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The General Assembly Meeting of HAYAH Insurance Company P.J.S.C was held on Monday, September 30, 2024, at 2:00 PM at the company's headquarters in Abu Dhabi. The meeting was conducted with both in-person and remote attendance after achieving the necessary quorum, with shareholders owning 155,446,873 shares, representing 77.72% of the company's share capital. The agenda topics were considered, and appropriate decisions were made. Board members present included Salama Amer Omar Saleh, Mohamed Abdullatif Kanoo, Mabkhoot Taleb Nehais Aamer Almenhali, Haisam Nizar Odeimeh, Samer Abdul Rahman Katerji, and Tariq Abdulqader Bin Hendi. Other board members were unable to attend due to prior commitments.
Al Seer Marine, a leading company in the maritime industry and a subsidiary of International Holding Company, has secured USD 80 million in financing from BOCOM Financial Leasing Co., Ltd, which is part of the Bank of Communications, one of China's major commercial banks. This funding, which is the company's first from outside the UAE, will support the expansion of its operations and investment in eco-friendly vessels. The financing will be used for two newly delivered MR tankers, Betelgeuse and Bellatrix, which are equipped for alternative fuels and comply with environmental regulations. These tankers are on five-year charters to Reliance International DMCC. The CEO of Al Seer Marine, Guy Neivens, stated that this deal is crucial for diversifying funding sources and demonstrates confidence in the company's future revenue potential, particularly with the increasing global demand for LNG and petrochemicals.
Burjeel Holdings PLC, a prominent healthcare provider in the MENA region, has announced the opening of nine new primary care clinics across Abu Dhabi, Al Ain, and Dubai. This expansion aims to improve access to comprehensive primary care services, supporting the UAE's healthcare strategy focused on preventive care and chronic condition management. The clinics will enhance Burjeel's hub-and-spoke network, expected to handle over 300,000 outpatient visits annually and facilitate cross-group referrals. The new facilities, resulting from a 20 million AED investment, are strategically located to serve diverse communities, including industrial workers and expatriates. Burjeel Holdings, founded in 2007, operates a wide network of healthcare services across the UAE, Oman, and Saudi Arabia.
The board of directors of Takaful Emarat Insurance PSC held a meeting on Tuesday, 15 October 2024, from 4:00 PM to 4:45 PM. Five board members were present, achieving a quorum of 71%. The meeting included discussions on business updates and other matters. The meeting's decisions and resolutions were documented, with Mohammed Abu Qoura, the Chief Executive Officer, serving as the authorized signatory.
A notification has been issued regarding the upcoming Ajman Bank Board of Directors meeting, scheduled for Monday, October 21, 2024, at 10:00 AM. The meeting will cover topics such as the approval of the minutes from the previous meeting, discussion and approval of the financial statements for the third quarter of 2024, and a follow-up on the bank's routine activities. The notification is signed by Badreldin Eltahir Elmogadam, General Counsel and Board of Directors’ Secretary.
The Emirates Telecommunications Group Company (Etisalat Group) has announced that its Board of Directors will consider a resolution on Friday, 18th October 2024. This resolution involves calling for a General Assembly meeting to approve an amendment to the company's borrowing cap. The notification is addressed to the Chief Executive Officer of the Abu Dhabi Securities Exchange. The communication is signed by Hasan Mohamed Al Hosani, the Group Corporate Secretary.