Abu Dhabi National Takaful Co.

The text refers to a review report and condensed interim financial information for Abu Dhabi National Takaful Company P.S.C. for the three-month period ended 31 March 2024.

The Abu Dhabi National Takaful Company - PSC -Takaful held a board meeting on May 14, 2024, from 11:00 AM to 12:00 PM. All 9 members of the board were present, achieving a 100% quorum. The board approved the minutes of the previous meeting, the financial statements for the period ended March 31, 2024, and discussed and approved general operational issues. The meeting's results were disclosed by the Chief Executive Officer, Osama Abdeen.

Resolution No. 411 of 2024 announces the temporary suspension of trading on the shares of Abu Dhabi National Takaful Co. on the Abu Dhabi Securities Exchange (ADX). The suspension is due to coincide with the company's Board of Directors meeting scheduled for 11:00 on 14-May-2024. Trading will be suspended from 09:00 on the same day until ADX receives the meeting results. The resolution instructs all department heads in ADX to execute this decision and circulate it to the Securities and Commodities Authority (SCA), the concerned company, all ADX departments, and all ADX-accredited brokers. The resolution was issued on 10/05/2024.

The Abu Dhabi National Takaful Company PSC held a meeting on Tuesday, 14th May 2024, starting at 11:00 AM. The agenda included approving the minutes of the previous Board of Directors meeting, discussing and approving the Financial Statements for the period ending 31st March 2024, and discussing and approving other general matters. The meeting was authorized by the Chief Executive Officer, Osama Abdeen.

On April 16, 2024, Abu Dhabi National Takaful Co. P.S.C - Takaful held a General Assembly Meeting from 11:00 AM to 12:05 PM at the company's head office with remote attendance. The meeting, chaired by Mr. Khalid Deemas Alsuwaidi, had a quorum of 87.85% attendance, all through electronic voting. The assembly approved the Board of Directors' report on the company's activity and financial position for the fiscal year ending on December 31, 2023, the Auditor's Report for the same period, and the Internal Sharia Supervisory Board's Report. The company's balance sheet and profit and loss account for the fiscal year ending on December 31, 2023, were discussed and approved. The Board of Directors' proposal for the distribution of cash dividends amounting to 31,500,000 AED, representing 30% of paid-up capital or 31.50 fils per share, was also approved.

On March 6, 2024, the Board of Directors of Abu Dhabi National Takaful Company - PSC - Takaful held a meeting from 11:00 AM to 1:00 PM. All nine board members were present, achieving a 100% quorum. The board approved the minutes of the previous meeting and the company's financial statements for the period ending December 31, 2023. They also approved the invitation to the general assembly meeting scheduled for April 16, 2024, subject to necessary approvals. The board proposed cash dividends of AED 31,500,000.00, representing 30.00% of the paid capital or 31.50 fils per share. The reformation of BOD committees was approved and general operational issues were discussed and approved. The meeting's decisions were signed by CEO Osama Abdeen.

On March 6, 2024, the Abu Dhabi National Takaful Company - PSC -Takaful held a board meeting with all nine members present. The meeting approved the minutes of the previous board meeting and the company's financial statements for the period ending December 31, 2023. The board also approved the invitation to the general assembly meeting scheduled for April 16, 2024, and the meeting's agenda, pending necessary approvals from competent authorities. The board proposed cash dividends of AED 31,500,000.00, representing 30.00% of the paid capital or 31.50 fils per share, to be presented to the General Assembly. Additionally, the board approved the reformation of its committees and discussed and approved general operational issues. The meeting was signed off by the CEO, Osama Abdeen.

Resolution No. 308 of 2024 temporarily suspends trading on the shares of Abu Dhabi National Takaful Co. on the ADX. This is due to a Board of Directors Meeting scheduled for 11:00 on 6-Mar-2024, which coincides with the trading session at ADX. Trading will be suspended from 09:00 on 6-Mar-2024 until ADX receives the meeting results. All heads of departments in ADX are required to execute this resolution in their respective fields. This resolution will be circulated to SCA, the concerned company, all departments at ADX, and all brokers accredited by ADX. The resolution was approved by the authorized person and issued on 01/03/2024.