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The document provides information about Ekttitab Holding Company K.S.C.P. and its financial situation as of July 22, 2026. The company has accumulated losses amounting to 81,523,000 KWD, which represents 74.74% of its paid-up capital. These losses began in 2013 due to various factors, including losses from investment sales, a decline in stock prices, an exceptional loss in 2021 from reducing the capital of an investee company, provisions for doubtful debts, and impairment of an associate company in Q2 2024. To address these accumulated losses, the company has undertaken several initiatives, such as increasing revenue, implementing cost rationalization, enhancing operational efficiency, restructuring assets and liabilities, reducing provisions for expected credit losses, and decreasing general and administrative expenses. Additionally, the company plans to extinguish the accumulated losses by utilizing the statutory reserve balance and reducing capital, as approved by the general assembly on May 24, 2026, in accordance with the Companies Law and regulatory requirements.
A meeting of the Board of Directors of Commercial Bank of Dubai P.S.C. took place on Wednesday, 22nd July 2026, at 9:00 a.m. During the meeting, the board approved the minutes from the previous meeting held on 22nd April 2026, approved the financial statements for the second quarter of 2026, and discussed normal business activities. The notification was addressed to Mr. Hamed Ahmad Ali, CEO of Dubai Financial Market, and was signed by Mr. Ahmed Ali Al Jaziri, Board Secretary. A copy was also sent to the Capital Market Authority.
The document is the condensed consolidated interim financial statements for the Commercial Bank of Dubai PSC, covering the six-month period ending on June 30, 2026.
A new contract series for Micro GME Oman Crude Oil Futures, specifically the September 2027 Contract Series, will be available for trading starting on July 27, 2026. The contract, identified by the symbol OMOIL U27, will be listed on the Dubai Financial Market from July 27, 2026, and will be de-listed on July 23, 2027. Further details can be found on the Dubai Financial Market's website. Note that the information is subject to change and should be cross-referenced with the Dubai Financial Market's regulations for accuracy.
A meeting of the Board of Directors for Dubai Refreshment P.J.S.C is scheduled for Wednesday, July 29, 2026, at 10:00 AM. It will be held at the company's main office in Dubai Investment Park 2 and via online video technology. The meeting's agenda includes reviewing and approving the interim financial statements for the second quarter of 2026, as well as discussing various internal company matters and making appropriate decisions. The communication is signed by Maryam Al Nuaimi, Senior Legal Manager and Board Secretary.
Al Salam Bank has launched the 20th edition of its Annual Summer Internship Program, aimed at fostering the development of future Bahraini talent through practical learning experiences. The program, running from July 1 to August 31, 2026, welcomes 50 university students from both local and international institutions. It includes an Induction Week for orientation on the bank's operations, followed by on-the-job training across different departments. This initiative is designed to bridge the gap between academic learning and practical industry experience, enhancing students' professional skills and workplace readiness in the banking and financial services sector.