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Sukoon Insurance P JSC reported its annual financial results for the period from January 1, 2024, to December 31, 2024. The company achieved insurance revenue of AED 5.41 billion and a profit before tax of AED 291.5 million. Net investment income was AED 209.1 million. During the year, the company changed its legal name from Oman Insurance Company PSC to Sukoon Insurance PJSC and acquired the UAE Life portfolio from Chubb Tempest Life Reinsurance Ltd. Insurance revenue increased by 17% compared to the previous year, reaching AED 5.41 billion, while insurance service expenses rose to AED 4.29 billion. The insurance service result before reinsurance contracts was AED 1.12 billion, with net expenses from reinsurance contracts at AED 887.86 million. The company reported a profit of AED 266.8 million for the year. As of December 31, 2024, total assets were AED 10.42 billion, and total equity was AED 2.99 billion. Sukoon maintains a strong balance sheet with a solvency ratio of 270%, indicating a robust ability to meet policyholder obligations. No securities were issued during the financial period.

The document is the report of the Board of Directors, the independent auditor's report, and the consolidated financial statements for Sukoon Insurance P.J.S.C. and its subsidiaries, formerly known as Oman Insurance Company P.S.C., for the year ending December 31, 2024.

Sukoon Insurance PJSC, based in Dubai, UAE, held a Board of Directors meeting on January 28, 2025, where several resolutions were passed. These included the approval of the final annual financial statements and the external auditor's report for the fiscal year ending December 31, 2024. The board also approved the business plan for 2025 and the report on the company's activities and financial position for 2024. Additionally, they resolved to recommend to the General Assembly of shareholders the payment of board members' remuneration for 2024, the appointment of external auditors for 2025 (pending Central Bank approval), and the distribution of cash dividends for 2024 amounting to 20% of the share capital (also subject to Central Bank approval). The letter was addressed to Mr. Hamed Ahmad Ali, Executive Chief Officer of the Dubai Financial Market, and a copy was sent to Mrs. Maryam Butti Al Suwaidi, Deputy CEO of the Securities and Commodities Authority in Abu Dhabi.

The Dubai Electricity and Water Authority (DEWA) has scheduled a Board of Directors meeting for February 10, 2024, at 9:00 am. The agenda includes reviewing the company's preliminary and unaudited financial statements for 2024, discussing other business matters such as dividends for the second half of 2024, details of the Annual General Assembly, and opening nominations for Board Members. The notification is issued by Aakash Nijhawan, Group Head of Investor Relations, on behalf of DEWA.

Union Properties PJSC announced it has achieved AED 1.3 billion in plot sales since implementing its 5-year turnaround strategy in April 2023. This milestone highlights the company's growth and market position, as well as its success in executing its strategic plans to create shareholder value. CEO Eng. Amer Khansaheb emphasized the company's commitment to excellence, financial strength, and debt reduction, attributing these achievements to the turnaround strategy. Union Properties aims to continue meeting market demands while enhancing operational efficiency and driving sustainable growth.

Aramex PJSC has provided an update on Q Logistics Holding LLC's intention to make a voluntary conditional cash offer to acquire up to 100% of Aramex's share capital, excluding shares held by Abu Dhabi Ports Company PJSC. On January 15, 2025, Aramex's Board of Directors discussed the offer and appointed HSBC and Clifford Chance LLP as independent financial and legal advisors to ensure compliance with regulatory requirements and protect stakeholders' interests. The process will adhere to applicable laws, including conducting due diligence, launching a tender offer, securing necessary approvals, preparing a fairness opinion, and notifying shareholders. Aramex will announce any significant developments as they occur. The company assures stakeholders that its operations remain unaffected and views the offer as a recognition of its business strength and potential. Aramex appreciates the ongoing support from its shareholders, customers, and partners.