Latest Threads
Check out what has been happening in the community
Check out what has been happening in the community
The Board of Directors of Orient Takaful Company (PJSC) has invited shareholders to attend the Annual General Meeting on April 29, 2024. The meeting will take place at Al Futtaim Building in Dubai and will also be accessible remotely via Microsoft Teams. The agenda includes the approval of various reports and accounts for the financial year ending December 31, 2023, the appointment of the Internal Sharia'ah Supervisory Committee for 2024, and the approval of transactions with related parties up to December 31, 2023. The board also plans to discuss an amendment to the company's Articles of Association, subject to regulatory approval. Shareholders can delegate a representative to attend the meeting and vote on their behalf, but no proxy may represent more than 5% of the company's shares.
On 28th April 2024, GFH Financial Group B.S.C. announced that it had purchased 429,316 of its own shares, also known as treasury shares. This acquisition increased the total holding of treasury shares from 200,604,089 (representing 5.23% of the total issued shares) to 201,033,405 (representing 5.25% of total issued shares). The decision to purchase was made during a board meeting in September 2021 and was approved by the Authority in April 2024. The average purchase price was 0.28 USD per share. After this purchase, the number of shares remaining for purchase is 182,225,978.
GFH Financial Group announced on 26/04/2024 that it has acquired 16,763,304 of its own shares (treasury shares), increasing its total holding from 183,840,785 shares (representing 4.80% of total issued shares) to 200,604,089 shares (representing 5.23% of total issued shares). The decision to purchase was made in a board of directors meeting in September 2021, and the purchase was approved by the Authority in April 2024. The shares were purchased at an average price of 0.283 USD, representing 0.437% of the issued capital. Following this purchase, 182,655,294 shares remain available for purchase.