Hayah Insurance Company P.J.S.C

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.

HAYAH Insurance Company P.J.S.C, a public joint stock company with a paid-up capital of AED 200 million, held a general assembly meeting on 26th April 2024. The meeting, chaired by Mr. Mohamed Abdullatif Jasim Kanoo, had an attendance quorum of 85.5%. The assembly discussed and approved the company's activities, financial position, and the external auditor's report for the financial year ending 31/12/2023. However, the proposal to discharge the board members and the external auditors for the same financial year was not approved. The assembly approved the appointment of Grant Thornton as the company's external auditors for 2024 with a remuneration of 450,000 AED. The proposal for no cash dividends/bonus share distribution for the financial year ending 31/12/2023 was approved. The assembly also approved the appointment of nine board members for 2024 to 2026.

The HAYAH Insurance Company P.J.S.C. is based in Abu Dhabi, United Arab Emirates, and is a Public Joint Stock Company funded by a paid-up capital of AED 200 million. It is registered at the Central Bank of the UAE with registration no. 83 dated 16/09/2008. The company's CEO, Mr. Mohamed Seghir, has sent a letter to the Market and Operations Surveillance Department of the Abu Dhabi Securities Exchange. The letter refers to the announcement of the opening of candidacy for the membership of the Board of Directors of HAYAH Insurance Company P.J.S.C, published on 18th of March 2024. Attached is the list of candidates for membership in the Board of Directors for the term 2024-2026, which will also be published on the company's website.

Resolution No. 351 of 2024 announces a temporary suspension of trading on the shares of Hayah Insurance Company P.J.S.C. This is due to the company's Annual General Meeting (AGM) being held at 11:00 on the 26th of April, 2024, which coincides with the trading session at ADX. As such, trading in the company's shares will be suspended from 09:00 on the same day until ADX receives the AGM results. The resolution also instructs all heads of departments in ADX to execute this resolution in their respective fields and circulate it to the Securities and Commodities Authority (SCA), the concerned company, all departments at ADX, and all brokers accredited by ADX. The resolution was issued on the 28th of March, 2024.

HAYAH Insurance Company (P.J.S.C) has announced its Annual General Assembly Meeting to be held on 26th April 2024, in person at Jumeirah at Saadiyat, Abu Dhabi, or online. The meeting will discuss the company's activities and financial position for the year ending 31st December 2023, the external auditor's report, the balance sheet, profit and loss account, and the proposal for no cash dividends/bonus shares distribution. The meeting will also discuss discharging or isolating the board members and external auditors, appointing new auditors, and electing board members. Shareholders can delegate a representative, and those registered by 25th April 2024 are eligible to vote. The meeting requires at least 50% of the company's share capital to be represented. If the quorum is not met, a second meeting will be held on 30th April 2024. All relevant documents can be found on the company's and Abu Dhabi Securities Exchange's websites.

Insurance Company P.J.S.C., based in Abu Dhabi, is a Public Joint Stock Company with a paid-up capital of AED 200 million. It is registered at the Central Bank of the UAE. The company has outlined its corporate governance policies, stating that shareholders with the right to attend the general assembly may delegate someone to attend and vote on their behalf, provided they have written delegation. The delegated person can represent multiple shareholders but cannot hold more than 5% of the company's issued capital. The company also specifies that any shareholder signatures must be approved by a notary public, a commercial chamber, a licensed bank or company, or any other licensed entity. All proxy forms and supporting documents should be sent to investors@hayah.com.