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InvestorAct is a financial news platform that provides the latest news, analysis, and press releases for companies in the UAE

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Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
2 years ago
News Update From Methaq Takaful Insurance Compnay
Disclosures: Clarifying disclosure regarding the approval of agencies

The text discusses regulations outlined in Clauses 1 and 2 of Article 40 in the Corporate Governance Manual concerning shareholder representation at general assemblies. It states that shareholders can delegate someone, who is not a Board member or company staff, to attend and vote on their behalf. This delegation must be in writing, explicitly granting the agent the right to attend and vote. An agent representing multiple shareholders cannot hold more than 5% of the company's issued capital through such delegation. Additionally, shareholders who lack legal capacity must be represented by their legal representatives. The shareholder's signature is required on the power of attorney for this delegation.

1. Disclosures: Clarifying disclosure regarding the approval of agencies

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
2 years ago
News Update From Sharjah Islamic Bank
Disclosures: Sharjah Islamic Bank Announcement of Board Meeting to be held on 07/11/2024 at 10:00

1. Disclosures: Sharjah Islamic Bank Announcement of Board Meeting to be held on 07/11/2024 at 10:00

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
2 years ago
News Update From Gulf Medical Projects Company
Disclosures: Gulf Medical Projects Company Announcement of Board Meeting to be held on 07/11/2024 at 12:00

1. Disclosures: Gulf Medical Projects Company Announcement of Board Meeting to be held on 07/11/2024 at 12:00

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
2 years ago
News Update From Methaq Takaful Insurance Compnay
Disclosures: Methaq Takaful Insurance Compnay Announcements

The text provides information about the rights of shareholders according to Clauses 1 and 2 of Article 40 of the Corporate Governance Manual. It states that shareholders have the right to delegate someone, who is not a member of the Board, company staff, or a securities brokerage company employee, to attend the general assembly on their behalf through a written delegation. This delegation must explicitly state that the agent has the right to attend and vote at the assembly. A delegated person cannot represent more than 5% of the company's issued capital. Additionally, shareholders who lack legal capacity must be represented by their legal representatives. The shareholder's signature on the power of attorney is also required.

1. Disclosures: Methaq Takaful Insurance Compnay Announcements

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
2 years ago
News Update From Methaq Takaful Insurance Compnay
Disclosures: Methaq Takaful Insurance Compnay Invitation to Attend AGM held on 22/11/2024 at 10:00

Methaq Takaful Insurance Company (PJSC) is inviting its shareholders to attend the annual General Assembly meeting at its headquarters in Abu Dhabi on Friday, November 22, 2024, at 10:00 AM. The agenda includes appointing auditors and determining their fees, and considering a special resolution to increase the company's capital. This capital increase could involve bringing in strategic partners as shareholders with a maximum investment of 100 million Dirhams, subject to regulatory approvals, or increasing capital through existing shareholders. The meeting will require attendance from the Board of Directors, auditors, and other key parties, and shareholders registered by November 21, 2024, are eligible to vote. The meeting will only be valid if shareholders representing at least 50% of the company's share capital are present or represented by proxy.

1. Disclosures: Methaq Takaful Insurance Compnay Invitation to Attend AGM held on 22/11/2024 at 10:00

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
2 years ago
News Update From Invictus Investment Company PLC
Disclosures: Invictus Investment Company PLC General Press Release

Invictus Investment Company Plc has expanded into four new markets—Burkina Faso, Jordan, the Netherlands, and Senegal—across Africa, Europe, and the Middle East. This expansion increases their presence to 54 countries. The company has also added sunflower and rapeseed meal to its product portfolio, which now includes over 30 products and categories. This growth aligns with their strategy to enhance their geographic footprint, diversify their product range, and solidify their position as a leading agro-food commodities trader. Additionally, Invictus recorded its first sale to Brazil and extended freight services to Spain and Tunisia. CEO Amir Daoud Abdellatif stated that these expansions are crucial steps in their growth strategy and diversification efforts.

1. Disclosures: Invictus Investment Company PLC General Press Release

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
2 years ago
News Update From Umm Al Qaiwain General Investment Co. P.S.C
Disclosures: Umm Al Qaiwain General Investment Co. P.S.C Management Discussion and Analysis Report for the Period Ended September 30,2024

1. Disclosures: Umm Al Qaiwain General Investment Co. P.S.C Management Discussion and Analysis Report for the Period Ended September 30,2024

Abu Dhabi Stock Exchange News profile image
Abu Dhabi Stock Exchange News
2 years ago
News Update From Umm Al Qaiwain General Investment Co. P.S.C
Disclosures: Umm Al Qaiwain General Investment Co. P.S.C Board Meeting Results held on 02/11/2024 at 11:03

1. Disclosures: Umm Al Qaiwain General Investment Co. P.S.C Board Meeting Results held on 02/11/2024 at 11:03

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Orient Takaful PJSC
Disclosure: Financial statements for the 3rd QTR of 2024

1. Disclosure: Financial statements for the 3rd QTR of 2024

Dubai Financial Market News profile image
Dubai Financial Market News
2 years ago
News Update From Orient Takaful PJSC
Disclosure: Results of BOD Meeting

1. Disclosure: Results of BOD Meeting

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