{"data":{"id":"a2da9992-bc8c-4448-ac49-6e2ab12452a4","type":"article","translation_group_id":"a2da9992-ba0a-4301-b12c-5345d06a348e","language":"en","content_type":"announcement","title":"Finance House board to meet 1 Oct on treasury write-off and capital cut","dek":"Agenda covers writing off 30,283,777 treasury shares via capital reduction and a contingent general assembly call.","slug":"fh-bod-treasury-write-off-notice-1-oct-2026","published_at":"2026-09-28T12:01:06+00:00","updated_at":"2026-09-30T08:10:18+00:00","primary_category":{"id":"5","type":"category","key":"banking","name":"Banking & Finance","slug":"banking-finance","summary":"Banks, finance companies, insurers, sukuk, and monetary-policy-linked financial news.","seo_title":"Banking & Finance | Capital Wire","meta_description":"Banks, finance companies, insurers, sukuk issuances, and monetary-policy-linked financial news across UAE and broader GCC markets."},"featured_media":{"id":"a2da9a64-ea1d-43da-831d-3364b2c4e69a","type":"media","url":"https:\/\/capital-wire.com\/storage\/media\/3061321394c9897e83f89750488ed29cf654f08f9a1c93fbc0232089434ab859.webp","mime":"image\/webp","srcset":"https:\/\/capital-wire.com\/storage\/media\/3061321394c9897e83f89750488ed29cf654f08f9a1c93fbc0232089434ab859-640.webp 640w, https:\/\/capital-wire.com\/storage\/media\/3061321394c9897e83f89750488ed29cf654f08f9a1c93fbc0232089434ab859.webp 1200w","width":1200,"height":630,"alt":"Finance House board to meet 1 Oct on treasury write-off and capital cut \u2014 Capital Wire","caption":"Finance House BOD notice \u2014 28 September 2026","credit":"ADX \/ Capital Wire","license":"operator-supplied","ai_generated":false},"entities":[{"id":"a2da9970-2cd0-41c2-84a6-809ee6f55b90","type":"entity","entity_type":"company","collection":"companies","name":"Finance House PJSC","slug":"finance-house-pjsc","ticker":"FH","is_primary":true}],"flags":{"breaking":false,"featured":false,"correction":false},"subtitle":null,"executive_summary":"Finance House PJSC said its board will meet on Thursday, 1 October 2026 at 15:00, in person and virtually, according to a disclosure filed with Abu Dhabi Securities Exchange on 28 September 2026. The agenda covers writing off 30,283,777 treasury shares through a capital reduction under Article 221 of Federal Decree-Law No. 32 of 2021, then steps to convene a general assembly. The notice did not include earnings or dividend figures.","key_points":["Finance House PJSC said its board will meet on Thursday, 1 October 2026 at 15:00, in person and virtually, in Board Meeting Disclosure No. 05\/2026 filed on 28 September 2026.","Finance House\u2019s agenda includes writing off 30,283,777 treasury shares through a reduction of share capital under Article 221 of Federal Decree-Law No. 32 of 2021.","Finance House directors are to take steps to convene a general assembly to give effect to the capital reduction, contingent on regulatory approval to finalise the write-off.","Finance House\u2019s board is also to recommend an amendment to the articles of association to reflect the updated share capital after the write-off.","Finance House\u2019s disclosure was signed by board secretary Fatima Ayad Jamaluddin and did not include earnings or dividend figures."],"body":[{"type":"paragraph","text":"Finance House PJSC (FH) said its board will meet on Thursday, 1 October 2026 at 15:00, in person and virtually, according to Board Meeting Disclosure No. (05\/2026) filed with Abu Dhabi Securities Exchange on 28 September 2026."