Press releases, Reports & Disclosures for Al Ain Alahlia Insurance Co.

Al Ain Ahlia Insurance Company P.S.C. has released its unaudited condensed interim consolidated financial information for the nine-month period ending on September 30, 2024.

The document is the unaudited condensed interim consolidated financial information for Al Ain Ahlia Insurance Company P.S.C. for the nine-month period ending on September 30, 2024.

Al Ain Ahlia Insurance Co. (PSC), incorporated in Abu Dhabi in 1975 and registered in 1984, operates under Federal Decree-Law No. 48 of 2023 regulating insurance activities with a paid capital of AED 150,000,000. On Thursday, November 14, 2024, the company's Board of Directors held a meeting with six members present, achieving an 85% quorum. The board approved the minutes from the previous meeting on September 12, 2024, discussed the financial statements for the third quarter of 2024, reviewed the work of board committees and approved their recommendations, and discussed the company's ordinary business. The meeting was documented by Board Secretary Yaser Ibrahim Hmedan.

Al Ain Ahlia Insurance Company, incorporated in Abu Dhabi in 1975 and registered in 1984, operates under Federal Decree-Law No. 48 of 2023 regulating insurance activities, with a paid capital of AED 150,000,000. A board meeting is scheduled for Thursday, November 14, 2024, at 11:00 AM to discuss the financial statements for Q3 2024, the ordinary business of the company, and any other items. The meeting is authorized by Yaser Ibrahim Hmedan, the Board Secretary.

Resolution No. (518) of 2024 involves the temporary suspension of trading for the shares of Al Ain Alahlia Insurance Co. on the Abu Dhabi Securities Exchange (ADX). This suspension will occur because the company's Board of Directors meeting is scheduled for 11:00 on November 14, 2024, which coincides with the trading session. Trading will be halted from this time until ADX receives the results of the meeting. The resolution mandates that all relevant ADX departments enforce this decision and that it be communicated to the Securities and Commodities Authority (SCA), the concerned company, all ADX departments, and accredited brokers. The resolution was issued on November 8, 2024, and has been approved by the authorized person.

Al Ain Ahlia Insurance Company, incorporated in Abu Dhabi in 1975 and registered in 1984, operates under Federal Decree-Law No. 48 of 2023 regulating insurance activities, with a paid capital of AED 150,000,000. A board meeting is scheduled for Thursday, November 14, 2024, at 11:00 AM to discuss the financial statements for Q3/2024, the ordinary business of the company, and any other items. The meeting will be authorized by Yaser Ibrahim Hmedan, the Board Secretary.

Al Ain Ahlia Insurance Company, incorporated in Abu Dhabi in 1975 and registered in 1984, operates under Federal Decree-Law No. 48 of 2023, which regulates insurance activities. The company has a paid capital of AED 150,000,000. A board meeting is scheduled for Thursday, November 14, 2024, at 11:00 AM to discuss the company's ordinary business and any other items. The authorized signatory for the meeting is Yaser Ibrahim Hmedan, who serves as the Board Secretary.

Al Ain Ahlia Insurance Co. (PSC), incorporated in Abu Dhabi in 1975 and registered on 8/8/1984, operates under Federal Decree-Law No. (48) of 2023 regulating insurance activities, with a paid capital of AED 150,000,000. On Thursday, September 12, 2024, the Board of Directors held a meeting from 12:00 PM to 1:00 PM, attended by all seven board members, achieving a 100% quorum. The meeting resulted in the approval of the previous session's minutes (dated 14/08/2024), discussions on the work of the Board Committees, and approval of their recommendations, as well as discussions on the company's ordinary business. The meeting was documented by Yaser Ibrahim Hmedan, the Board Secretary.

Incorporated in Abu Dhabi by Law No. 18 of 1975 and registered on 8/8/1984 under Registration No. 3 in the Insurance Companies Register, Al Ain Ahlia Insurance Company operates under the provisions of Federal Decree-Law No. 48 of 2023 regulating insurance activities. The company's paid capital is AED 150,000,000. A board meeting is scheduled for Thursday, 12th September 2024, at 12:00 PM to discuss the ordinary business of the company and any other items. The meeting will be authorized by Yaser Ibrahim Hmedan, the Board Secretary.