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United Foods Company (PSC)

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  • Market: DFM
  • Symbol: UFC
  • ISIN: AEU000901014
  • Sector: Consumer Staples and Discretionary

Company Brief

Country of Origin: United Arab Emirates (U.A.E)

United Foods Company (PSC) (the “Company”) was incorporated in Dubai on 1 November 1976 by a Decree issued by His Highness, The Ruler of Dubai. On 27 June 1994, the Company amended its status to a Public Shareholding Company to comply with the provisions of the UAE Commercial Companies Law No. 8 of 1084 (as amended). The Company listed its shares on the Dubai Financial Market (DFM) on July 2006.

The Company is primarily engaged in the manufacturing, processing and marketing of hydrogenated vegetable ghee, cooking oil, margarine, butter products, animal oil and fat manufacturing.

Key Facts

ESTABLISHED

Nov 4, 1976

AUDITOR

ERNST & YOUNG

FISCAL YEAR END

DECEMBER

REGISTRAR

United Foods

Board Members

CHAIRMAN

Mr. Ali Bin Humaid Ali Abdalla Al Owais

DEPUTY

Mr. Mohamed Salim Rashid Abdalla Al Owais

MEMBERS
Mr. Mohamed Abdelaziz Ali Abdalla Al Owais
Mr. Ahmed Abdulla Sultan Abdulla Al Owais

Mr.Mohamed Ali Nasir Abdalla Alowais 
Mr. Abdullah Mohamed Rashid Alhuraiz
Mr. Salim Sultan Omran Salim AlOwais

Top Management

EXECUTIVE DIRECTOR

Mr. Mohamed Abdel Aziz Al Owais

CEO

Mr. Fethi Khairi

CFO
Avinash Mittal

Chief Marketing and Sales
Mourad Tarzi

Chief Supply Chain
Rajeev Singh

Chief Human Resource
Reji Paul

Legal Advisor
Mohamed Shawky Abdul Kreem

Contact Information Investor Relationship Manager: 
Mr. Mohamed Shawky

Office: +971 (4) 3382688 (EXT: 203)
Fax:    +971 (4) 3381987
MShawky@unitedfoods.ae

 

 

 

Equity Profile

DATE OF LISTING

Jul 30, 2006

SECTOR

Consumer Staples

AUTHORIZED CAPITAL:

30,250,000.00 AED

ISSUED SHARES:
30,250,000

PER VALUE SHARE

1.00 AED

Subsidiaries

0

Contact Details

Head Office

Dubai - Al Quoz

Address

P.O. Box 5836 Dubai, United Arab Emirates

Phone No.

(9714) 338 2688

Fax No.

(9714) 338 1987

Email address:

aseel@emirates.net.ae

Website
www.unitedfoods.ae
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Showing Last 10 General Meetings - UFC View all
Meeting Date/TimeMar 12, 2020 02:00:00 PMType of MeetingGeneral Assembly
Net Profit/Loss28709666Cash Dividend30
Bonus Share
Announcements/Resolutions

SpecialResolution:

Approvedthe initial estimates of the transactions with related parties for theyear 2020.

ModernBakery (LLC), worth an approximate sales of AED 1.5 million annually andrepresents a monthly average of 0.41% of the company's capital almost.

Beforethe meeting started, Shareholders representing 20.29% of the company’s capitalrequested the Chairman to add an item to the agenda to approve the increase inthe members of the Board of Directors by amending Item (A) of Article (19) ofthe company’s articles of association regarding the company's management, proposingthat the item, if approved, should read as follows:

Thecompany shall be managed by a board of directors of nine (9) members elected bythe general assembly of shareholders by secret cumulative voting.

Instead of the existing itemread as follows:

 The company shall be managed by a board ofdirectors of seven (7) members elected by the general assembly of shareholders bysecret cumulative voting.

