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The letter, dated March 14, 2024, is from Mohammad Adnan Sharafi, Secretary to the Board of Directors of the Abu Dhabi National Energy Company PJSC ("TAQA" or "Company"). It is addressed to Mr. Hamad A. Al Ali, Acting Head of Listed Companies Affairs at the Abu Dhabi Securities Exchange. The letter discusses the results of TAQA's Annual General Assembly meeting, which took place both in-person at the company's headquarters in Abu Dhabi and virtually with the participation of shareholders, on March 14, 2024, at 3:00 pm.
On 14th March 2024, GFH Financial Group announced that it has purchased 40,163,773 of its own shares (treasury shares). This acquisition increases the company's total holding of treasury shares from 108,029,833 (representing 2.82% of the total issued shares) to 148,193,606 (representing 3.87% of the total issued shares). The decision to purchase was taken during the company's board meeting in September 2021 and received approval from the Authority in March 2024. The average purchase price was USD 9420 per share, representing 1.048% of the issued capital.
On 14/03/2024, GFH Financial Group B.S.C announced the nomination results for the Membership of the Board of Directors (BOD) for the period of 2024-2027. The updated list of nominees who meet all the nomination requirements includes 19 individuals. The company has attached files for further information on the nominees.
Sukoon Insurance PJSC has announced a board meeting scheduled for Tuesday, 19th March 2024 at 10:00 am. The meeting will be held at the company's head office in Dubai and through 'Teams' video conferencing. The agenda for the meeting includes a general review of the company's business, review and approval of compliance policies and procedures, and review and approval of the Central Bank of the UAE's underwriting & pricing reports. The notice was addressed to Mr. Hamed Ahmad Ali, Executive Chief Officer of Dubai Financial Market, and copied to Mrs. Maryam Butti Al Suwaidi, Deputy CEO of Licensing, Supervision, Enforcement Affairs at the Securities and Commodities Authority in Abu Dhabi.
The Arabian Scandinavian Insurance Company (Sukoon Takaful), a UAE-based company with a paid-up capital of 154,000,000, has announced a Board of Directors meeting. The meeting is scheduled for Tuesday, 19th March 2024 at 12:15 pm, at the head office in Dubai, and will be conducted via Teams video conferencing. The agenda of the meeting will include a general review of the company's business. The Executive Chief Officer of the Dubai Financial Market, Mr. Hamed Ahmad Ali, has been informed about this meeting. A copy of the notice has also been sent to Mrs. Maryam Butti Al Suwaidi, Deputy CEO of Licensing, Supervision, Enforcement Affairs at the Securities and Commodities Authority in Abu Dhabi.
The Corporate Social Responsibility Policy of Al Ansari Financial Services PJSC (AAFS) is subject to adoption by shareholders in the General Assembly. The policy defines various terms including the Articles of Association, Board of Directors, Corporate Social Responsibility (CSR) Policy, Committees, Company, Companies Law, Governance Code, General Assembly, Senior Executive Management, Securities and Commodities Authority (SCA), and Special Resolution. The definitions include descriptions of company structure, legal references, and the management hierarchy.
Ithmaar Holding B.S.C. has announced the resignation of its Chief Executive Officer, Mr. Abdulla Abdulaziz Taleb, effective from 14 April 2024. Mr. Taleb is also stepping down from his role as CEO of Ithmaar Holding’s wholly-owned subsidiaries, Ithmaar Bank B.S.C. and IB Capital B.S.C. The board and executive management of Ithmaar Group expressed their gratitude for Mr. Taleb's contributions during his tenure.
The Board of Directors of Ajman Bank is inviting shareholders to attend the Annual General Meeting on 17th April 2024, at 10:00 AM. The meeting will be held at the Bank's HQ in Ajman, and shareholders can attend in person or participate remotely. The agenda includes reviewing and approving the Board's report, auditor's report, internal Sharia board's report, balance sheet, and profit and loss account for the fiscal year ending on 31st December 2023. Other items include the proposal not to distribute dividends, discharging Board members and external auditors, appointing new members of the internal Sharia board and external auditors, and electing new Board members. Shareholders can register their attendance electronically and are allowed to delegate a representative to attend. The meeting will be postponed to 24th April 2024 if a quorum of 50% is not reached.