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Threads on regulatory news from companies
The Islamic Arab Insurance Company (SALAMA) plans to have its Board of Directors pass a resolution by circulation on March 10, 2026. The resolution will address the approval of the upcoming issuance of mandatory convertible Sukuk, the announcement of the opening of nominations for the Board of Directors, and the convening of the Annual General Meeting, in coordination with regulatory authorities. Additionally, general business-related matters of the company will be discussed. The communication is addressed to H.E. Waleed Saeed Abdul Salam Al Awadhi, CEO of the Capital Market Authority, and Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market.
The Extraordinary General Meeting was postponed due to the lack of a quorum on Thursday. A second meeting is scheduled for Sunday, March 8, 2026, at 1:30 pm, to be held at Al Dana Ballroom, Le Meridien Hotel, City Centre Bahrain, Seef District, Kingdom of Bahrain. The announcement was made by Saqib Mustafa, the authorized signatory.
A shareholder of Ithmaar Holding B.S.C. is appointing a proxy to represent and vote on their behalf at the company's Annual Ordinary General Meeting scheduled for March 29, 2026, at The Westin City Centre Bahrain Hotel. If the meeting lacks quorum, subsequent meetings are planned for April 5 and April 12, 2026, at the same venue and time. The proxy is authorized to vote on several agenda items, including approving the minutes from the previous meeting, discussing and approving reports from the Directors, Sharia Supervisory Board, and External Auditors, and approving the company's consolidated financial statements for 2025. Additionally, the proxy will vote on the Board of Directors' recommendation to allocate funds to statutory reserves and accumulated losses, pending regulatory approvals.