Thisitem was presented to the Assembly and the voting on it resulted in theapproval of the amendment Article of Association. subject to ESCA and relatedauthorities' approval.

1.      Approved the Directors’ report on the Company’s activitiesand its financial position for the year ended 31/12/2019.

2.      Adopted and approved the Audit report on the company’financial for the year ended 31/12/2019.

3.      Adopted and approved the Company’s statement of financialposition and income statement for the year ended 31/12/2019.

4.      Approved the recommendation of the Company’s board ofdirectors for distributing 30% Cash dividends for the year ended 31/12/2019.

5.      Discharged the Company’s board members and its auditors of anyliability for the financial year ended on 31/12/2019.

6.      Approved the remunerations of Company's board members.

7.      Grant Thornton was reappointed as external auditor and theaudit fees of AED 105,000 for the year 2020 including quarterly reviews wasapproved.

8.              Approved thevote for the seven Board members as per follows:

1.              Mr. Ali Humaid AliAbdullah Al Owais.

2.             Mr. MohamedSalim Rashid Abdullah Al Owais.

3.              Mr. MohamedAbdel Aziz Ali Abdullah Al Owais.

4.              Mr. Mohamed AliNasir Abdalla Al Owais.

5.              Mr. AhmedAbdullah Sultan Al Owais.

6.              Mr. AbdullaMohamed Rashid Alhuraiz.

Last Date For Dividend EntitlementWednesday, March 18, 2020Ex-Dividend DateThursday, March 19, 2020
Register Closing (Settlement) DateSunday, March 22, 2020Trading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueUFC Company’s main premises
1 File(s)
Meeting Date/TimeMay 19, 2019 11:30:00 AMType of MeetingGeneral Assembly
Net Profit/Loss6239380Cash Dividend
Bonus Share
Announcements/Resolutions

AGM hasdecided the following:

1.    GrantThornton was appointed as external auditor and the audit fees of AED 90,000 forthe year 2019 including quarterly reviews was approved.

2.   Shareholders representing 20.29% of the share capital requested toadd an item to the agenda to approve the proposal of related party transactionto purchase Emirates Refreshments company’s warehouse and authorize a nominatedmember of BOD to negotiate and finalize the price based on an accreditedevaluation, with a Cap 3 million, subject to ESCA and related authoritiesapproval. This item was presented to the Assembly and the voting on this itemresulted in the acceptance of the related party transaction.


Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueUFC main premises
1 File(s)
Meeting Date/TimeMar 25, 2019 11:00:00 AMType of MeetingGeneral Assembly
Net Profit/Loss19145808Cash Dividend25
Bonus Share
Announcements/Resolutions

1.       Approved the Directors’ report on the Company’s activities and its financial position for the year ended 31/12/2018.

2.       Adopted and approved the report of the Company’s auditor for the year ended 31/12/2018.

3.       Adopted and approved the Company’s statement of financial position and income statement for the year ended 31/12/2018.

4.       Approved the recommendation of the Company’s board of directors and shareholders request for distribution of 25% Cash dividends for the year ended 31/12/2018.

5.       Discharged the Company’s board members and its auditors of any liability for the financial year ended on 31/12/2018.

6.       Approved remunerations of Company's board members.

Special Resolution:

Approved the initial estimates and transactions with related parties for the year 2019.

Modern Bakery (LLC), a United Food Company clients worth an approximate sales of AED125,000 per month of edible oil and Ghee, buy total amount of AED1.5 million annually and represents a monthly average of 0.41% of the company's capital almost.

Approved BOD proposal of related party transaction to purchase United Can Company LLC’s labor Camp and authorize nominated member of BOD to negotiate and finalize the price based on accredited evaluation, Cap 5 million.

