Latest Threads
Check out what has been happening in the community
Check out what has been happening in the community
The GFH Financial Group B.S.C. has announced the purchase of 16,190,029 treasury shares, increasing its total holding from 223,819,061 (5.84% of total issued shares) to 240,009,090 shares (6.26% of total issued shares) as of 25th March 2024. The decision to purchase was made in a board meeting in September 2021 and approved by the authority in March 2024. The shares were bought at an average price of 1300 USD, representing 0.422% of the issued capital.
Emaar Properties has announced the commencement of nominations for its Board of Directors, starting from 23rd March 2024 to 2nd April 2024. Interested individuals who meet the nomination conditions can apply by sending an email to investor_relations@emaar.ae. The company plans to elect nine directors. Candidates must fulfill conditions as per Federal Law No (32) of 2021 and the Governance Guide. After the nomination period, candidates cannot assign their nomination to another person. The list of nominees will be posted on the company's website and notice board by 3rd April 2024. The Securities & Commodities Authority and Dubai Financial Market will also receive the list of nominees after the nomination period ends.
Emaar Properties (PJSC) has invited its shareholders to attend the Annual General Meeting on 22 April 2024, to be held remotely and at the Address Sky View Hotel in Dubai. If a quorum is not met, the meeting will be rescheduled for 29 April 2024. The meeting's agenda includes reviewing and approving the company's financial position and activities for the fiscal year ending 31 December 2023, the auditors' report, and the balance sheet. It will also discuss a dividend distribution of AED 4,419,394,924.50, representing 50% of the share capital. Other items include approving the Board Remuneration Policy, the Board of Directors' remuneration, discharging the Board and Auditors from liability for the fiscal year 2023, appointing auditors for the fiscal year 2024, electing Board members, and granting approval for Board members to carry out company-related activities. Shareholders can vote on resolutions through www.smartagm.ae.
The Board of Directors of Emaar Development PJSC has invited its shareholders to the Annual General Meeting (AGM) on 23 April 2024, to be held both remotely and at the Address Sky View Hotel in Dubai. If the required quorum isn't achieved, the AGM will be rescheduled for 30 April 2024. The agenda includes the approval of the company's financial reports for the fiscal year ending 31 December 2023, consideration of a dividend distribution, approval of board remuneration, discharge of board and auditors' liability, appointment of auditors for the next fiscal year, and approval for board members to engage in company activities. Shareholders can vote on resolutions through the registrar's website and can attend the meeting in person or electronically. Special written proxies can be used to delegate voting rights. The company's financial statements and governance report are available online.
The Annual General Meeting (AGM) of Ithmaar Holding B.S.C was held on 25 March 2024. The meeting had a quorum of 51.6% and approved several items on the agenda. These included the approval of the minutes from the previous AGM, the Directors' Report on the company's financial position for 2023, the Sharia Supervisory Board's Report, and the External Auditors' Report. The company's Consolidated Financial Statements for 2023 were also approved. The board recommended transferring the losses of USD 9,311,000 for 2023 to the accumulated losses. Transactions with related parties or major shareholders were reported. The company's compliance with the Central Bank of Bahrain and Bahrain Commercial Companies Law was discussed and approved. The board was discharged from any liability for their duties in 2023. The benefits and remuneration of the Sharia Supervisory Board for 2024 were reviewed and approved. The appointment of Mr. Juma Hasan Ali Abul as a board member and the appointment of the external auditors for 2024 were ratified, subject to approval by the Central Bank of Bahrain.
Amlak Finance PJSC has announced the opening of nominations for its Board of Directors. The nomination period will run from Tuesday, March 26, 2024, to Thursday, April 4, 2024. Interested shareholders who meet the specified conditions can nominate themselves by submitting an electronic application to the company. The application form can be downloaded from the company's website. There are seven board member positions available. The nominations will remain open for ten days from the date of the announcement. Nominees must comply with the conditions stipulated in Federal Decree Law No 32 of 2021 and the Chairman of Securities and Commodities Authority's Board of Directors' Decision No. (3/R.M) of 2020. The names of nominees will be posted on the company's website on April 19, 2024.