Latest Threads

International Holding Company PJSC (IHC) has issued a notice regarding the protection of personal and financial information. The company warns that its name, employee names, and logo are being misused by scammers to promote fraudulent investment opportunities and tenders online, asking individuals and entities for personal, business, and financial details, including credit card and bank information, to pay tender fees or invest in the company. IHC emphasizes that it will never request such information or payments via email, mail, or any other means. If you receive such requests, treat them with caution and do not provide any sensitive information. Always verify the legitimacy of emails or domains claiming to be from IHC by checking the sender’s email address, which should come from the “@ihcuae.com” domain. IHC advises staying informed about its latest news through its official website or the ADX website to protect against scams.

On September 26, 2024, Al Yah Satellite Communications Company PJSC held its General Assembly Meeting from 4 p.m. to 4:30 p.m. at the company’s offices in Abu Dhabi, with virtual participation from shareholders. The meeting, chaired by H.E. Dr. Bakheet Al Katheeri, had a quorum of 70.35% of the total capital. The resolutions approved during the meeting included: 1. Approval of an interim cash dividend of AED 204,940,703 (8.40 fils per share) for the first half of the financial year 2024, based on a Board of Directors resolution from September 2, 2024. 2. Approval of a payment of AED 4,787,123 to the Board of Directors as remuneration for the period from the beginning of 2024 until the meeting date. 3. Discharge of the Board of Directors from liability for the period from the beginning of 2024 until the meeting date, with the option to dismiss them and file claims against them.

On 26 September 2024, Salama informed the Dubai Financial Market and AMAN of its decision to terminate the partial acquisition agreement of AMAN's General and Group Life portfolio. The acquisition, initially announced on 13 June 2023, was subject to regulatory approvals and specific requirements to protect the interests of shareholders and policyholders. As these requirements were not satisfactorily met, Salama's Board of Directors decided not to proceed with the acquisition. The termination was communicated in accordance with the agreement's terms and conditions. The notice was signed by Khaled Barakat, General Counsel and Board Secretary of Salama.

On 26 September 2024, the Board of Directors of TECOM Group PJSC held a meeting at 4:30 pm to review and discuss the company's business and operations. The meeting was led by Malek Al Malek, Chairman of the Board of Directors. A copy of the meeting's disclosure was also sent to the Securities and Commodities Authority.

Sukoon Insurance PJSC, headquartered in Dubai, UAE, with a paid-up capital of AED 461,872,125, and regulated by the Central Bank of the UAE, has notified the Dubai Financial Market's Executive Chief Officer, Mr. Hamed Ahmad Ali, of an upcoming Board of Directors resolution by circulation. The resolution will be passed on Monday, 30th September 2024, at 10:00 am, addressing the approval of the company's Mid-Year Pricing and Underwriting Performance Report for the period ending 30th June 2024. The notification was signed by Louise O’Donnell, Head of Claims Management & Legal, and copied to Mrs. Maryam Butti Al Suwaidi, Deputy CEO of the Securities and Commodities Authority in Abu Dhabi.