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The Dubai Financial Market Company (PJSC) has invited its shareholders to attend its Annual General Assembly Meeting (AGM), scheduled for Tuesday, 26/03/2024, at 03:00 pm. The AGM will take place both virtually and physically at the Trading Hall, Dubai Financial Market, Dubai World Trade Center. Shareholders will receive an SMS containing a link for electronic registration, attendance, and eVoting one day prior to the AGM. The meeting agenda includes hearing and approving various reports, discussing and approving the company's balance sheet and profit & loss account for the fiscal year ended on 31/12/2023, appointing the Fatwa and Sharia Supervisory Board for 2024, considering the proposal for cash dividends of 3.5% of the share capital, and approving changes to certain articles of the Company's Articles of Association. If the AGM does not meet the required quorum, a second AGM will be convened on Tuesday, 02/04/2024.
GFH Financial Group B.S.C. has announced the acquisition of 28,556,375 of its own shares (treasury shares) on 26th March 2024. This purchase increases the total holding of treasury shares from 240,009,090 (6.26% of total issued shares) to 268,565,465 (7.01% of total issued shares). The decision to purchase was taken in a board meeting in September 2021 and the Authority approved the purchase in March 2024. The average purchase price was USD 2980 per share.
The Board of Directors of Invictus Investment Company PLC held a virtual meeting on March 26, 2024, at 3:05pm UAE time. All board members were present and approved the issue of a binding offer to purchase up to 60% shareholding interest in Graderco SA Morocco, a major grains trading company, and all its subsidiaries. The board also approved transaction authorities for executing all binding documentation to complete the transaction.
MBME Pay Payment Services Provider, a subsidiary of MBME Group, has signed an agreement with Blue Rewards Single Person Company, part of Al-Futtaim Group. The partnership aims to leverage MBME's digitization services to enhance customer satisfaction and meet their needs. This move is part of MBME Group's expansion plan.