Press releases, Reports & Disclosures for Union Insurance Company

Resolution No. (403) of 2024 temporarily suspends trading of Union Insurance Company shares on ADX due to the company's Board of Directors meeting scheduled at 10:00 on 13-May-2024, which coincides with the trading session. Trading will be suspended from 09:00 on 13-May-2024 until the meeting results are received by ADX. All department heads in ADX are required to execute this resolution in their respective fields. The resolution is to 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 was issued on 09/05/2024.

The text discusses the modification of the Commercial Companies Law No. 2 of 2015, which has been replaced by the Commercial Companies Law No. 32 of 2021. The Central Bank of the United Arab Emirates (CBUAE) notes that this change impacts the establishment of companies. The text also references a previous amendment to the company's foundational system in accordance with the Commercial Companies Law No. 2 of 2015, which was approved in a special resolution by the General Assembly of the company on 24/04/2016.

Union Insurance Company has announced the opening of nominations for its Board of Directors. The nomination period will run from 29/03/2024 to 08/04/2024. Interested shareholders who meet the required conditions can submit their applications in person at the company's Dubai headquarters or via email. The board will consist of seven members. The company will publish a list of candidates on its website and at its headquarters on 16/04/2024. All nominations must comply with Federal Law No. (32) of 2021 and the Chairman of the Authority’s Board of Directors’ Decision no. (3/RM) of 2020. After the nomination period ends, candidates cannot transfer their nomination to another person.

The text provides contact information for Union Insurance located in the Single Business Tower on Sheikh Zayed Road in Dubai, United Arab Emirates. It mentions their address, P.O. Box number, and two contact numbers.