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Sukoon Insurance PJSC, a prominent insurance provider in the UAE, is celebrating its 50th anniversary in 2025. Established in 1975, the company has become one of the top three insurers listed on the Dubai Financial Market (DFM). Sukoon Insurance is recognized for its customer-centric solutions, risk management, and innovation, serving 1.36 million insured members in the UAE. The company has won several industry awards, including UAE’s Best Insurer of the Year and the Innovation of the Year award. The recent rebranding to "Sukoon Insurance" reflects its commitment to future growth and reliability. CEO Jean-Louis Laurent Josi emphasized the company's dedication to customers, partners, and shareholders, highlighting their record gross premium written (GPW) as a sign of trust and success. Sukoon Insurance plans to focus on continued growth and innovation to meet evolving customer needs in the UAE and beyond.

The Dubai Financial Market (PJSC) has scheduled an Earnings Call Meeting for February 4, 2025, at 3:00 PM. The meeting will focus on discussing the company's annual financial results for the year ending December 31, 2024.

The disclosure clarifies the approval process for proxies to attend the General Meeting in accordance with Clauses 1 and 2 of Article 40 of the Corporate Governance Manual. Shareholders can delegate someone, not a board member, company staff, or securities brokerage employee, to attend and vote at the general assembly on their behalf through a written delegation. The delegate cannot represent more than 5% of the company's issued capital. Legal representatives must represent those lacking legal capacity. The shareholder's signature on the power of attorney must be verified by a Notary Public, a chamber of commerce or economic department, a licensed bank or company where the shareholder holds an account, licensed financial markets, or any other licensed attestation entity.

The disclosure clarifies the approval process for proxies attending the General Meeting as per Article 40 of the Corporate Governance Manual. Shareholders can delegate someone, excluding Board members, company staff, or securities brokerage employees, to attend and vote at the general assembly on their behalf through a written delegation. The delegated person should not represent more than 5% of the company's issued capital. Persons without legal capacity must be represented by their legal representatives. The shareholder's signature on the power of attorney must be verified by a Notary Public, a chamber of commerce or economic department, a licensed bank or company where the agent has an account, licensed financial markets, or any other licensed attestation entity.

The Dubai Financial Market (DFM) reported strong growth in 2024, with a 24% increase in net profit (pre-tax) to AED 409.3 million, compared to AED 329.6 million in 2023. The DFM General Index rose by 27.1%, reaching its highest level since September 2014, and market capitalization increased by 32% to AED 907 billion. The market onboarded 138,262 new investors, with 85% being foreign nationals, and raised AED 10.48 billion through three successful IPOs. The Board of Directors proposed a cash dividend of AED 256 million, representing 97% of the total retained earnings available for distribution. The results underscore DFM's position as a leading financial exchange in the region, driven by robust trading volumes, capital inflows, and increased investor activity.

On January 30, 2025, the Board of Directors of Dubai Financial Market (PJSC) held a meeting where they approved the company's consolidated financial statements for the year ending December 31, 2024. They also recommended distributing a cash dividend of AED 256 million, representing 3.2% of the capital and 97% of the total retained earnings available for distribution, pending approval from the Annual General Assembly. Additionally, the agenda and invitation for the 2024 Annual General Assembly Meeting were approved, subject to the Securities and Commodities Authority's approval. The meeting also addressed regular matters and other business.