Assembly General Meeting approves new name with majority of shareholders; new board of directors appointed
Dubai, July 1: Al Safwa Mubasher Financial Services PrJSC held its Assembly General Meeting (AGM) at its head office in Vision Tower, Business Bay, Dubai, on June 30, 2019.
Al Safwa Mubasher Financial Services is a listed entity on the Dubai Financial Market with a paid-up capital of AED 564 million and provides brokerage services for trading instruments on financial markets.
The AGM was chaired by Murshed Mohamed Ahmed Mohamed, Chairman of the Board of Directors, Al Safwa Mubasher Financial Services. The meeting adopted a resolution to change the name of the company by amending the relevant article of the Company. Majority of the shareholders (76.97%) voted in favor of the new name – BH Mubasher – at the AGM.
The AGM also discussed the restructuring of the Company’s board of directors. They appointed a new board of directors, and their names are:
1- Mr. Al Hurr Mohammad Al Suwaidi
2- Mr. Yousef Mohd Saeed AlMulla
3- Mr. Yazen Abu Gulal
4- Mr. Ziad Kanaan
5- Mr. Yousuf Abdulla Mulla Ali AlMulla
Mubasher Financial Services has been a leading brokerage for both retail and institutional investors since 2006 and merged with Al Safwa Islamic Financial Services in 2016 to provide brokerage services to retail investors to trade instruments across markets in the UAE, GCC Region and the US.