},{"type":"paragraph","text":"The agenda includes discussing the write-off of 30,283,777 treasury shares through a reduction of the company\u2019s share capital under Article (221) of Federal Decree-Law No. (32) of 2021 concerning Commercial Companies, then taking the steps needed to convene a general assembly to give effect to the reduction. Directors are also to recommend and approve a subsequent amendment to the articles of association to reflect the updated share capital after the write-off."},{"type":"paragraph","text":"They are further to review and approve the general assembly agenda and set the date and venue subject to regulatory approvals, with that call contingent on receiving regulatory approval to finalise the write-off, alongside routine administrative matters."},{"type":"paragraph","text":"The disclosure was signed by Fatima Ayad Jamaluddin, secretary to the board. The notice did not include earnings or dividend figures."}],"seo":{"seo_title":"Finance House board meeting 1 Oct: treasury write-off plan","meta_description":"FH board meets 1 Oct 2026 at 15:00 on writing off 30,283,777 treasury shares via capital reduction under UAE companies law, then a contingent GA.","og_title":"Finance House board meeting 1 Oct: treasury write-off plan","og_description":"FH board meets 1 Oct 2026 at 15:00 on writing off 30,283,777 treasury shares via capital reduction under UAE companies law, then a contingent GA.","social_image":{"id":"a2da9a64-ea1d-43da-831d-3364b2c4e69a","type":"media","url":"https:\/\/capital-wire.com\/storage\/media\/3061321394c9897e83f89750488ed29cf654f08f9a1c93fbc0232089434ab859.webp","mime":"image\/webp","srcset":"https:\/\/capital-wire.com\/storage\/media\/3061321394c9897e83f89750488ed29cf654f08f9a1c93fbc0232089434ab859-640.webp 640w, https:\/\/capital-wire.com\/storage\/media\/3061321394c9897e83f89750488ed29cf654f08f9a1c93fbc0232089434ab859.webp 1200w","width":1200,"height":630,"alt":"Finance House board to meet 1 Oct on treasury write-off and capital cut \u2014 Capital Wire","caption":"Finance House BOD notice \u2014 28 September 2026","credit":"ADX \/ Capital Wire","license":"operator-supplied","ai_generated":false}},"secondary_category":null,"topics":[{"id":"1","type":"topic","key":"adx","name":"ADX","slug":"adx","summary":"Abu Dhabi Securities Exchange listings, filings, index moves, and market-structure developments.","seo_title":"ADX Market News | Capital Wire","meta_description":"Coverage of Abu Dhabi Securities Exchange listings, corporate filings, index moves, and ADX market-structure news for investors."}],"tags":[{"id":"29","type":"tag","key":"bod-meeting","name":"Board Meeting","slug":"bod-meeting"}],"gallery":[],"charts":[],"byline":{"mode":"desk","schema_type":"Organization","name":"Capital Wire","author":null},"citations":[{"id":"a2da9992-be43-41f6-91b8-f78c1c961fbe","url":"https:\/\/apigateway.adx.ae\/adx\/cdn\/1.0\/content\/download\/5546957","publisher":"ADX Disclosures","title":"ADX \u2014 Finance House BOD meeting disclosure 05\/2026","source_published_at":null,"claim":null}],"sources":[{"url":"https:\/\/apigateway.adx.ae\/adx\/cdn\/1.0\/content\/download\/5546957","source_id":"a2d6a050-b97e-493b-b596-2ddcabbad320","label":"ADX \u2014 Finance House BOD meeting disclosure 05\/2026","publisher":"ADX Disclosures"}],"corrections":[],"translations":[{"language":"ar","slug":"fh-bod-treasury-write-off-notice-1-oct-2026","published_at":"2026-09-28T12:01:06+00:00","is_current":false},{"language":"en","slug":"fh-bod-treasury-write-off-notice-1-oct-2026","published_at":"2026-09-28T12:01:06+00:00","is_current":true}],"schema_type":"NewsArticle"},"meta":{"request_id":"88e4fb72-d3e0-4122-bb11-fb7e36c35415","locale":"en"},"errors":[]}