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Orient Takaful PJSC has released its Integrated Report for 2024, which includes the Board of Directors’ Report, Auditor’s Report, Financial Statement of 2024, Corporate Governance Report, ESG Report, and Shariah Supervisory Committee Report.
Sukoon Insurance PJSC has announced that its Board of Directors passed a resolution by circulation on March 28, 2025. The resolution approved an increase in the authorized share capital of "Sukoon Workplace Savings Solutions Limited" by USD 2 million, raising it from USD 2 million to USD 4 million, represented by 2,000,000 ordinary shares at USD 1 each. Additionally, the paid-up share capital of the company was increased by USD 500,000, from USD 2 million to USD 2.5 million, represented by 500,000 ordinary shares at USD 1 each. The Board also recommended amending the Articles of Association to reflect these changes and authorized the board of "Sukoon Workplace Savings Solutions Limited" to implement the amendments. The information was communicated to Mr. Hamed Ahmad Ali, Executive Chief Officer of the Dubai Financial Market, and copied to Mrs. Maryam Butti Al Suwaidi, Deputy CEO of the Securities and Commodities Authority in Abu Dhabi.
Shuaa Capital PSC, a licensed financial investment company regulated by the Securities and Commodities Authority, has its headquarters at The H Hotel, Office Tower, 15th Floor, Office No. 1502, Dubai, UAE. The company recently informed Mr. Hamid Ahmed Ali, the CEO of the Dubai Financial Market, that its Board of Directors approved several resolutions through circulation. These include the adoption of the company's integrated annual report for 2024, which includes the governance report, and the approval to increase the company's capital by issuing 1,123,302,945 new shares at a conversion price of 0.32 AED per share. This increase results from the conversion of mandatory convertible bonds, and the new shares will be listed on the Dubai Financial Market. Other company-related matters were also addressed. The notice was signed by Islam Mahrous, the Chief Compliance Officer.
On March 27, 2025, a meeting of the Board of Directors of Orient Insurance PJSC was held electronically at 10:00 am. During the meeting, the board approved the management action plan related to the year-end 2024 actuarial pricing report, reviewed the company's general business matters, and discussed other arising business.