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On April 24, 2024, a Board of Directors meeting was held by the Commercial Bank of Dubai P.S.C. The board approved the minutes from the previous meeting held on March 6, 2024, and the financial statements for Q1 of 2024. They also discussed normal business activities. The information was communicated to the CEO of Dubai Financial Market, Mr. Hamed Ahmad Ali, by the Board Secretary, Mr. Ahmed Ali Al Jaziri.
The Insurance House PJSC held a General Assembly Meeting on 23rd April 2024 from 10:00 am to 10:30 am at the Finance House Head Office in Abu Dhabi, UAE. The board of directors present included Chairman Mr. Mohamed Abdulla Jumaa Alqubaisi, Vice Chairman Mrs. Alia Abdulla Mohamed Almazarouei, and Board Members Mr. Khaled Abdulla Jumaa Alqubaisi, Mr. Abdulmajeed Ismail Ali Al Fahim, Mr. Murtadha Mohamed Sharif Alhashmi, Mr. Raman Tirunelveli Kuppuswamy, and Mr. Jassem Mubarak Masoud Al dhaheri.
On 23rd April 2024, Al Wathba National Insurance Company (PJSC) held a meeting from 12 PM to 12.45 PM at The St. Regis Dhabi, with electronic participation available. The meeting was chaired by Vice Chairman Mr. Rashed Darwish AlKetbi and had a quorum of 87.44%. The General Assembly approved several decisions including the appointment of the meeting secretary and vote collector, the Board of Directors' report on the company's activities and financial position for the fiscal year ended on 31/12/2023, the Auditors' report for the same period, the balance sheet and P&L accounts for the fiscal year ended on 31/12/2023, a 25% cash dividend distribution from the company's capital amounting to AED 51,750,000 (AED 0.25 per share), and a suggested remuneration for the Board of Directors amounting to AED 4.5 M.
The Al Ain Ahlia Insurance Co., incorporated in Abu Dhabi in 1975, held a General Assembly Meeting on 23rd April 2024. The meeting, chaired by Mohamed Jouan Rashed Albadi Adhaheri, had a quorum of 65.05% and was conducted either remotely or in person. The meeting approved the Board of Director’s report on the company’s activity and financial position for the fiscal year ended on 31/12/2023, the Auditor’s Report, and the company’s balance sheet and profit and loss account. It also approved a 20% cash dividend distribution valued at AED 30 million. The remuneration of the Board of Directors was set at AED 3,844,865. The liability of the board members and auditors for the fiscal year 2023 was discharged, and Grant Thornton was appointed as the external auditor for the same year with fees of AED 495,000.
The Al Ain Ahlia Insurance Co., incorporated in Abu Dhabi in 1975, held a General Assembly Meeting on April 23, 2024. The meeting was chaired by H.E. Mohamed Jouan Rashed Albadi Adhaheri, with 65.05% of the total capital represented. The assembly approved the 2023 fiscal year reports, including the company's activity, financial position, auditor's report, balance sheet, and profit and loss account. They also approved a 20% capital dividend distribution, amounting to AED 30 million, and a proposal for board members' remuneration totaling AED 3,844,865. The assembly discharged the board members and auditors of liability for the 2023 fiscal year and appointed Grant Thornton as the external auditor for the same year, with fees set at AED 495,000.