United Fidelity Insurance Company (P.S.C)

Resolution No. (350) of 2024 announces the temporary suspension of trading on the shares of United Fidelity Insurance Company (P.S.C) on ADX. This decision is due to the company's AGM being held at 12:00 on 23-Apr-2024, which coincides with the trading session at ADX. The trading will be suspended from 09:00 on 23-Apr-2024 until ADX receives the AGM results. Department heads at ADX are instructed to implement this resolution in their respective fields. The resolution will be circulated to SCA, the concerned company, all departments at ADX, and all brokers accredited by ADX. The resolution was approved by the authorized person and issued on 28/03/2024.

The United Fidelity Insurance Company has invited its shareholders to its general meeting on April 23, 2024. The meeting will be held online or at the company's branch in Dubai, UAE. The agenda includes reviewing and approving the company's financial reports for the year ended December 31, 2023, a proposal not to distribute cash dividends for the same year, discharging the Board of Directors and External Auditors of liability for their 2023 activities, and appointing External Auditors for 2024. Shareholders can appoint another person to attend the meeting and vote on their behalf through a special power of attorney.