian Scandinavian Insurance Company (PJSC) Takaful, also known as Sukoon Takaful, held a Board of Directors meeting on Wednesday, May 29, 2024, at 12:00 PM. The meeting took place at the company's head office in Deira, Dubai, and was also accessible via 'Teams' video conferencing. The agenda included a general business review and the approval of Dima Fakhoury as the new Company Secretary. The meeting's results were communicated to Mr. Hamed Ahmad Ali, the Executive Chief Officer of the Dubai Financial Market, and a copy was sent to Mrs. Maryam Butti Al Suwaidi, Deputy CEO of the Securities and Commodities Authority in Abu Dhabi, UAE.

On May 29, 2024, the Abu Dhabi National Company for Building Materials (BILDCO) held its third board meeting of the year. The key decisions made include: 1. Approval of the minutes from the second board meeting of 2024. 2. Approval of a settlement agreement with First Abu Dhabi Bank concerning debt restructuring and the waiver of lawsuits. 3. Approval of a settlement agreement with Abu Dhabi Ports regarding the payment of the debit balance, including a 57% discount, debt restructuring, and the waiver of lawsuits. 4. Approval to invite the General Assembly to convene in the first week of July 2024 to approve the settlement with First Abu Dhabi Bank, with the Executive Management authorized to set the date after obtaining necessary approvals. The meeting was held at 2:00 PM on Wednesday, May 29, 2024.

Ithmaar Holding B.S.C held its second Extraordinary General Meeting (EGM) on May 29, 2024, with a quorum of 51.66%. The following agenda items were approved: 1. Approval of the minutes from the EGM held on June 4, 2023. 2. Approval of the proposed sale and transfer of certain assets and liabilities, valued between USD 665 million to USD 715 million, to GFH Financial Group B.S.C. or other agreed entities, subject to regulatory approvals. 3. Authorization for the Board of Directors to finalize the transaction details, sign necessary documents, and execute the transaction.

Al Salam Bank in Bahrain has launched a new financing solution for clients purchasing watercraft such as boats, jet skis, and jetties. The initiative, the first of its kind in Bahrain, includes a campaign running from May 29 to July 31, 2024, where five winners will receive three months of paid installments, capped at BD 1,000 each. The bank aims to support the maritime sector with financial solutions like "Buy Now Pay Later" options and other banking products. The campaign is in partnership with Sea World and Yamaha, offering clients extended warranties, special service packages, and discounts. Clients can apply for financing at showrooms or through dedicated relationship managers and enjoy benefits like a 6-month grace period, competitive profit rates, and flexible payments. For more information, clients can visit the bank's website, contact via WhatsApp, or book an appointment through Skiplino.

Oman Insurance Company P.S.C. ("Sukoon") held a Board of Directors meeting on Wednesday, May 29, 2024, at 10:00 am at their head office in Dubai and via Teams video conferencing. The agenda included a general business review and the approval of the Investment Committee Charter and Investment Policy Guidelines. The meeting's details were communicated to Hamed Ahmad Ali, Executive Chief Officer of the Dubai Financial Market, with a copy sent to Maryam Butti Al Suwaidi, Deputy CEO of the Securities and Commodities Authority.

Dubai Taxi Company (DTC) has entered into a strategic partnership with talabat UAE, a leading delivery platform, to enhance and expand DTC's delivery fleet. This agreement aims to diversify DTC's revenue base and leverage its extensive network to support talabat's delivery services across the UAE. The collaboration aligns with DTC's growth strategy to strengthen its presence in both local and international transport and delivery markets within the e-commerce sector. The partnership will facilitate improved investment opportunities, better commercial relationships, and increased revenue potential, while enhancing talabat's delivery capabilities through DTC's advanced logistics technologies.