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The text is a formal communication from Lama Takieddin, the Head of Corporate Governance and Board Secretary, addressed to Mr. Hamed Ahmed Ali, the CEO of the Dubai Financial Market. It informs him that the Board of Directors meeting, initially scheduled for 3:00 PM on March 18, 2026, will now start at 11:00 AM. The communication ends with expressions of gratitude and respect, and a copy is sent to the Capital Market Authority.
The text is a nomination form for individuals interested in becoming a board member of Union Properties PJSC for a three-year term. Candidates can choose to be an executive member, a non-executive independent member, or a non-executive non-independent member. The nominee must confirm their eligibility according to Federal Law No. (32) of 2021 and other relevant regulations. Required documents include a resume, a statement of board memberships or competing work, a statement of shares owned in other companies, a criminal status certificate, and identification documents. Incomplete applications will be invalid. Definitions of executive and non-executive board members are provided.
Drake & Scull International PJSC (DSI) reported a net profit of AED 47 million for 2025, transitioning from restructuring to operational recovery. The company's revenue increased by 116% year-on-year to AED 223.8 million. Total assets decreased by 6% to AED 610.8 million, while total equity rose by 29% to AED 195.4 million. Cash and bank balances stood at AED 235 million, aiding operational flexibility. The revenue growth was driven by project execution in core markets and conversion of the order book into revenue, with significant progress in infrastructure and water projects. The year marked DSI's first full year of normalized profitability post-restructuring, with improved gross profit due to cost management and efficiency gains. Asset optimization and a stronger equity position contributed to financial resilience and sustainable growth.
SHUAA Capital p.s.c., a financial investment company based in Dubai and regulated by the U.A.E. Securities and Commodities Authority, has announced the postponement of its Board of Directors meeting initially scheduled for tomorrow. The meeting will now take place at 3:00 pm on Tuesday, March 24, 2026, to discuss the same agenda items previously disclosed. This decision was made due to current circumstances, as communicated by Islam Mahrous, the Chief Compliance Officer.