Latest Threads
Check out what has been happening in the community
Check out what has been happening in the community
HAYAH Insurance Company P.J.S.C., a public joint stock company with a paid-up capital of AED 200 million, held its General Assembly meeting on 26th April 2024. The meeting, chaired by Mr. Mohamed Abdullatif Jasim Kanoo, had an attendance of 85.5% of the total capital. The assembly approved the Board of Directors’ report on the company's activities and financial position for 2023, the external auditor's report, the balance sheet and profit and loss account, and the appointment of Grant Thornton as the company's external auditors for 2024 with a remuneration of 450,000 AED. The assembly also approved the appointment of nine members to the Board of Directors for 2024 to 2026. However, it did not approve the discharge of the members of the Board of Directors or the external auditors for 2023. There was also no approval for the distribution of any cash dividends or bonus share for 2023.
The Board of Directors of Orient Takaful Company (PJSC) has invited shareholders to attend the Annual General Meeting on April 29, 2024. The meeting will take place at Al Futtaim Building in Dubai and will also be accessible remotely via Microsoft Teams. The agenda includes the approval of various reports and accounts for the financial year ending December 31, 2023, the appointment of the Internal Sharia'ah Supervisory Committee for 2024, and the approval of transactions with related parties up to December 31, 2023. The board also plans to discuss an amendment to the company's Articles of Association, subject to regulatory approval. Shareholders can delegate a representative to attend the meeting and vote on their behalf, but no proxy may represent more than 5% of the company's shares.
On 28th April 2024, GFH Financial Group B.S.C. announced that it had purchased 429,316 of its own shares, also known as treasury shares. This acquisition increased the total holding of treasury shares from 200,604,089 (representing 5.23% of the total issued shares) to 201,033,405 (representing 5.25% of total issued shares). The decision to purchase was made during a board meeting in September 2021 and was approved by the Authority in April 2024. The average purchase price was 0.28 USD per share. After this purchase, the number of shares remaining for purchase is 182,225,978.