Press releases, Reports & Disclosures for Dubai Financial Market PJSC

The Board of Directors of Sukoon Insurance PJSC, based in Dubai, UAE, has invited its shareholders to attend the Annual General Assembly Meeting. The meeting will be held at the company's head office in Deira, Dubai, as well as virtually via www.smartagm.ae on Thursday, 29-02-2024 at 11:00 AM. The invitation was extended by Louise O'Donnell, EVP-Head of Strategy, International Operations, Legal and Compliance. A copy of the invitation was also sent to Mrs. Maryam Butti Al Suwaidi, Deputy CEO of Licensing, Supervision, Enforcement Affairs at the Securities and Commodities Authority in Abu Dhabi, UAE.

The Board of Directors of Dubai Islamic Bank PJSC has invited all shareholders to attend the Annual General Assembly Meeting on 27th February 2024. If a quorum is not reached, a second meeting will be held on 5th March 2024. Shareholders have the option to attend in person or via remote presence technology. The agenda includes reviewing and ratifying the bank's activities and financial position, the auditor's report, the Internal Sharia Supervision Committee report, balance sheet and profit and loss statement. The board will also discuss cash dividends, remuneration of the board, the discharge of the board and external auditors from liability, and the appointment of members of the Internal Sharia Supervision Committee and external auditors. Special resolutions include authorising the board to issue senior Sukuk and/or other similar instruments, Tier 2 Sukuk, and additional Tier 1 Sukuk. The board will also consider amending the Articles of Association of the Bank.

The Board of Directors of Takaful Emarat Insurance PJSC has invited its shareholders to a general assembly meeting on 27 February 2024. The meeting will be held physically in Dubai and also electronically. The agenda includes reviewing and approving the Company’s capital restructuring plan, discussing the auditor's report on the company's losses, and considering a significant capital reduction subject to certain conditions. The proposed reduction will be by 88.3% of the total issued share capital to extinguish accumulated losses, leading to a cancellation of a specific number of shares. The board seeks full authority to execute the capital reduction as per applicable laws.