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The Islamic Arab Insurance Company - SALAMA (PSC) has announced a board meeting on 29th March 2024. The meeting will discuss and approve the audited financial results for the fiscal year ending on 31st December 2023, discuss the appointment of external auditors and their remuneration, approve the Corporate Governance report for 2023, and consider amending the company's articles of association to align with the latest laws and regulations. Other general matters will also be discussed. The meeting will be led by the General Counsel, Khaled Barakat.

The Annual General Assembly meeting of Waha Capital PJSC was held on 26th March 2024 at 12:00 p.m. The results of the meeting have been disclosed and sent to the Market Operations Surveillance Department of the Abu Dhabi Securities Exchange. A copy of the results was also sent to the Securities and Commodities Authority.

Watania International Holding PJSC has reported accumulated losses of AED 45.9M, which amounts to 17.67% of its paid-up capital. The losses are primarily due to an exceptional loss of AED 53 million in FY22, attributed to one-off merger costs, increased hospital utilization post-Covid, and market pricing pressures during the pandemic. However, the company has initiated a successful turnaround strategy in 2023, driven by the integration process following a merger in July 2022, and leveraging opportunities from consolidated operations. The company managed to close the financial year 2023 with a profit of AED13.3M.