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Threads on regulatory news from companies
On April 16, 2024, Abu Dhabi National Takaful Co. P.S.C - Takaful held its General Assembly Meeting. The meeting was chaired by Mr. Khalid Deemas Alsuwaidi and had an attendance of 87.85%. The assembly approved the Board of Directors’ Report on the company’s activity and financial position for the fiscal year ended on December 31, 2023. The Auditor’s Report and the Internal Shariah Supervisory Board’s Report for the same period were also approved. The company’s balance sheet and profit and loss account were discussed and approved. The Board of Directors proposed a cash dividend distribution amounting to 31,500,000 AED, representing 30% of paid-up capital or 30 fils per share, which was approved by the assembly.
The Dubai Supreme Council of Energy (DSCE) has recognized Emirates Central Cooling Systems Corporation (Empower) as the leading district cooling company in its Demand Side Management Recognition Program. The award was given in recognition of Empower's contributions to energy and water efficiency, commitment to circular economy principles, and innovations for a greener future. Empower's CEO, Ahmad bin Shafar, accepted the award and highlighted the company's operational milestones during 2023, its ongoing expansion efforts, and its commitment to sustainability. Furthermore, Empower has reached a total connected capacity of 1.52 million refrigeration tons and a contracted capacity of 1.69 million RT by the end of Q1 2024.
The document is a review report and condensed interim financial information for Abu Dhabi National Takaful Company P.S.C. It covers the financial performance of the company for the three-month period that ended on 31st March 2024.
The text provides the condensed interim financial information of HAYAH Insurance Company P.J.S.C. as of 31st March 2024. The principal business address of the company is P O Box: 63323, Abu Dhabi, UAE.