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Dubai Insurance Co. has informed the Dubai Financial Market that a Board of Directors meeting will be held on 20th March 2024. The meeting, which will take place at the company's head office, will involve the election of a Chairman, Vice Chairman, and the establishment of committees from members elected by the General Assembly. The communication was made by Sahem Abdelhaq, the Head of Legal & Compliance at Dubai Insurance Co.
The text appears to be an announcement or introduction to the Integrated Annual Report for 2023 by Empower, a company involved in finance and investing. The report likely includes information about the company's financials, engagement strategy, and governance index.
Resolution No. 329 of 2024 states that trading on the shares of Sharjah Cement and Industrial Development Co. will be temporarily suspended. This suspension is due to coincide with the company's board of directors meeting on 21-Mar-2024 which is scheduled at the same time as the trading session at ADX. The trading will be halted from 09:00 on 21-Mar-2024 until the results of the meeting are received by ADX. The resolution instructs all heads of departments in ADX to enforce this decision in their respective fields. The resolution will be circulated to SCA, the concerned company, all departments at ADX, and all brokers accredited by ADX. The resolution was issued on 15/03/2024.
On March 15, 2024, Air Arabia held its Annual General Meeting (AGM) as previously announced. The AGM approved the following: the Board of Directors' report on the company's activities; the External Auditors' report; the Balance Sheet and the Profit and Loss Accounts; a 20% Cash Dividend Distribution, equating to 20 Fils per share; board remuneration; absolution of the board members and the External Auditor of responsibility for the year 2023; and the appointment of the external auditor for 2024 along with their fee. The meeting was communicated to Dr. Maryam Al Suwaidi, CEO of ESCA, and Mr. Hamed Ahmed Ali, CEO of DFM, by Abdelrahman Bin Taliah, Director of Corporate & Government Affairs.
HAYAH Insurance Company P.J.S.C, a Public Joint Stock Company registered at the Central Bank of the UAE, held a board meeting on 13th March 2024. The meeting began at 11:00 AM and ended at 12:40 PM, with seven board members present and a quorum of 78% achieved. The minutes of the previous meeting were approved. The board discussed the preliminary financial results for 2023, with the full statement to be uploaded after Central Bank approval. The Annual General Assembly agenda was discussed and approved. Administrative and operational issues were also addressed. The CEO, Mohamed Seghir, is the authorized signatory.