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The Board of Directors of the Dubai Taxi Company P.J.S.C. held a meeting on May 07, 2024, at the company's headquarters. The meeting achieved quorum and two main agenda items were addressed and approved. These include the interim financial statements for the period ending on March 31, 2024, and other operational and internal matters. The information was relayed by the Board Secretary, Vicken Khochafian, to Mr. Hamed Ahmed Ali, the CEO of Dubai Financial Market.
The text is a review report and interim condensed financial statements for the Arabian Scandinavian Insurance Company (PLC) - Takaful - ASCANA Insurance. The report, which is unaudited, is dated 31 March 2024.
The Arabian Scandinavian Insurance Company (Sukoon Takaful) PJSC, licensed by the Central Bank of the UAE, has informed the Dubai Financial Market that their Board of Directors passed a resolution on 7th May 2024. The resolution approved the company's financial statements for the first quarter of 2024. The information was conveyed by Dima Fakhoury, the Head of Compliance and Corporate Governance. A copy of the notice was also sent to Mrs. Maryam Butti Al Suwaidi, Deputy CEO of Licensing, Supervision, Enforcement Affairs at the Securities and Commodities Authority in Abu Dhabi.
The GFH Financial Group has announced the purchase of 2,000,000 of its own shares (treasury shares) on May 7, 2024. This acquisition increases the total holding of treasury shares from 281,729,510 (representing 7.35% of the total issued shares) to 283,729,510 (representing 7.40% of total issued shares). The decision to purchase was made by the company's board of directors in September 2021, with approval from the authority in April 2024. The average purchase price was 0.283 USD per share, representing 0.052% of the issued capital. After this acquisition, 99,529,873 shares remain available for purchase.
The Director of Legal at Dubai Refreshment P.J.S.C, Karem Mahmoud, has informed the Chief Executive Officer of Dubai Financial Market, Hamed Ahmed Ali, about a Board of Directors meeting. The meeting is scheduled for 13th May 2024 at 10:30 AM. The agenda includes the discussion and approval of the company's unaudited interim condensed consolidated financial statements for the first quarter ended 31 March 2024, and other internal matters of the company.
Sukoon Insurance PJSC presented its Q1 2024 financial results, reporting a net profit before tax of AED 90.2 million, up 31% YoY, and insurance revenue of AED 1.23 billion, up 16% YoY. Net investment income reached AED 59.4 million, a 34% YoY increase. Total assets stood at AED 8.81 billion, and total shareholders' equity was AED 2.77 billion as of 31 March 2024. The company, formerly known as Oman Insurance Company P.S.C., has completed its rebranding process. It also successfully transferred the UAE life portfolio from Chubb Tempest Life Reinsurance Ltd and turned around its takaful subsidiary, Sukoon Takaful, which is now on the path to profitability.
BHM Capital Financial Services P.S.C, a private joint stock company regulated by SCA with registration number 604097, has scheduled a board of directors meeting for Friday, 10 May 2024 at 11:00 AM. The agenda includes reviewing and approving Q1 Financial Statements of 2024, and discussing operational matters. The notice was issued by the board secretary, Ma’an Albostami.
The text provides a review report and condensed consolidated interim financial information for SUKOON INSURANCE P.J.S.C. and its subsidiaries. The report covers the three-month period ending on 31st March 2024. This company was formerly known as OMAN INSURANCE COMPANY P.S.C.