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The General Assembly Meeting scheduled for 05/09/2024 has been postponed due to the lack of a quorum. The second meeting will now take place on Thursday, 12/09/2024, at the same venue and time. This notice was issued by Saeed Ahmed Ghareib Alseridi, the General Manager, and a copy has been sent to the Securities and Commodities Authority (SCA).
The Board of Directors meeting initially scheduled for September 5, 2024, has been postponed to September 12, 2024, at 12:00 PM. This information was communicated by Saeed Ahmed Ghareib Alseridi, the General Manager, with a copy sent to the Securities and Commodities Authority.
The Board of Directors of Al Yah Satellite Communications PJSC (the Company) invites shareholders to attend the general assembly meeting either in person at the Company’s offices in Al Falah City, Abu Dhabi, or virtually through an electronic link. The meeting will be held on Thursday, September 26, 2024, at 4:00 PM (UAE time) to discuss and vote on the following agenda items: 1. Authorize the chairman to appoint a meeting secretary and vote collector. 2. Approve the interim cash dividend of AED 204,940,703 (8.40 fils per share) for the first half of 2024. 3. Approve the Board of Directors' remuneration for 2024 until the meeting date. 4. Discharge the Board members from liability for 2024 until the meeting date, or dismiss them and file claims against them. Notes: - Shareholders attending virtually must register electronically to vote, with registration open from 4 PM on September 25, 2024, to 4 PM on September 26, 2024, at www.smartagm.ae. - Proxies must send a copy of their proxy to is@bankfab.com with their name and mobile number. - Shareholders can delegate others to attend on their behalf, following specific guidelines. - The meeting requires at least 50% of the Company's share capital represented to be valid. If not, a second meeting will be held on October 3, 2024. - The Board resolved to call this meeting before completing the merger with Bayanat AI PLC. - The virtual meeting will be recorded, and shareholders can discuss agenda items and ask questions. The proxy form allows shareholders to appoint a representative to vote on their behalf at the meeting.
On April 9, 2024, Takaful Emarat Insurance PSC announced the resignation of Mr. Omar Al Romaithi, an independent, non-executive board member, due to personal reasons. The resignation was accepted and became effective on the same date. The announcement was authorized by Mohammed Abu Quora, the Chief Executive Officer, and was signed and sealed on April 9, 2024.
Sukoon Insurance PJSC has completed the acquisition of the UAE Life insurance portfolio from Chubb Tempest Life Reinsurance Ltd. The agreement, signed on August 24, 2023, aligns with Sukoon's strategy to become a regional leader in life insurance. The transfer, which includes unit-linked and protection life insurance policies, has been approved by the Central Bank of the UAE and the Bermudan Monetary Authority. The migration of the portfolio is now complete. Sukoon will continue to provide policyholders with high-quality insurance services and 24/7 access to their policies and investments via its digital platform. The terms and conditions of the policies issued by Chubb remain unchanged. Emmanuel Deschamps, a member of Sukoon's Executive Committee and Head of Individual Life and Workplace Saving, stated that the transaction strengthens their market position and supports their strategy to grow their life insurance portfolio.
GFH Financial Group B.S.C. disclosed its market-making activities for August 2024, in compliance with the Central Bank of Bahrain's requirements for monthly reporting by listed companies. The details include transactions by the market maker SICO in Bahrain Bourse and the liquidity provider BHM Capital in Dubai Financial Market and Abu Dhabi Securities Exchange. As of August 31, 2024, SICO purchased 3,198,598 securities and sold 1,274,448 securities. The total money paid was USD 1,007,885, while the total money received was USD 411,461. The securities balance stood at 2,925,000, and the cash balance was USD 4,920,869.
Date: September 04, 2024 To: Mr. Hamed Ahmed Ali Chief Executive Officer Dubai Financial Market Dubai, United Arab Emirates Subject: Board Meeting Results - Dubai Taxi Company P.J.S.C. - The “Company” The Board of Directors of “Dubai Taxi Company P.J.S.C.” met on Wednesday, September 04, 2024, at 3:00 pm at the Company’s headquarters, achieving legal quorum. The Board discussed and resolved internal matters related to the Company’s business. Best Regards, Vicken Khochafian Board Secretary and Governance Director cc: Securities and Commodities Authority
National International Holding Co. K.P.S.C. (NIH) informed Mr. Hamed Ahmed Ali, CEO of Dubai Financial Market, about the sale of treasury shares. The disclosure was made on 04/09/2024 by Mamdouh A. EL Sherbiny, CEO and Board Member of NIH. The company, established in 1979 with authorized and paid capital of 23,455,301 600 K.D, is located in Sharq, Kuwait.