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Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From RAK Properties

Disclosures: RAK Properties Delivers Strong Financial Results in H1 2024, Driven by Robust Sales and Strategic Growth

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Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From United Fidelity Insurance Company (P.S.C)

Disclosures: United Fidelity Insurance Company (P.S.C) Announcement of Board Meeting to be held on 14/08/2024 at 12:00 PM

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Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Aram Group

Disclosures: Aram Group Announcement of Board Meeting to be held on 13/08/2024 at 11:00

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Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Hayah Insurance Company P.J.S.C

Disclosures: Hayah Insurance Company P.J.S.C Invitation to Attend AGM held on 30/08/2024 at 14:00

The Board of Directors of HAYAH Insurance Company (P.J.S.C) invites shareholders to attend the General Assembly Meeting on Friday, 30/08/2024 at 2:00 PM, either in person at the company's head office in Abu Dhabi or remotely online. The agenda includes the ratification of Mr. Samer Abdul Rahman Katerji as a board member and the election of a board member for a vacant position. Shareholders can register and vote online via smartagm.ae. Proxies are allowed under specific conditions, and corporate persons can delegate representatives. The right to vote is granted to shareholders registered by 29/08/2024. Financial statements and Corporate Governance reports are available on the Abu Dhabi Securities Exchange and the company's website. A quorum of at least 50% of the share capital is required for the meeting's validity. If the quorum is not met, a second meeting will be held on 06/09/2024. More information on investor rights is available on the Securities and Commodities Authority’s website.

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Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From International Holding Company PJSC

Disclosures: Disclaimer from International Holding Company PJSC - Phishing Mails

International Holding Company PJSC (IHC) has issued a warning regarding the protection of personal and financial information. The company has identified that scammers are using IHC's name, employee names, and logo to promote fraudulent investment opportunities and tenders online. These scammers request personal, business, and financial information, including credit card and bank details, to pay tender fees or invest in the company. IHC emphasizes that it never sends tender requests or communications asking for personal, business, or financial information via email, mail, or any other means, nor does it request payments or investments in such a manner. If you receive such a request claiming to be from IHC, treat it with caution and do not provide any sensitive information. Before making any payments to unknown sources, verify the legitimacy of emails or domains claiming to be from IHC by checking the sender’s email address. Official communications will always come from an "@ihcuae.com" domain. To protect yourself from scams, stay updated with IHC’s latest news by visiting their official website (ihcuae.com) or viewing regular news and disclosures on ADX (adx.ae).

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Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Abu Dhabi Aviation Co.

Disclosures: Abu Dhabi Aviation Co. Financial Results for the Period Ended June 30,2024

The document is a review report and condensed consolidated interim financial information for Abu Dhabi Aviation PJSC, covering the six-month period ending on June 30, 2024. This report is unaudited.

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Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Abu Dhabi Aviation Co.

Disclosures: Abu Dhabi Aviation Co. Board Meeting Results held on 08/08/2024 at 14:00

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Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Abu Dhabi National Insurance Company

Disclosures: Abu Dhabi National Insurance Company Management Report for the Period Ended June 30,2024

The Chief Executive Officer of Abu Dhabi National Insurance Company (ADNIC) reported on the company's performance for the six-month period ending June 30, 2024. ADNIC demonstrated strong financial results and successfully executed strategic growth initiatives, including the acquisition of a 51% stake in Allianz Saudi Fransi Cooperative Insurance Company (ASF) in Saudi Arabia. This acquisition was funded entirely by ADNIC's own resources and is expected to enhance their insurance offerings across the GCC. Despite severe flooding in the UAE due to unprecedented rainfall, ADNIC effectively managed the crisis through its robust risk management and reinsurance programs. Financial highlights for the period include a 54% year-on-year increase in total insurance revenue, reaching AED 3.3 billion, a 15% increase in net insurance service result to AED 204.3 million, and an 8% increase in net income from investment to AED 119.1 million. However, other operating expenses rose to AED 108.9 million, primarily due to the consolidation of ASF and related projects.

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Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Abu Dhabi National Insurance Company

Disclosures: Abu Dhabi National Insurance Company Management Discussion and Analysis Report for the Period Ended June 30,2024

Abu Dhabi National Insurance Company PJSC (ADNIC) reported strong financial performance for the first half of 2024. Key metrics include a combined ratio of 92%, net insurance service results of AED 204.3 million, and a record Gross Written Premium (GWP) of AED 4,406 million, marking a 47% increase from the previous year. Group consolidated investment income rose by 8% to AED 119.1 million. Total assets increased by 41% to AED 10.9 billion as of June 30, 2024, while total shareholders’ equity stood at AED 3.2 billion. The expense ratio was maintained at 12%. ADNIC also completed a strategic acquisition, taking a 51% stake in Allianz Saudi Arabia Cooperative Insurance Company, enhancing its regional presence. Despite record-breaking rainfall and flooding in the UAE earlier this year, effective emergency response minimized the impact. ADNIC remains committed to sustainability initiatives benefiting both customers and communities. Operationally, net profit before tax reached AED 224.3 million, a 10% year-over-year increase, with net profit after tax at AED 205.2 million. Earnings before tax per share rose from AED 0.36 to AED 0.39.

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Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Abu Dhabi National Insurance Company

Disclosures: Abu Dhabi National Insurance Company Board of Directors' Report for the Period Ended June 30,2024

The Board of Directors of Abu Dhabi National Insurance Company (ADNIC) reported its financial results for the six-month period ending June 30, 2024. ADNIC completed the strategic acquisition of a 51% stake in Allianz Saudi Fransi Cooperative Insurance Company (ASF) in Saudi Arabia, consolidating ASF's results from April 17, 2024. ADNIC showed strong underwriting performance with a combined ratio of 92% and net insurance service results of AED 204.3 million. The company achieved a record Gross Written Premium (GWP) of AED 4,406 million, a 47% increase from the same period last year. Group consolidated investment income rose by 8% to AED 119.1 million. Despite ongoing investments, ADNIC managed to control general expenses, maintaining an expense ratio of 12%. The company reported a net profit before tax of AED 224.3 million, a 10% increase from last year. The UAE experienced record rainfall in April, but effective emergency response mitigated the impact. ADNIC expressed gratitude to UAE leadership and highlighted its strong financial foundation and skilled team as key factors for future opportunities in the insurance sector. The company aims to deliver sustainable value to shareholders and contribute to the region's insurance sector development.

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