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Shuaa Capital PSC, a licensed financial investment company regulated by the Securities and Commodities Authority, has its headquarters at The H Hotel, Office Tower, 15th Floor, Office No. 1502, Dubai, UAE. The company recently informed Mr. Hamid Ahmed Ali, the CEO of the Dubai Financial Market, that its Board of Directors approved several resolutions through circulation. These include the adoption of the company's integrated annual report for 2024, which includes the governance report, and the approval to increase the company's capital by issuing 1,123,302,945 new shares at a conversion price of 0.32 AED per share. This increase results from the conversion of mandatory convertible bonds, and the new shares will be listed on the Dubai Financial Market. Other company-related matters were also addressed. The notice was signed by Islam Mahrous, the Chief Compliance Officer.
On March 27, 2025, a meeting of the Board of Directors of Orient Insurance PJSC was held electronically at 10:00 am. During the meeting, the board approved the management action plan related to the year-end 2024 actuarial pricing report, reviewed the company's general business matters, and discussed other arising business.