{"data":{"id":"a2e0d6e5-2e4a-43b8-bbd3-53d94980e520","type":"article","translation_group_id":"a2e0d6e5-26b7-4acf-b88e-726217bcb736","language":"en","content_type":"announcement","title":"Finance House board approves starting treasury write-off via capital reduction","dek":"BoD (1 Oct, 15:00\u201316:00, 7\/7) cleared writing off 30,283,777 treasury shares under Article 221, with AOA Article 6 update and a GA call still subject to approvals.","slug":"finance-house-bod-treasury-write-off-capital-reduction-1-oct-2026","published_at":"2026-10-01T14:06:15+00:00","updated_at":"2026-10-01T14:40:47+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":"a2e0d73d-855a-4826-b4c2-af54ae5c89cb","type":"media","url":"https:\/\/capital-wire.com\/storage\/media\/679375723191e4cdb3cd7ff062823ff66b7161a2b00c382961df81a0d54c6952.webp","mime":"image\/webp","srcset":"https:\/\/capital-wire.com\/storage\/media\/679375723191e4cdb3cd7ff062823ff66b7161a2b00c382961df81a0d54c6952-640.webp 640w, https:\/\/capital-wire.com\/storage\/media\/679375723191e4cdb3cd7ff062823ff66b7161a2b00c382961df81a0d54c6952.webp 1200w","width":1200,"height":630,"alt":"Finance House board approves starting treasury write-off via capital reduction \u2014 Capital Wire","caption":"Finance House BOD results \u2014 1 October 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},{"id":"a2de49f4-7481-4e6c-86f3-ad83fecfdf12","type":"entity","entity_type":"country","collection":"countries","name":"United Arab Emirates","slug":"uae","ticker":null,"is_primary":false},{"id":"a2de49ec-e234-4a3e-8a21-8f7e689df60f","type":"entity","entity_type":"exchange","collection":"exchanges","name":"Abu Dhabi Securities Exchange","slug":"adx","ticker":null,"is_primary":false}],"flags":{"breaking":false,"featured":false,"correction":false},"subtitle":null,"executive_summary":"Finance House PJSC said its board on 1 October 2026 approved commencing the write-off of 30,283,777 treasury shares through a share capital reduction under Article 221 of Federal Decree-Law No. 32 of 2021. The board also approved an Articles of Association Article 6 amendment and a general assembly agenda, with the meeting date and venue still subject to regulatory approvals. The disclosure, signed by CEO T.K. Raman, stated share capital of AED 302,837,770 and did not give a post-reduction figure.","key_points":["Finance House PJSC\u2019s board met on Thursday, 1 October 2026 from 15:00 to 16:00 with seven directors present and a 100% quorum, according to an ADX results disclosure.","Finance House approved commencing the write-off of 30,283,777 treasury shares through a share capital reduction under Article 221 of Federal Decree-Law No. 32 of 2021.","Finance House authorized the Vice Chairman, or a designee, to obtain regulatory approvals and take actions related to the capital-reduction process.","Finance House approved amending Articles of Association Article 6 to reflect updated share capital after the write-off is finalized.","Finance House approved the general assembly agenda, with the date and venue subject to regulatory approvals to commence and finalize the write-off.","Finance House\u2019s disclosure was signed by CEO T.K. Raman and stated share capital of AED 302,837,770 without a post-reduction capital figure."],"body":[{"type":"paragraph","text":"Finance House PJSC (FH) said its board approved commencing the write-off of 30,283,777 treasury shares through a reduction of the company\u2019s share capital, according to a board meeting results disclosure filed with Abu Dhabi Securities Exchange on 1 October 2026."},{"type":"paragraph","text":"The meeting was held on Thursday, 1 October 2026 from 15:00 to 16:00, with seven directors present and a 100% quorum. Directors cited Article (221) of Federal Decree-Law No. (32) of 2021 concerning Commercial Companies and related regulations, and authorized the Vice Chairman, or a designee, to obtain the necessary regulatory approvals and take all actions related to the capital-reduction process."