Al Sagr National Insurance Company
Ticker/ISIN
ASNIC
AEA002101011
Market/Country
Dubai Financial Market
United Arab Emirates
About Al Sagr National Insurance Company
Country of Origin: United Arab Emirates (U.A.E)
Al-Sagr National Insurance Company (Public Shareholding Company), Dubai (the “Company”) was incorporated on 25 December 1979 as a public shareholding company by an Emiri Decree from His Highness, The Ruler of Dubai, and is registered with the Ministry of Economy of the United Arab Emirates under registration No. (16). The principal activity of the Company is writing of insurance of all types. The Company operates through its Head Office in Dubai and its branches in Dubai, Sharjah, Abu Dhabi, Al Ain, Ras Al Khaima and Ajman in the U.A.E.
Latest Pressrelease Summaries from Al Sagr National Insurance Company
The National Falcon Insurance Company has established a policy and guidelines for its nomination and rewards committee, as per the decision of the Chairman of the Securities and Commodities Authority and the institutional governance system for insurance companies issued by the Central Bank. The board oversees the company's compensation system, which should align with the company's strategy, risk tolerance, long-term interests, values, and should not encourage excessive risk-taking.
The rules for selecting and forming the nomination and rewards committee are as follows:
1) The board forms a permanent committee called the nomination and rewards committee.
2) The committee consists of non-executive board members, with a minimum of three members.
3) At least two members of the committee must be independent members.
4) The committee is chaired by one of the independent members.
5) The Chairman of the board cannot be a member of any of the committees.
The committee holds its meetings once a year or as needed. No board member or executive manager, except for the committee's secretary or a member, is allowed to attend the committee's meetings.
The text is a disclosure clarifying the approval of agencies according to clauses 1 and 2 of Article 40 of the Corporate Governance Manual. It states that any shareholder with the right to attend the general assembly can delegate someone other than board members or company staff to attend on their behalf. This person should have a written delegation stating their right to attend the general assembly and vote on decisions, but they cannot have more than 5% of the company's issued capital. People lacking legal capacity must be represented by their legal representatives. The shareholder's signature on this power of attorney is also required.
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Disclosure: Results of BOD Meeting
Disclosure: Detailed Analysis Accumulated Losses
Disclosure: Financial statements for the 3rd QTR of 2024
Disclosure: Resignation of BOD member
Disclosure: BOD meeting
Disclosure: Notification from the company
Disclosure: Results of BOD Meeting
Disclosure: BOD meeting
Disclosure: Detailed Analysis Accumulated Losses
Disclosure: Financial statements for the 2nd QTR of 2024
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