Latest Threads
Check out what has been happening in the community
Check out what has been happening in the community
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.
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.
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.
The Dubai Taxi Company PJSC will hold an earnings call on Friday, November 8, 2024, at 10:00 AM to discuss the financial results for the third quarter of 2024. The presentation will be available on the company's website before the meeting. This information is addressed to Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, from Rami Mohammad Al Banna, Head of Investor Relations. A copy of the notice is also sent to the Securities and Commodities Authority.