#Shareholders

IHC’s shareholders approve Dhs5bn buyback plan

UAE’s IHC shareholders approve Dhs5bn share buyback program

The conglomerate said the rationale behind the buyback is driven by its robust financial standing, characterised by significant cash flow and a strong balance sheet

Dubai's Tecom Group approves Dhs200m cash dividend for H2 2022

Dubai’s Tecom Group approves Dhs200m cash dividend for H2 2022

The group’s shareholders approved the board’s recommendation to distribute the dividend in April 2023

Power Letters 2023: Hatem Dowidar, group CEO, e&

We envision e&’s transformation as a long-term journey with accelerated growth, as we progress across all our business verticals

Alan’s corner: What makes a great CEO?

It’s not just about leadership or commercial acumen, there’s much more to it than that

UAE’s e& approves dividend of 40 fils per share for H2 2021

This has brought the total annual dividend to Dhs0.8 per share

UAE’s Mashreq posts 24.7% dip in net profit for first nine months of 2021

The bank’s operating profit for nine months of the year rose by 14.3 per cent to Dhs2.4bn

Abu Dhabi’s ADNOC Distribution approves $350m interim cash dividend for H1 2021

This is the first payment in what is expected to be a full-year 2021 dividend payment of Dhs2.57bn

Merger of Emaar Properties and Emaar Malls receives final nod

The merger is expected to complete before the end of this year

Dubai tycoon Hussain Sajwani resigns, makes $599m offer to take Damac private

Damac traded below the Dhs1.3 per share offer price on Wednesday

Kuwait Central Bank allows lenders to distribute 2020 dividends

The Kuwait Banking Association said in June that there would be no distribution of dividends to shareholders for 2020

Dubai contractor Arabtec to file for liquidation at ‘earliest opportunity’

The decision reversed efforts sought by a minority group of shareholders to restructure and save the company from liquidation

Year’s biggest bank merger sealed as Saudi rivals agree on deal

The new bank will have total assets of more than $220bn, creating the Gulf region’s third-largest lender