Latest Threads on News from companies

Sukoon Insurance PJSC reported strong financial performance for the third quarter of 2025, achieving a record profit before tax of AED 303.2 million, which is a 56% increase compared to the previous year. Insurance revenue grew by 20% year-on-year to AED 4.7 billion, and insurance services increased by 23% to AED 193.3 million. Investment income also rose by 54% to AED 205.2 million. The company's success is attributed to strong underwriting performance and a disciplined investment strategy. Interim CEO and CFO Hammad Khan highlighted the impact of the UAE's economic growth and digital transformation on the insurance sector. Sukoon's solvency ratio exceeded 270%, well above the regulatory minimum, and total assets reached AED 11.1 billion. The company's financial strength is supported by ratings of A from S&P and A2 from Moody's. These results reinforce Sukoon's position as a leading and financially secure insurer in the UAE.

On October 29, 2025, a Board of Directors meeting for Sukoon Insurance PJSC was held at their head office in Dubai and via video conferencing. During the meeting, the board approved the financial statements for the third quarter of 2025, as well as charters for the Board Risk Committee, Audit Committee, and Investment Committee. The notification was addressed to Mr. Hamed Ahmad Ali, Executive Chief Officer of the Dubai Financial Market, with a copy sent to H.E. Waleed Saeed Al Awadhi, CEO of the Securities and Commodities Authority in Abu Dhabi.

The document is a review report and condensed consolidated interim financial information for Sukoon Insurance P.J.S.C. and its subsidiaries, covering the nine-month period ending on September 30, 2025.

Mashreqbank P.S.C. has announced that a Board of Directors meeting will be held on Monday, November 3, 2025, at 10:00 am. The agenda for the meeting includes the approval of the minutes from the previous meeting held on September 29, 2025, the approval of the bank's financial statements for the third quarter ending September 30, 2025, discussion of normal business activities, and any other business matters. The notice is signed by Shaima Al Obeidli, Head of Corporate Governance & Group Company Secretary, and a copy is sent to the Securities & Commodities Authority.