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The text is a formal letter from Rami Raslan, Group Company Secretary of Abu Dhabi Commercial Bank (ADCB), to the Disclosures and Compliance Section of the Market Operations Surveillance Department at Abu Dhabi Securities Exchange. The letter informs them that a meeting of ADCB's Board of Directors was held on 18th March 2024, during which general matters were discussed and approved as appropriate. A copy of the letter is also sent to HE. Dr. Maryam Butti AL Suwaidi, CEO of the Securities & Commodities Authority (SCA).

SHUAA Capital has initiated a consent solicitation to modify the terms and conditions of its USD 150 million outstanding bonds, due on 31 March 2024. The proposal, which has already received support from over 25% of noteholders, is part of SHUAA's broader capital optimisation plans. The company aims to adjust its debt repayment profile and facilitate new capital participation. If bondholders agree to the proposal and regulatory approvals are obtained, SHUAA plans to increase its capital to achieve a sustainable capital structure. The proposal also offers a cash settlement and the chance to participate in the company's equity to noteholders.

The GFH Financial Group B.S.C. has announced the acquisition of 11,335,345 of its own shares, also known as treasury shares, on 18th March 2024. This purchase has increased the total holding of treasury shares from 159,117,436 (4.15% of the total issued shares) to 170,452,781 (4.45% of total issued shares). The decision to purchase was taken in a board meeting in September 2021, and the authority approval for the purchase was given on 11th March 2024. The average purchase price was USD 5820 per share.

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 a Board of Directors meeting set for 1:00 pm on Thursday, 21st March 2024. The agenda for the meeting includes a review of the company's consolidated financial results for the year ended 31st December 2023 and other business-related matters. The information was conveyed by Bachir Nawar, the Chief Legal and Compliance Officer of the company.

Al Salam Bank has teamed up with Solidarity Bahrain to offer an exclusive Ramadan promotion for their credit and prepaid cardholders. The offer, which runs from the start of Ramadan until 21 April 2024, gives a 5% discount on new motor, travel, home, domestic helper, and personal accident insurance policies issued through Solidarity Bahrain. The discount can be availed by using a promo code consisting of the first four digits of their card followed by "ALSALAM". In addition to the discount, clients can also earn double reward points on all insurance transactions during the campaign period. The initiative is part of the bank's strategy to provide double rewards during Ramadan and improve the overall banking experience for its clients.