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 six-month period ending on June 30, 2024.

Al Ain Ahlia Insurance Co. (PSC), incorporated in Abu Dhabi in 1975 under Law No. 18 and registered on 8th August 1984, held a Board of Directors meeting on Wednesday, 14th August 2024, from 12:00 PM to 01:00 PM. All seven board members were present, achieving a 100% quorum. The meeting resulted in the approval of the minutes from the previous meeting on 18th July 2024, the ratification of the financial statements for the second quarter of 2024, and the discussion and approval of the board committees' recommendations. The meeting was authorized by Yaser Ibrahim Hmedan, the Board Secretary. The company's paid capital is AED 150,000,000.

Resolution No. (463) of 2024 announces the temporary suspension of trading in the shares of Al Ain Alahlia Insurance Co. (AAAIC) on the Abu Dhabi Securities Exchange (ADX). This suspension will take place from 12:00 on August 14, 2024, coinciding with the company's Board of Directors meeting, and will remain in effect until ADX receives the meeting results. The resolution mandates that all relevant ADX departments implement 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 August 8, 2024.

Al Ain Ahlia Insurance Company, incorporated in Abu Dhabi by Law No. 18 of 1975 and registered under No. 3 on 8/8/1984 in the Insurance Companies Register, operates under the provisions of Federal Decree-Law No. 48 of 2023 regulating insurance activities. The company has a paid capital of AED 150,000,000. A board meeting is scheduled for Wednesday, August 14, 2024, at 12:00 PM to discuss the ordinary business of the company and any other items. The meeting will be attended by Yaser Ibrahim Hmedan, the Board Secretary, who is the authorized signatory.

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, July 18, 2024, the Board of Directors held a meeting from 12:00 PM to 1:00 PM with all seven members present, achieving a 100% quorum. During the meeting, the board approved the minutes from the May 13, 2024 meeting, discussed and approved recommendations from Board Committees, and approved various policies and procedures related to financial reporting, external auditors, fraud, underwriting, succession, recovery plans, and enterprise risk management. They also reviewed and acknowledged circulars from the Central Bank. The meeting details were signed off by Yaser Ibrahim Hmedan, Board Secretary.

Incorporated in Abu Dhabi by Law No. 18 of 1975 and registered under No. 3 on 8/8/1984 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 has a paid capital of AED 150,000,000. A board meeting is scheduled for Thursday, 18th July 2024, at 11:00 AM to discuss the ordinary business of the company and any other items. The meeting will be authorized by Yaser Ibrahim Hmedan, the Board Secretary.

The text refers to the unaudited condensed interim consolidated financial information of Al Ain Ahlia Insurance Company P.S.C. for the three-month period ending on 31 March 2024.

The Al Ain Ahlia Insurance Co. (PSC) held a board meeting on 13th May 2024. All seven board members were present, and they approved minutes from previous meetings, the company's Q1/2024 results, and the work of board committees. They also approved changes to the company's organizational structure, including changing the title of "General Manager" to "CEO", redesignating the Internal Audit Manager as the Head of Internal Audit, and appointing new heads of Compliance and Risk, as well as an In-House Actuary. The board also approved amendments to various company policies. They discussed a Central Bank Circular regarding financial reporting and external audit for insurance companies and approved an action plan in response. The meeting was signed off by the Board Secretary, Yaser Ibrahim Hmedan.

The Al Ain Ahlia Insurance Company, incorporated in Abu Dhabi in 1975 under Law (18), is registered under No. (3) as of 8/8/1984 in the Insurance Companies Register. The company operates under the provisions of 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 Monday, 13th May 2024, starting at 12:00 PM, to discuss the company's ordinary business and any other items. The authorized signatory is Yaser Ibrahim Hmedan, the Board Secretary.