United Insurance postpones capital hike meeting

Abu Dhabi-Mubasher: United Insurance Company postponed its ordinary general meeting (OGM) for deciding on a capital increase to 30 April, according to a bourse filing.

The shareholders’ meeting will discuss increasing the company’s capital by AED 100 million through private placement.

A potentially new strategic shareholder and the resignation of Chairman Saqr Ghobash are another two topics on the table for shareholders.

Finally, they shareholders will consider the company’s financial reports.

 

Mubasher Contribution Time: 10-Apr-2016 06:45 (GMT)
Mubasher Last Update Time: 10-Apr-2016 10:27 (GMT)