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Takaful Emarat Insurance (PSC) reported accumulated losses amounting to AED 190,192 (in thousands) in Q1 2024, equating to 127% of its paid-up capital. This is in accordance with the SCA Board of Directors’ Decision No. (32/R.M.) of 2019, which requires disclosure when losses reach or exceed 20% of paid-up capital. The losses were mainly due to reduced margins and higher medical claims expenses, lower-than-expected returns from investments, and business decline following a merger and acquisition project. The company also wrote off some bad debts and revaluated some assets, adding to the losses. To address this, the company initiated a capital restructuring process in early 2024, approved a capital increase of AED 185Mn, and is working to improve its IT systems and investment strategies.

Amlak Finance PJSC has scheduled a meeting for Wednesday, 22 May 2024, starting at 3:00 PM. The agenda for the meeting includes normal business activities and updates. The authorized signatory for the company is Lama Takieddin, who holds the position of Head of Corporate Governance & Company Secretary.

On May 16, 2024, the Board of Directors of Drake & Scull International PJSC held their fourth meeting of the year. The key outcomes of the meeting were the approval of the previous meeting's minutes and the election of new leadership. Mr. Shafiq Abdul Hamid was elected as the Chairman of the Board of Directors, and Mr. Ahmed Al-Kilani was chosen as the Vice-Chairman.

The Dubai Taxi Company has extended its operational agreement with Hala until the end of 2025, maintaining exclusive operation of taxis on the Hala platform until the end of 2024. The updated agreement includes improvements for driver benefits and operational processes, taking advantage of the company's 46% market share in the taxi industry.

The Dubai Financial Market (DFM) has issued the expiry settlement prices for its Equity Futures Contracts due to expire in May 2024. The contracts and their respective settlement prices in AED are as follows: AIRARB K24 at 2.460, ANSRI K24 at 1.020, ARMX K24 at 2.550, DEWA K24 at 2.350, DEYAAR K24 at 0.720, DFMGI K24 at 4,086.0, DFM K24 at 1.340, DIBK24 at 5.630, DICK24 at 2.170, DUK24 at 5.800, EMAAR K24 at 7.680, EMPWR K24 at 1.530, EMRDEV K24 at 7.710, ENBD K24 at 16.600, GFHK24 at 0.996, SALIK K24 at 3.330, and SHUAA K24 at 0.131. The DFM reminds that this information is subject to change and should not replace the official DFM Regulated Derivative Contract Trading Regulation.

On April 16, 2024, Abu Dhabi National Takaful Co. P.S.C - Takaful held its General Assembly Meeting. The meeting was chaired by Mr. Khalid Deemas Alsuwaidi and had an attendance of 87.85%. The assembly approved the Board of Directors’ Report on the company’s activity and financial position for the fiscal year ended on December 31, 2023. The Auditor’s Report and the Internal Shariah Supervisory Board’s Report for the same period were also approved. The company’s balance sheet and profit and loss account were discussed and approved. The Board of Directors proposed a cash dividend distribution amounting to 31,500,000 AED, representing 30% of paid-up capital or 30 fils per share, which was approved by the assembly.