Last Date For Dividend EntitlementTuesday, April 02, 2019Ex-Dividend DateWednesday, April 03, 2019
Register Closing (Settlement) DateThursday, April 04, 2019Trading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueCompany’s main premises
1 File(s)
Meeting Date/TimeMar 25, 2019 11:00:00 AMType of MeetingGeneral Assembly
Net Profit/Loss19,145,808Cash Dividend25
Bonus Share
Announcements/Resolutions.
Last Date For Dividend EntitlementTuesday, April 02, 2019Ex-Dividend DateWednesday, April 03, 2019
Register Closing (Settlement) DateThursday, April 04, 2019Trading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueAl Quoz - Dubai
1 File(s)
Meeting Date/TimeMar 22, 2018 02:00:00 PMType of MeetingGeneral Assembly
Net Profit/Loss19,927,140Cash Dividend10
Bonus Share
Announcements/Resolutions

1.       Approved the Directors' report on the Company's activities and its financial position for the year ended 31/12/2017.

2.       Adopted and approvedthe report of the Company's auditor for the year ended 31/12/2017.

3.       Adopted and approvedthe Company's statement of financial position and income statement for the yearended 31/12/2017.

4.       Approved the recommendationof the Company's Board of directors to distribute 10% Cash dividends for theyear ended 31/12/2017.

5.       Discharged theCompany's Board members and its auditors of any liability for the financialyear ended on 31/12/2017.

6.      Approved the remunerations of Company's Board members

7.       Ernst & Young wasreappointed as external auditor with audit fees of AED 160,000 for the year2018 including quarterly reviews.

8.      Special Resolution, the Shareholders' resolved thefollowing: -


-The initial estimatesof the transactions with related parties for the year 2018, Modern Bakery(LLC), worth an approximate sale of AED 125,000 per month of edible oil andGhee, (total amount of AED 1,500,000 annually). This represents a monthlyaverage of 0. 41% of the company's capital almost.

Proposals of theCompany's Board of directors the increase of United Foods' ownership limits inEmirates Refreshment Company and/or posterior acquisition, subject to relatedGovernment authority's approvals.

-Future Plan of theBoard of Directors regarding the opportunities to invest in shares and/oracquire United Cans Company/Unikai Foods Company, Subject to relatedGovernment authority's approvals.

Last Date For Dividend EntitlementWednesday, March 28, 2018Ex-Dividend DateThursday, March 29, 2018
Register Closing (Settlement) DateSunday, April 01, 2018Trading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueCompany’s main premises, in Al Quoz, Duba
1 File(s)
Meeting Date/TimeMar 15, 2017 11:00:00 AMType of MeetingGeneral Assembly
Net Profit/Loss26,175,228Cash Dividend10
Bonus Share
Announcements/Resolutions

Special Resolution:

Approved the initial estimates of the transactions with related parties for the year 2017.

United cans Company, supplies worthan approximate 766,666 dirhams per month, the total amount of AED 9,199,992 annually represents a monthly average of 2.53% of the capital of the company approx.

Modern Bakery (LLC), worth anapproximate sales of AED 125,000 per month of edible oil and Ghee, buy total amount of AED 1.5 million annually and represents a monthly average of 0.41% ofthe company's capital almost.

1. Approved the Directors’ report on the Company’s activities and its financial position for the year ended 31/12/2016.

2. Adopted and approved the report of the Company’s auditor for the year ended 31/12/2016.

3. Adopted and approved the Company’s statement of financial position and income statement for the year ended 31/12/2016.

4. Approved the recommendation of the Company’s board of directors for distribution of 10% Cash dividends for the year ended 31/12/2016.

5. Discharged the Company’s board members and its auditors of any liability for the financialyear ended on 31/12/2016.

6. Approved remunerations of Company's board members.

7. Ernst& Young was reappointed as external auditor and the audit fees of AED 160,000for the year 2017 including quarterly reviews was approved.

8. Approved Board elected as follows:

Mr. Ali Humaid Al Owais.

Mr. Mohamed Salim Rashid Al Owais.

Mr. Mohamed Abdel Aziz Al Owais.

