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Sukoon Insurance PJSC held a Board of Directors meeting on March 18, 2025, at their head office in Dubai and via video conferencing. The board made several decisions, including electing Mr. Badr Al Ghurair as Chairman and Mr. Mohamed Abdel Razek as Vice Chairman. They approved the composition of four board committees: Audit, Risk, Investment, and Nomination and Remuneration. The board accepted the resignation of Mrs. Louise O’Donnell as Board Secretary, effective April 18, 2025, and appointed Mrs. Rana Attieh as her successor, pending approval from the Central Bank of the UAE. They also approved the Underwriting Performance review and Pricing report as of December 2024 and addressed general business matters. A copy of the meeting's outcomes was sent to Mrs. Maryam Butti Al Suwaidi, Deputy CEO of the Securities and Commodities Authority in Abu Dhabi.
Emirates Reem Investments Company P.J.S.C, previously known as Emirates Refreshments (P.S.C.), has released its reports and consolidated financial statements for the year ending December 31, 2024.
The Securities & Commodities Authority in Abu Dhabi and the Dubai Financial Market are involved in a meeting regarding Takaful Emarat Insurance PSC, scheduled for Friday, March 21, 2025, at 3:30 PM via MS Teams. The agenda includes reviewing the audited financial statements for 2024, discussing the date and agenda for the Annual General Assembly meeting, considering the distribution of dividends for 2024, recommending Board remuneration for 2024, reviewing the Corporate Governance Report, and examining company policies, procedures, and business updates. The meeting details were authorized by Adnan Sabaalaish, the Acting CEO, on March 18, 2025.
Ithmaar Holding B.S.C. has announced that its Board of Directors will meet to review and approve the financial results for the period ending 31 March 2025. The meeting is scheduled for Wednesday, 14 May 2025, at 2:00 pm.
On 18 March 2025, a letter was addressed to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, regarding updates on negotiations with Amlak Finance PJSC's financiers about exiting a Common Terms Agreement for restructuring. Following a previous disclosure on 27 December 2024 about reaching an agreement on a repayment plan, it was confirmed that the governing documents for this agreement have been officially signed. Amlak will proceed with implementing the agreed terms and will keep the market informed of any further developments. The letter was signed by Lama Takieddin, Head of Corporate Governance and Company Secretary, and a copy was sent to the Securities & Commodities Authority.