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On March 25, 2024, a letter was sent to Mr. Hamed Ahmed Ali, the CEO of Dubai Financial Market, from Alan Williamson, the CEO of Taaleem Holdings PJSC. The letter informed Mr. Ali about a scheduled Board of Directors meeting for Taaleem Holdings PJSC. The meeting is set for March 28, 2024, at 3:00 pm, at the company's office premises and will also be accessible remotely. The agenda includes reviewing and approving the Interim Condensed Consolidated Financial Statements for the three-month period ended on February 29, 2024, discussing routine business matters, following up on the company's activities, and addressing any other topics approved by the Chairman. A copy of the letter was also sent to the Securities and Commodities Authority.
On March 25, 2024, Takaful Emarat - Insurance PSC informed Mr. Hamed Ahmed Ali, the CEO of the Dubai Financial Market, that the permitted percentage of foreign ownership in the company's capital has been increased from 25% to 49%. This change is in accordance with Article 7 of the company's articles of association. The last trading date for the 25% limit will be on March 26, 2024, and the increase will be effective from March 27, 2024. The information was conveyed by Rayan Omer, the Board Secretary of Takaful Emarat - Insurance PSC.
On March 22, 2024, the Board of Directors of the Islamic Arab Insurance Co. – SALAMA P.S.C approved the invitation and agenda for the Annual General Assembly scheduled for April 25, 2024. The approval, which was supported by 85.75% of the board members, is subject to regulatory approvals from the Central Bank of the United Arab Emirates and the Securities and Commodities Authority. The decision was signed by Khaled Barakat, the company's General Counsel.
Ithmaar Holding B.S.C. has invited its shareholders to attend the Annual Ordinary General Meeting on 25 March 2024. The meeting will take place at The Ritz-Carlton Hotel in the Seef District, Kingdom of Bahrain. The agenda includes approving the minutes of the previous meeting, discussing and approving the Directors' Report and the Company's Consolidated Financial Statements for the year ended 31 December 2023, and adopting the Board of Directors' recommendation to transfer the losses for the same year to the accumulated losses. If the quorum is not achieved, additional meetings are scheduled for 1 April and 8 April 2024.