Union Insurance Company

Ticker/ISIN
UNION
AEU000501012
Market/Country
Abu Dhabi Stock Exchange
United Arab Emirates
Latest Stock Price
0.54 AED
2024-02-02

Year to date

-0.17 %

3 months

-0.02 %

6 months

-0.15 %

1 year

0.00 %

3 years

0.00 %

5 years

0.00 %

Established in 1998 and listed on the Abu Dhabi Securities Exchange, Union Insurance Company has a paid up capital of over AED 330 million. The company provides a wide range of individual and commercial insurance products to clients in the UAE and Middle East region. This includes both standard and customised policies that help individuals, small, medium and large enterprises as well as government entities obtain reliable, cost-effective insurance cover. Additionally, the company offers insurance services such as risk assessment and gap analysis of insurance coverage conducted by professionals with decades of experience. By providing better coverage in areas including, but not limited to, life, health, automotive, property, engineering, liability and marine, Union Insurance helps its clients focus on their core operations, confident that they have adequate insurance cover for various liabilities. Led by some of the most experienced and respected professionals in the industry, the company employs more than 300 people who work in the company’s offices across the UAE including its corporate offices in Dubai and Ajman and branch offices in Abu Dhabi, Dubai, JAFZA, Sharjah and Ras Al Khaimah.

Latest Pressrelease Summaries

Union Insurance Company
Resolution No. (403) of 2024 temporarily suspends trading of Union Insurance Company shares on ADX due to the company's Board of Directors meeting scheduled at 10:00 on 13-May-2024, which coincides with the trading session. Trading will be suspended from 09:00 on 13-May-2024 until the meeting results are received by ADX. All department heads in ADX are required to execute this resolution in their respective fields. The resolution is to be circulated to SCA, the concerned company, all departments at ADX, and all brokers accredited by ADX. The resolution was approved by the authorized person and was issued on 09/05/2024.
Union Insurance Company
The text discusses the modification of the Commercial Companies Law No. 2 of 2015, which has been replaced by the Commercial Companies Law No. 32 of 2021. The Central Bank of the United Arab Emirates (CBUAE) notes that this change impacts the establishment of companies. The text also references a previous amendment to the company's foundational system in accordance with the Commercial Companies Law No. 2 of 2015, which was approved in a special resolution by the General Assembly of the company on 24/04/2016.
Union Insurance Company
Union Insurance Company has announced the opening of nominations for its Board of Directors. The nomination period will run from 29/03/2024 to 08/04/2024. Interested shareholders who meet the required conditions can submit their applications in person at the company's Dubai headquarters or via email. The board will consist of seven members. The company will publish a list of candidates on its website and at its headquarters on 16/04/2024. All nominations must comply with Federal Law No. (32) of 2021 and the Chairman of the Authority’s Board of Directors’ Decision no. (3/RM) of 2020. After the nomination period ends, candidates cannot transfer their nomination to another person.
Union Insurance Company
The text provides contact information for Union Insurance located in the Single Business Tower on Sheikh Zayed Road in Dubai, United Arab Emirates. It mentions their address, P.O. Box number, and two contact numbers.
Union Insurance Company
Resolution No. (344) of 2024 is about the temporary suspension of trading on the shares of Union Insurance Company. This is due to the company's Annual General Meeting (AGM) being held at 10:00 on 19-Apr-2024, which coincides with the trading session at ADX. As a result, trading in Union shares will be suspended from 09:00 on 19-Apr-2024 until ADX receives the AGM results. The resolution also instructs all department heads in ADX to execute this resolution in their respective fields and circulate it to the Securities and Commodities Authority (SCA), the concerned company, all departments at ADX, and all brokers accredited by ADX. The resolution was approved by the authorised person and issued on 26/03/2024.
Union Insurance Company
Resolution No. 328 of 2024 announces the temporary suspension of trading on the shares of Union Insurance Company. This is due to a coinciding Union Insurance Company Board of Directors meeting and a trading session at ADX on 19-Mar-2024. Trading will be suspended from 09:00 on 19-Mar-2024 until the meeting results are received by ADX. The resolution instructs all department heads at ADX to execute it, and it will be circulated to SCA, the concerned company, all departments at ADX, and all brokers accredited by ADX. The resolution was approved by the authorized person and issued on 14/03/2024.
Union Insurance Company
Resolution No. (258) of 2024 announced the temporary suspension of trading on the shares of Union Insurance Company. The suspension is due to coincide with the company's AGM, which will be held at 12:00 on 11-Jan-2024. Trading will be suspended from 09:00 on 11-Jan-2024 until the AGM results are received by ADX. The resolution instructs all department heads at ADX to execute the suspension in their respective fields and to circulate the resolution to SCA, the concerned company, all departments at ADX, and all brokers accredited by ADX. The resolution was issued on 15/12/2023.
Union Insurance Company
Resolution No. (256) of 2023 temporarily suspends trading on the shares of Union Insurance Company. This is due to the company's failure to submit their Board of Directors meeting result. The suspension will be effective from 1-Dec-2023 until the results of the Board of Directors meeting are disclosed. The resolution mandates all heads of departments in ADX to execute 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 has been approved by the authorized person and was issued on 01/12/2023.

Threads

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Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Union Insurance Company

Disclosures: Union Insurance Company Report of accumulated losses March 31,2024

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Union Insurance Company

ADX Disclosures: UNION Resumption Notice

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Union Insurance Company

Disclosures: Union Insurance Company Financial Results for the Period Ended March 31,2024

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Union Insurance Company

Disclosures: Union Insurance Company Board Meeting Results held on 13/05/2024 at 14:00

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Union Insurance Company

Disclosures: Union Insurance Company Board of Directors' Report for the Period Ended March 31,2024

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Union Insurance Company

ADX Disclosures: Temporary suspension of trading on the shares of Union Insurance Company on 13 May 2024

Resolution No. (403) of 2024 temporarily suspends trading of Union Insurance Company shares on ADX due to the company's Board of Directors meeting scheduled at 10:00 on 13-May-2024, which coincides with the trading session. Trading will be suspended from 09:00 on 13-May-2024 until the meeting results are received by ADX. All department heads in ADX are required to execute this resolution in their respective fields. The resolution is to be circulated to SCA, the concerned company, all departments at ADX, and all brokers accredited by ADX. The resolution was approved by the authorized person and was issued on 09/05/2024.

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Union Insurance Company

Disclosures: Union Insurance Company Announcement of Board Meeting to be held on 13/05/2024 at 10:00

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Union Insurance Company

ADX Disclosures: UNION Resumption Notice

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Union Insurance Company

Disclosures: Union Insurance Company AGM Results held on 19/04/2024 at 10:00

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Union Insurance Company

Disclosures: Disclosure of amendments to the Articles of Association of Union Insurance Company

1. Attached Document

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