Latest Threads on News from companies

Sukoon Insurance PJSC held a board meeting on 19th March 2024. The meeting took place at 10:00 am at the company's head office in Dubai and was conducted via Teams video conferencing. The board discussed the company's business, and reviewed and approved the compliance policies and the Central Bank of UAE's underwriting and pricing reports. The meeting was attended by the Executive Chief Officer of Dubai Financial Market, Mr. Hamed Ahmad Ali, and Louise O'Donnell, the EVP-Head of Strategy, International Operations, Legal and Compliance.

The Board of Directors of the Islamic Arab Insurance Co. – SALAMA P.S.C will issue a Board Resolution by Circulation on 22 March 2024. This resolution is to approve the call for the Company’s Annual General Assembly and to establish its agenda, time, and location. The resolution will be signed by Khaled Barakat, the General Counsel of the company.

NMC Healthcare and Dubai Islamic Bank (DIB) have reached an out-of-court settlement to resolve all ongoing and pending litigation between them. The agreement includes a global settlement that addresses disputes arising from NMC Healthcare's previous administration and restructuring process. Under the terms of the settlement, DIB will receive cash and Holdco notes, making it an economic owner of NMC's new holding company, NMC Holdco SPV LTD. All parties will cease current proceedings without any admission of liability. The terms of the deal, including the settlement value, remain confidential.

Dubai Insurance Co. has informed the Dubai Financial Market that Mr. Mazen Dalati has withdrawn his nomination from the company's Board of Directors. The communication was made by Sahem Abdelhaq, the Head of Legal & Compliance at Dubai Insurance Co.

The Resolution No. 334 of 2024 temporarily suspends trading of Abu Dhabi Ship Building Co. shares on the ADX (Abu Dhabi Securities Exchange). This suspension is due to a coinciding Board of Directors meeting on March 21, 2024, at 10:00. Trading will be suspended from 09:00 on the same day until the ADX receives the meeting results. All department heads in ADX are instructed to execute this resolution 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 was issued on March 19, 2024, and has been approved by the authorized person.