Mr. Abdullah Rahma Al Owais.

Mr. Ahmed Abdullah Sultan Al Owais.

               Mr. Khalid Nasier Humaid Al Shamsi.
Last Date For Dividend EntitlementWednesday, March 22, 2017Ex-Dividend DateThursday, March 23, 2017
Register Closing (Settlement) DateSunday, March 26, 2017Trading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityDFMMeeting VenueCompany’s main premises, in Al Quoz, Dubai
1 File(s)
Meeting Date/TimeJun 14, 2016 11:00:00 AMType of MeetingAnnual General Meeting
Net Profit/Loss27,782,439 Cash Dividend
Bonus Share
Announcements/Resolutions

1- Approved the amendment of Company Articles of Associations to comply with the legal requirements of Federal Commercial Companies Law No. 2 of 2015, subject to related authorities approvals.

2-  Adopted and approved estimated transaction with related parties as following.


- Monthly AED1,229,000 with United Cans Company.

- Monthly AED 105,000with Modern Bakery.

3- Approved the recommendation of the Company’s board of directors for launching new branches out of the country and equity investment in UAE markets subject to related authority’s approvals and consistent with the company articles.

Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueUFC - office
2 File(s)
Meeting Date/TimeMar 09, 2016 04:00:00 PMType of MeetingAnnual General Meeting
Net Profit/Loss27,782,439Cash Dividend10
Bonus Share10
Announcements/Resolutions1- Approved the Directors’ report on the Company’sactivities and its financial position for the year ended 31/12/2015.
2- Adopted and approved the report of the Company’s auditorfor the year ended 31/12/2015.
3- Adopted and approved the Company’s statement offinancial position and income statement for the year ended 31/12/2015.
4- Approved the recommendation of the Company’s board ofdirectors for distribution of
10%Cash dividends for the year ended 31/12/2015.
5- Approved the recommendation of the Company’s board ofdirectors for distribution of 10% bonus shares, to increase the capital ofcompany and comply with the legal requirements of Federal Commercial CompaniesLaw No. 2 of 2015.
6- Discharged the Company’s board members and itsauditors of any liability for the financial year ended on 31/12/201
5.
7- Approved the remunerations of Company's board members.
8- Ernst & Young was reappointed as external auditorand the audit fees of AED 160,000 for the year 2016 including quarterly reviewswas approved.
9- The Chairman of the Board was authorized to take thenecessary steps to implement the resolutions adopted by the general assembly,including amendment of Company Articles of Associations to comply with thelegal requirements of Federal Commercial Companies Law No. 2 of 2015.
Last Date For Dividend EntitlementWednesday, March 16, 2016Ex-Dividend DateThursday, March 17, 2016
Register Closing (Settlement) DateSunday, March 20, 2016Trading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueCompany’s main office
1 File(s)
Meeting Date/TimeMar 19, 2015 11:30:00 AMType of MeetingAnnual General Meeting
Net Profit/Loss16,133,362000Cash Dividend10%
Bonus Share
Announcements/Resolutions

-  Approved the Directors’ report on the Company’s activities and its financial position for the year ended 31/12/2014.

- Adopted and approved the report of the Company’s auditor for the year ended 31/12/2014.

- Adopted and approved the Company’s statement of financial position and income statement for the year ended 31/12/2014.

- Approved the recommendation of the Company’s board of directors for distribution of 10% Cash dividends for the year ended 31/12/2014.

- Discharged the Company’s board members and its auditors of any liability for the financial year ended on 31/12/2014.

- Approved the remunerations of Company's board members

- Ernst & Young was reappointed as external auditor, with the audit fees of AED 168,000 for the year 2015.

