Press releases, Reports & Disclosures for Hayah Insurance Company P.J.S.C

HAYAH Insurance Company P.J.S.C, a Public Joint Stock Company registered at the Central Bank of the UAE, held a board meeting on 13th March 2024. The meeting began at 11:00 AM and ended at 12:40 PM, with seven board members present and a quorum of 78% achieved. The minutes of the previous meeting were approved. The board discussed the preliminary financial results for 2023, with the full statement to be uploaded after Central Bank approval. The Annual General Assembly agenda was discussed and approved. Administrative and operational issues were also addressed. The CEO, Mohamed Seghir, is the authorized signatory.

HAYAH Insurance Company P.J.S.C, a public joint stock company funded by a paid-up capital of AED 200 million and registered at the Central Bank of the UAE, held a board meeting on 13 March 2024. The meeting started at 11:00 AM and ended at 12:40 PM, with 7 board members present and a quorum of 78% achieved. The board approved the minutes of the previous meeting, discussed the preliminary financial results for 2023, and approved the agenda for the Annual General Assembly. They also discussed administrative and operational issues. The full financial statement for year-end 2023 will be uploaded after approval from the Central Bank. The meeting's results were signed by CEO Mohamed Seghir.

The HAYAH Insurance Company P.J.S.C, located in Abu Dhabi, UAE, is a Public Joint Stock Company funded by a paid-up capital of AED 200 million. It is registered with the Central Bank of the UAE. On March 13, 2024, the company held a board meeting from 11:00 AM to 12:40 PM, with seven board members present and a quorum of 78% achieved. The minutes from the previous board meeting were approved, as were the audited financial statements for the year ending December 31, 2023. The Annual General Assembly's agenda was also approved, and the meeting date was set. The company will announce the AGM Agenda after receiving approval from relevant authorities. The meeting's authorized signatory was Chief Executive Officer Mohamed Seghir.

Resolution No. 319 of 2024 focuses on the temporary suspension of trading shares of Hayah Insurance Company P.J.S.C. The resolution is based on Article No. 16 of the Regulations concerning the listing of securities on ADX. The Board of Directors of Hayah Insurance Company will hold a meeting at 11:00 on 13-Mar-2024. As the meeting time overlaps with the ADX trading session, trading in GCIC shares will be suspended from 09:00 on 13-Mar-2024 until the ADX receives the meeting results. All heads of departments in ADX are required to execute this resolution in their respective fields. The resolution will be circulated to SCA, the concerned company, all departments at ADX, and all brokers accredited by ADX. The resolution was issued on 07/03/2024.

HAYAH Insurance Company P.J.S.C, a public joint stock company with a paid-up capital of AED 200 million, is located on the 16th floor of the Sheikh Sultan Bin Hamdan Building on Corniche Road in Abu Dhabi, UAE. The company, registered at the Central Bank of the UAE, has a meeting scheduled for Wednesday, March 13, 2024, at 11:00 AM. The meeting's agenda includes approval of previous meeting minutes, discussion and approval of audited financial statements for 2023, discussion of the Annual General Assembly Agenda, and setting the date and time for that meeting. The CEO, Mr. Mohamed Seghir, is the authorized signatory. A copy of the meeting's details has been forwarded to the Security and Commodities Authority (SCA).

HAYAH Insurance Company P.J.S.C, based in Abu Dhabi, is a Public Joint Stock Company funded with a paid-up capital of AED 200 million. It was registered at the Central Bank of the UAE on 16/09/2008. The company was established on 13.08.2008 and is chaired by Mr. Mohamed Abdullatif Kanoo with Mr. Mohamed Seghir serving as the Managing Director. The company's external auditing is done by KPMG. The preliminary results for 2023 show an increase in total assets, insurance revenues, and a decrease in shareholders' equity, insurance service result, and net profit for the period compared to 2022. The company's gross written premium for 2023 was AED 88.9m, a 23.9% increase from 2022. However, the company posted a net loss of AED 5.62m based on the preliminary results.

HAYAH Insurance Company P.J.S.C, a public joint stock company with a paid-up capital of AED 200 million, is registered at the Central Bank of the UAE with registration number 83, dated 16/09/2008. The company is located on the 16th floor of the Sheikh Sultan Bin Hamdan Building, Corniche Road, Abu Dhabi, UAE. On 19th December 2023, the company held a board meeting from 12:00 PM to 01:20 PM, attended by 7 board members and achieving a 78% quorum. The board discussed recent developments in business and administrative matters. The authorized signatory is Mohamed Seghir, the Chief Executive Officer.