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The letter is dated 04 March 2024, addressed to Dr. Maryam Buti Al Suwaidi, the Chief Executive Officer of the Securities and Commodities Authority in Abu Dhabi, UAE, and Mr. Hamed Ahmed Ali, the Chief Executive Officer of the Dubai Financial Market in Dubai, UAE. The subject of the letter is the disclosure by the Dubai Financial Market (PJSC) regarding the date of issuing a Board of Directors' resolution by circulation. The letter announces that the company's Board of Directors will pass a resolution about ordinary and internal matters no later than March 07, 2024. The letter is signed by Ali Al Hashimi, the Chief Financial Officer of the Dubai Financial Market (PJSC).

Sukoon Insurance PJSC, based in Dubai, United Arab Emirates, has proposed to acquire up to 6.95% of the issued and paid ordinary shares of Arabian Scandinavian Insurance Company (PLC) – Takaful – ASCANA Insurance. The proposed cash consideration for this acquisition is AED 1.65 per share. This offer is detailed in an Offer Document, dated 4th March 2024, which is recommended to be reviewed with a financial advisor licensed by the Securities and Commodities Authority. The Securities and Commodities Authority and the Dubai Financial Market have issued a disclaimer stating they are not liable for the content of the Offer Document.

Sukoon Insurance PJSC, a Dubai-based company, has expressed its firm intention to acquire up to 6.95% of the issued and paid up ordinary shares of Arabian Scandinavian Insurance Company (PLC) – Takaful – ASCANA Insurance. Sukoon is currently the key shareholder of ASCANA, holding 93.0432% of its shares. The company's intention to make an offer was communicated to ASCANA's board of directors on 4 March 2024. Mashreq Bank PSC is the key shareholder of Sukoon, owning 65.7637% of its share capital.

BHM Capital, a leading financial institution in the UAE, has secured the largest share of new investor accounts on the Dubai Financial Market at the start of 2024. The company acquired 29% of all new accounts in January and February, surpassing all other brokerage firms in the market. This led to increased trading activity and attracted more investors. BHM Capital also maintained its position in terms of trading volume and value in both the Dubai Financial Market and the Abu Dhabi Securities Exchange. The CEO of BHM Capital attributes these results to the company's adoption of the latest technologies and its ability to meet investor expectations.

GFH Financial Group BSC, an Islamic wholesale bank established in 1999, operates in accordance with Islamic Sharia principles. In 2004, it became a public shareholding company and is now listed on four major stock exchanges. The Group manages over $21 billion in assets and has been recognized as one of the Middle East's Top 30 Biggest Asset Managers by Forbes in 2021 and 2022. In 2022, GFH created Infracorp, which issued a $900 million green sukuk on the London Stock Exchange. In 2023, GFH partnered with the FII and the World Economic Forum and expanded its portfolio to include logistics and healthcare assets in the GCC. The Group's corporate governance framework adheres to guidelines issued by the Ministry of Industry and Commerce and the Central Bank of Bahrain. The Board of Directors is accountable for the bank's financial performance and value to shareholders.