Last Date For Dividend EntitlementWednesday, March 25, 2015Ex-Dividend DateThursday, March 26, 2015
Register Closing (Settlement) DateSunday, March 29, 2015Trading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueCompany’s main premises
1 File(s)
Meeting Date/TimeApr 24, 2013 04:30:00 PMType of MeetingAnnual General Meeting
Net Profit/Loss15,417,927.00Cash Dividend0%
Bonus Share10%
Announcements/Resolutions

Approval of the directors' report on the company's activities and financial position for the financial year ended 31/12/2012 as well as the approval of the report of the external auditors of the Company for the same period
Approval of the consolidated financial statement of financial position and statement of comprehensive income for the year ended 31/12/2012
Discharge of the members of the Board of Directors and auditors for the financial year ended 31/12/2012
To approve the Board's proposal to distribute dividends by 10% in the form of bonus shares to shareholders
Approval of the proposed Directors' remuneration for the year 2012
Reset the company's auditors for the financial year 2013 and determine their fees

Last Date For Dividend EntitlementWednesday, May 01, 2013Ex-Dividend DateThursday, May 02, 2013
Register Closing (Settlement) DateSunday, May 05, 2013Trading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueThe company's headquarters
1 File(s)
Top ShareholdersLast Refreshed at: 23 September 2020

Individual Investors

ShareholdersPercentage
HEIRS OF HUMAID ALI ABDULLA ALOWAIS 13.80%
محمد و عبيد الملا ش .ذ.م.م 9.31%
MOZA SUWAIDAN SAEED ALFRARREH ALKETBI 8.67%
EMIRATES INVESTMENT BANK (P. J. S. C) 8.00%
FATIMA ALI ABDALLA ALOWAIS 6.55%
MOZA ALI ABDALLA ALOWAIS 6.51%
ALYA ALI ABDALLA ALOWAIS 6.50%
MARIAM ALI ABDALLA ALOWAIS 6.50%
MAITHA ALI ABDALLA ALOWAIS 6.41%

  • 1 EN
    1

    Article of Association - 0001

Foreign Investments View all
As of Date:
24-09-2020
National GCC Foreign
Country of Origin Permitted Actual Available Permitted Actual Available Permitted Actual Available Allowed Foreigners?
AE 100% 99.94% 0.06% 0% % % 49% 0.06% 48.94% Yes
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Showing Corporate Actions - UFC View all
Year2020Corporate Action TypeCash Dividends
Last Date For Action Entitlement18/03/2020Ex-Dividend Date19/03/2020
Register Closing (Settlement) Date22/03/2020Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribute 30% cash dividends as agreed at the GA held on 12/03/2020
Year2019Corporate Action TypeCash Dividends
Last Date For Action Entitlement02/04/2019Ex-Dividend Date03/04/2019
Register Closing (Settlement) Date04/04/2019Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribute 25% cash dividends as agreed at the GA held on 25/03/2019
Year2018Corporate Action TypeCash Dividends
Last Date For Action Entitlement28/03/2018Ex-Dividend Date29/03/2018
Register Closing (Settlement) Date01/04/2018Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribute 10% cash dividends as agreed at the GA held on 22/03/2018
Year2017Corporate Action TypeCash Dividends
Last Date For Action Entitlement22/03/2017Ex-Dividend Date23/03/2017
Register Closing (Settlement) Date26/03/2017Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribute 10% cash dividends as agreed at the GA held on 15/03/2017
Year2016Corporate Action TypeCash dividends & Bonus Shares
Last Date For Action Entitlement16/03/2016Ex-Dividend Date17/03/2016
Register Closing (Settlement) Date20/03/2016Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribute 10% cash dividends, and 10% bonus shares as agreed at the GA held on 09/03/2016
Year2015Corporate Action TypeCash dividends
Last Date For Action EntitlementNot AvailableEx-Dividend DateNot Available
Register Closing (Settlement) DateNot AvailableTrading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribute 10% cash dividends as agreed at the AGM held on 19/03/2015
Year2014Corporate Action TypeCash dividends
Last Date For Action Entitlement30/04/2014Ex-Dividend Date01/05/2014
Register Closing (Settlement) Date04/05/2013Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribute 10% cash dividends as agreed at the AGM held on 24/04/2014
Year2013Corporate Action TypeBonus Shares
Last Date For Action Entitlement01/05/2013Ex-Dividend Date02/05/2013
Register Closing (Settlement) Date05/05/2013Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsIssue bonus shares of 10% as agreed at the Annual General Meeting held on 24/04/2013
Year2011Corporate Action TypeCash Dividends Distribution
Last Date For Action Entitlement30/03/2011Ex-Dividend Date31/03/2011
Register Closing (Settlement) Date03/04/2011Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribute 70% cash dividends as agreed at the AGM held on 23/03/2011
Year2010Corporate Action TypeCash Dividends Distribution
Last Date For Action Entitlement19/04/2010Ex-Dividend Date21/04/2010
Register Closing (Settlement) Date21/04/2010Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribute 30% cash dividends as agreed at the AGM held on 11/04/2010.
Year2008Corporate Action TypeCash Dividends Distribution
Last Date For Action Entitlement21/04/2008Ex-Dividend Date22/04/2008
Register Closing (Settlement) Date23/04/2008Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribute 10% cash dividends as agreed in their AGM held on 13/04/2008.

