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GFH Financial Group B.S.C. announced the purchase of 2,932,926 treasury shares, increasing its total treasury shares from 264,047,191 (6.890% of total issued shares) to 266,980,117 (6.966% of total issued shares) as of December 18, 2025. The decision to purchase was made by the board of directors on March 2, 2025, and approved by the relevant authority on October 20, 2025. The average purchase price was USD 0.620 per share, representing 0.077% of the issued capital. There are 116,279,266 shares remaining for purchase. The announcement was made by Mariam Jowhary, Head of Compliance & AML.
Sukoon Insurance, celebrating its 50th anniversary, anticipates that medical and motor insurance lines will drive sector growth in the UAE in 2026, supported by economic momentum, population growth, and digital transformation. Interim CEO and CFO Hammad Khan highlighted the impact of digitalization, AI, and stricter regulations on compliance costs and industry consolidation. The demand for property, casualty, and cyber insurance is rising, while the expatriate population boosts interest in life, savings, and pension products. The UAE insurance market is expected to grow by 10-15% in 2026, following a 15-20% growth in 2025. Sukoon, with AED 5.41 billion in revenue and AED 10.43 billion in assets, holds strong credit ratings and has launched commemorative initiatives for its anniversary. Looking forward, Sukoon aims to lead the digital transformation of the UAE insurance sector by offering innovative solutions and maintaining customer trust.
The Dubai Financial Market (DFM) has issued the expiry settlement prices for equity futures contracts expiring in December 2025. The announcement, dated 18 December 2025, lists the settlement prices for various contracts, including AIRARB at 4.780 AED, ANSRI at 0.996 AED, and EMAAR at 14.100 AED, among others. The full list of prices and contract details is available on the DFM website. The document notes that the information is subject to change and emphasizes that it is not a substitute for the official Dubai Financial Market Regulated Derivative Contract Trading Regulation.
Dubai Insurance Company has scheduled a Board of Directors meeting on Tuesday, December 23, 2025, at 11:00 AM at the company's headquarters. The agenda includes ratifying the minutes of the previous board meeting and reviewing and discussing ordinary business matters. The notice is signed by Sahem Abdel Haq, the Head of Legal.
TECOM Group has launched Phase 4 of its Innovation Hub in Dubai Internet City, a development valued at AED 615 million. This expansion responds to the growing demand for Grade-A office spaces from multinational companies in future-focused economic sectors. The project aligns with the UAE's Digital Economy Strategy and Dubai Economic Agenda D33, bringing TECOM's total investment in the Innovation Hub to AED 2 billion. The new phase, with a gross leasable area of 263,000 sq. ft., aims to strengthen TECOM's portfolio and provide sustainable value for shareholders. The previous phases, including the fully leased Phase 3, have been successful, with tenants such as Google and Gartner. The completion of Phase 4 in 2028 will enhance TECOM's ability to serve technology clients amid increasing demand for premium office spaces.