},{"type":"paragraph","text":"The board also recommended and approved a subsequent amendment to the Articles of Association on the share-capital article (Article 6) to reflect the updated share capital after the write-off is finalized, and approved the general assembly agenda while setting the date and venue of that meeting subject to regulatory approvals. The call remains contingent on receiving regulatory approval to commence and finalize the write-off. Routine administrative matters were also approved."},{"type":"paragraph","text":"The disclosure was signed by T.K. Raman, Chief Executive Officer (Ref 005 \/MR\/ SB\/ 26). The company\u2019s stated share capital in the filing footer is AED 302,837,770. The disclosure did not state a post-reduction capital figure."}],"seo":{"seo_title":"Finance House: treasury write-off and capital cut approved","meta_description":"FH board on 1 Oct 2026 approved starting write-off of 30,283,777 treasury shares via capital reduction under Article 221; GA date TBD subject to approvals.","og_title":"Finance House: treasury write-off and capital cut approved","og_description":"FH board on 1 Oct 2026 approved starting write-off of 30,283,777 treasury shares via capital reduction under Article 221; GA date TBD subject to approvals.","social_image":{"id":"a2e0d73d-855a-4826-b4c2-af54ae5c89cb","type":"media","url":"https:\/\/capital-wire.com\/storage\/media\/679375723191e4cdb3cd7ff062823ff66b7161a2b00c382961df81a0d54c6952.webp","mime":"image\/webp","srcset":"https:\/\/capital-wire.com\/storage\/media\/679375723191e4cdb3cd7ff062823ff66b7161a2b00c382961df81a0d54c6952-640.webp 640w, https:\/\/capital-wire.com\/storage\/media\/679375723191e4cdb3cd7ff062823ff66b7161a2b00c382961df81a0d54c6952.webp 1200w","width":1200,"height":630,"alt":"Finance House board approves starting treasury write-off via capital reduction \u2014 Capital Wire","caption":"Finance House BOD results \u2014 1 October 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":"11","type":"tag","key":"bod-results","name":"bod-results","slug":"bod-results"},{"id":"29","type":"tag","key":"bod-meeting","name":"Board Meeting","slug":"bod-meeting"},{"id":"36","type":"tag","key":"adx-disclosure","name":"adx-disclosure","slug":"adx-disclosure"},{"id":"41","type":"tag","key":"treasury-shares","name":"treasury-shares","slug":"treasury-shares"}],"gallery":[],"charts":[],"byline":{"mode":"desk","schema_type":"Organization","name":"Capital Wire","author":null},"citations":[{"id":"a2e0d6e5-327b-4f1a-86ff-44df8a1acb49","url":"https:\/\/apigateway.adx.ae\/adx\/cdn\/1.0\/content\/download\/5581316","publisher":"ADX Disclosures","title":"ADX \u2014 Finance House BOD meeting results 1 Oct 2026 (EN)","source_published_at":null,"claim":null},{"id":"a2e0d6e5-339b-4045-8429-6bc7dbfe0f0c","url":"https:\/\/apigateway.adx.ae\/adx\/cdn\/1.0\/content\/download\/5580911","publisher":"ADX Disclosures","title":"ADX \u2014 Finance House BOD meeting results 1 Oct 2026 (AR)","source_published_at":null,"claim":null}],"sources":[{"url":"https:\/\/apigateway.adx.ae\/adx\/cdn\/1.0\/content\/download\/5581316","source_id":"a2d6a050-b97e-493b-b596-2ddcabbad320","label":"ADX \u2014 Finance House BOD meeting results 1 Oct 2026 (EN)","publisher":"ADX Disclosures"},{"url":"https:\/\/apigateway.adx.ae\/adx\/cdn\/1.0\/content\/download\/5580911","source_id":"a2d6a050-b97e-493b-b596-2ddcabbad320","label":"ADX \u2014 Finance House BOD meeting results 1 Oct 2026 (AR)","publisher":"ADX Disclosures"}],"corrections":[],"translations":[{"language":"ar","slug":"finance-house-bod-treasury-write-off-capital-reduction-1-oct-2026","published_at":"2026-10-01T14:06:15+00:00","is_current":false},{"language":"en","slug":"finance-house-bod-treasury-write-off-capital-reduction-1-oct-2026","published_at":"2026-10-01T14:06:15+00:00","is_current":true}],"schema_type":"NewsArticle"},"meta":{"request_id":"9b9912f7-1913-46f4-94a3-0a842fb527f2","locale":"en"},"errors":[]}