Disclaimer
  • Ownership percentage is subject to change based on several reasons including the following:
    1. Trading activity.
    2. Off-Market Transactions such as family and inheritance transfers.
    3. Changes in the nationality status of investors.
    4. Securities deposits and withdrawals to and from DFM for Dual listed companies.
    5. Capital increase by issuing new shares to a strategic investor.
    6. Converting Bonds into shares.
    7. Equity added to the equity of the associated group.
    8. Direct Deals.
  • Percentages for the columns of Actual and Available are updated every two minutes during trading hours and every one hour after trading hours to reflect changes not associated with trading (if any).

Definitions:
 Nationals:

Investors who hold the same nationality as the “Country of Origin” of the symbol.

 GCC:

Investors who hold a GCC nationality, excluding investors from the “Country of Origin” of the symbol.

 Foreigners: All other nationalities.
Note: For companies where GCC Permitted ownership limit is Not Applicable (NA), the ownership of GCC citizens will show in the ownership columns of Foreigners.
 Permitted: The maximum percentage of ownership allowed by the Company for the investors group.
 Actual: The owned quantity, unsettled trades. It also includes open buy orders between 8:00 AM and 3:00 PM.
 Available: Percentage available to own or allowed to trade (Permitted – Actual).

Disclaimer
The above published Ownership Percentages:
  • Are updated daily at the end of every trading day based on date of trade and not settlement date.

  • The ownership percentages are rounded off to 2 decimal places

  • Ownership percentages are subject to change due to the following:

    1. Trading activities.

    2. Off-Market Transactions such as family and inheritance transfers.

    3. Changes in the nationality status of investors.

    4. Securities deposits and withdrawals to and from DFM for Dual listed companies.

    5. Capital increases, by issuing new shares to Strategic investor

    6. Converting bonds or Sukuk into shares.

    7. Changes of associated group’s ownership.

    8. Direct Deals. (The ownership percentage is changed immediately after the execution of the deal).

    9. Failed trade settlement.


DISCLAIMER

The information provided in this document is only available in Arabic due to the (Dubai court attestations only being in Arabic herein after referred thereto as (“Information”) is provided by way of general information and comment only. While reasonable care has been taken in producing this Information, changes in circumstances may occur at any time and may impact on the accuracy of the Information. The Information does not constitute professional advice or provision of any kind of services and should not be relied upon as such.  Dubai Financial Market (“DFM”) and/or its affiliates, officers or employees,  does not give any warranty or representation as to the accuracy, reliability, timeliness or completeness of the Information now or in the future. DFM shall not be liable for any loss suffered, directly or indirectly by any person acting in reliance upon the Information contained herein. 


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