Al Ain Alahlia Insurance Co.

Incorporated in Abu Dhabi under Law (18) of 1975, the Al Ain Ahlia Insurance Co. (PSC) held a board meeting on 28th March 2024. All seven board members attended the meeting, which started at 9:30 PM and ended at 10:30 PM. The board approved the minutes of the previous session, discussed the company's regular business, and approved board committee recommendations. The board also reviewed the Central Bank's approval of the company's 2023 financial statements and a proposal for a 20% cash dividend distribution. Additionally, the board discussed amending the company's articles of association regarding female representation on the board, pending approval at the next general assembly. The meeting was signed off by Yaser Ibrahim Hmedan, the Board Secretary.

Resolution No. (347) of 2024 announces the temporary suspension of trading on the shares of Al Ain Alahlia Insurance Co. This decision is made in accordance with Article No. (16) of the Regulations concerning the listing of securities on ADX. The suspension will begin at 09:00 on 23-Apr-2024, coinciding with the company's AGM, and will continue until the results of the AGM are received by ADX. The resolution instructs all ADX department heads to execute this decision in their respective fields and mandates its circulation to SCA, the concerned company, all ADX departments, and all brokers accredited by ADX. The resolution was issued on 26/03/2024.

The Al Ain Ahlia Insurance Company, incorporated in Abu Dhabi in 1975, is inviting shareholders to its Annual General Assembly Meeting on April 23, 2024. The meeting can be attended in person or remotely through www.smartagm.ae. The agenda includes the approval of the company's financial reports, discussion on the balance sheet, and profit and loss accounts for the fiscal year ended on December 31, 2023. The board also proposes a 20% cash dividend distribution, amounting to AED 30 million. Other points of discussion include the remuneration of board members, appointment of auditors for 2024, and potential amendments to the company's Articles of Association in compliance with Federal Decree Law No. (32) of 2021.

The Al Ain Ahlia Insurance Co., incorporated in Abu Dhabi in 1975, held its Board of Directors meeting on February 14, 2024. The board approved the minutes of the previous meeting, discussed the company's 2023 business results, and reviewed preliminary financial statements for 2023. The board also discussed the proposal to distribute cash dividends to shareholders for the financial year ended on 31/12/2023, subject to approval from the Central Bank. They also approved the proposed agenda for the 2024 annual general assembly meeting, announced the commencement of nominations for the next board elections, and approved the 2023 governance and sustainability reports. The board also approved the company's strategy and estimated budget for 2024 and confirmed the continuation of the Legal Advisor, Mr. Yaser Hamedan, as the Board Secretary.

The Al Ain Ahlia Insurance Company, incorporated in Abu Dhabi under Law (18) of 1975 and registered under No. 3 on 8/8/1984, is subject to insurance laws and regulations. The company has a paid capital of AED 150,000,000. A board meeting is scheduled for Wednesday, 14th February 2024 at 11:00 AM to discuss the company's ordinary business and any other items. The authorized signatory for the meeting is the General Manager, Mohd. Mazhar Hamadeh.

The Al Ain Ahlia Insurance Company (P.S.C.), incorporated in Abu Dhabi in 1975 under Law (18) and registered under No. 3 on 8/8/1984, conducted a training workshop on 25/12/2023. The workshop, attended by 7 board members, the General Manager, the Board Secretary, and the Internal Audit Manager, was led by consultant Talal Abu-Ghazaleh. It covered the latest developments in governance regulations and standards, risk management, and internal auditing, in compliance with the regulations of the CBUAE for insurance companies. The workshop began at 1:00 PM and ended at 2:00 PM. General Manager Mohd. Mazhar Hamadeh was the authorized signatory for the event.

The text is about the AL AIN AHLIA INSURANCE CO. (PSC), which was established in Abu Dhabi under Law (18) of 1975 and registered under No. 3 on August 8, 1984. It operates under the provisions of the Insurance Laws and Regulations, with a paid capital of AED 150,000,000. The text also reports the results of a Board of Directors meeting held on December 25, 2023. The meeting was attended by all seven board members and lasted from 11:00 AM to 01:00 PM. The board approved the committee's work and reconstituted the Risk Committee, which now includes both independent and non-independent members. The authorized signatory is the General Manager, Mohd. Mazhar Hamadeh.