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Sukoon Insurance PJSC has completed the acquisition of the UAE Life insurance portfolio from Chubb Tempest Life Reinsurance Ltd. The agreement, signed on August 24, 2023, aligns with Sukoon's strategy to become a regional leader in life insurance. The transfer, which includes unit-linked and protection life insurance policies, has been approved by the Central Bank of the UAE and the Bermudan Monetary Authority. The migration of the portfolio is now complete. Sukoon will continue to provide policyholders with high-quality insurance services and 24/7 access to their policies and investments via its digital platform. The terms and conditions of the policies issued by Chubb remain unchanged. Emmanuel Deschamps, a member of Sukoon's Executive Committee and Head of Individual Life and Workplace Saving, stated that the transaction strengthens their market position and supports their strategy to grow their life insurance portfolio.
GFH Financial Group B.S.C. disclosed its market-making activities for August 2024, in compliance with the Central Bank of Bahrain's requirements for monthly reporting by listed companies. The details include transactions by the market maker SICO in Bahrain Bourse and the liquidity provider BHM Capital in Dubai Financial Market and Abu Dhabi Securities Exchange. As of August 31, 2024, SICO purchased 3,198,598 securities and sold 1,274,448 securities. The total money paid was USD 1,007,885, while the total money received was USD 411,461. The securities balance stood at 2,925,000, and the cash balance was USD 4,920,869.
Date: September 04, 2024 To: Mr. Hamed Ahmed Ali Chief Executive Officer Dubai Financial Market Dubai, United Arab Emirates Subject: Board Meeting Results - Dubai Taxi Company P.J.S.C. - The “Company” The Board of Directors of “Dubai Taxi Company P.J.S.C.” met on Wednesday, September 04, 2024, at 3:00 pm at the Company’s headquarters, achieving legal quorum. The Board discussed and resolved internal matters related to the Company’s business. Best Regards, Vicken Khochafian Board Secretary and Governance Director cc: Securities and Commodities Authority
National International Holding Co. K.P.S.C. (NIH) informed Mr. Hamed Ahmed Ali, CEO of Dubai Financial Market, about the sale of treasury shares. The disclosure was made on 04/09/2024 by Mamdouh A. EL Sherbiny, CEO and Board Member of NIH. The company, established in 1979 with authorized and paid capital of 23,455,301 600 K.D, is located in Sharq, Kuwait.
The text is a formal notification addressed to Dr. Maryam Butti Al Suwaidi, CEO of the Securities & Commodities Authority in Abu Dhabi, and Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market in Dubai. The letter, dated 4 September 2024, informs them of a scheduled Board of Directors meeting for the National Central Cooling Company (PJSC) to be held on 9 September 2024 at 9:00 AM. The meeting will discuss the company's business and operations. The notification references Article 36/11 of the Disclosure and Transparency Regulations number (3) for the year 2000, as amended. The letter is signed by Sean Magee, Company Secretary.
Date: 3 September 2024 Mr. Hamed Ahmed Ali CEO, Dubai Financial Market Dubai, United Arab Emirates Dear Sirs, Subject: Resolutions of the Board of Directors to be taken in circulation for Drake & Scull International PJSC (the “Company”) We would like to inform you that the Board of Directors of Drake & Scull International PJSC will take decisions by circulation on Friday, 06/09/2024, to discuss routine matters and operational business of the Company. Sincerely Yours, Drake and Scull International PJSC
On April 9, 2024, the Abu Dhabi Securities Exchange's Market Operations Surveillance Department received a disclosure from Abu Dhabi National Company for Building Materials (BILDCO) regarding the outcomes of their seventh board meeting of the year. The meeting, held at 14:00 on the same day, resulted in the following decisions: 1. Approval of the minutes from the sixth board meeting of 2024. 2. Resignation of the CEO, Dr. Salah Khamis Al Junaibi. 3. Appointment of Mr. Abdullah Saeed Solim Al Falasi as Vice Chief Executive Officer. Thank you for your support.