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Alliance Insurance

ALLIANCE
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  • Market: DFM
  • Symbol: ALLIANCE
  • Sector: Insurance

Company Brief

Country of Origin: United Arab Emirates (U.A.E)

Alliance Insurance (PSC) (“the Company”) is a Public Shareholding Company (“PSC”) which was originally established in Dubai on July 1, 1975 as a limited liability company under the name of Credit and Commerce Insurance Company. The Company was subsequently incorporated in Dubai on January 6, 1982 as a limited liability company under an Emiri Decree. The Company became a PSC in January 1995, in accordance with the United Arab Emirates (UAE) Federal Commercial Companies Law No. (8) of 1984 (as amended). The Company underwrites all classes of general, life and health insurance business in accordance with the provisions of the UAE Federal Law No. 6 of 2007 relating to insurance companies and insurance agents.

Key Facts

ESTABLISHED

Jul 1, 1975

AUDITOR 

Grant Thornton

FISCAL YEAR END

DECEMBER

REGISTRAR

Alliance Insurance Company

Board Members

CHAIRMAN

Shaikh Ahmed Bin Saeed Al Maktoum

DEPUTY

Mr.Saeed Mohammed Al Kamda

MEMBERS

Mr. Ahmad Saif Rashed Bin Bakhit Al Falasi
Mr. Mohammed Juma Saif R. Bin Bakhit
Mr. Khalifa Salim Humaid Al Mashwi Al Suwaidi
Mr. Bijan Khosrowshahi
Mr. Ali Mubarak Ali Al Soori
Mr. Ashraf Sherbaz Nawabi
Mr. Aimen Saba Azara

Top Management

General Manager

Mr. Aiman Saba Azara

Equity Profile

DATE OF LISTING

Jul 5, 2005

SECTOR

Insurance

AUTHORIZED CAPITAL:

100,000,000.00 AED

ISSUED SHARES

1,000,000.00

PER VALUE SHARE

100.00 AED

Contact Details

Head Office

Dubai, UAE

Address

Warba Centre, Abu Baker Siddique Road, Deira, P.O. Box: 5501, Dubai, U.A.E.

Phone No.

+9714 605 1111

Fax No.

+9714 605 1112-3

Email address:

alliance@alliance-uae.com

Website

www.alliance-uae.com

Showing Last 10 Disclosures - ALLIANCE View all
ALLIANCE 11-07-2018 09:24 AM

Disclosure of exposure to Abraj Group Company

1 File(s)
ALLIANCE 13-05-2018 09:35 AM

Financial statements for the 1st QTR of 2018

2 File(s)
ALLIANCE 13-05-2018 09:33 AM

Financial statements for the 1st QTR of 2018

1 File(s)
ALLIANCE 12-04-2018 02:28 AM

Resolutions of General Assembly

1 File(s)
ALLIANCE 12-04-2018 08:39 AM

Results of BOD meeting

1 File(s)
ALLIANCE 12-04-2018 08:37 AM

Resolutions of General Assembly

1 File(s)
ALLIANCE 03-04-2018 08:14 AM

BOD meeting

1 File(s)
ALLIANCE 22-03-2018 02:39 AM

Nominees for Board of Directors membership

1 File(s)
ALLIANCE 11-03-2018 09:13 AM

Opens the nominations for BOD membership

2 File(s)
ALLIANCE 11-03-2018 09:10 AM

Invitation of General Assembly

2 File(s)
Showing Last 10 Issuer News - ALLIANCE View all
No data could be found.
Showing Last 10 Financial Reports - ALLIANCE View all
ALLIANCE 13-05-2018 09:33 AM

Financial statements for the 1st QTR of 2018

1 File(s)
ALLIANCE 07-03-2018 08:37 AM

Financial statements for the year of 2017

1 File(s)
ALLIANCE 24-10-2017 10:30 AM

Financial statements for the 3rd QTR of 2017

1 File(s)
ALLIANCE 30-06-2017 10:31 AM

Financial statements for the 2nd QTR of 2017

1 File(s)
ALLIANCE 08-05-2017 07:20 AM

Financial statements for the 1st QTR of 2017

1 File(s)
ALLIANCE 31-12-2016 02:57 AM

Financial statements for the year of 2016

1 File(s)
ALLIANCE 30-09-2016 12:19 AM

Financial statements for the 3rd QTR of 2016

1 File(s)
ALLIANCE 30-06-2016 11:39 AM

Financial statements for the 2nd QTR of 2016

1 File(s)
ALLIANCE 15-05-2016 05:10 AM

Financial statements for the 1st QTR of 2016

1 File(s)
ALLIANCE 28-04-2016 02:17 AM

Financial statements for the year of 2015

1 File(s)
Showing Last 10 General Meetings - ALLIANCE View all
Meeting Date/TimeApr 11, 2018 11:00:00 AMType of MeetingGeneral Assembly
Net Profit/Loss48166849.00Cash Dividend30
Bonus Share
Announcements/Resolutions

 

1.     Approval of theDirectors’ report for the year 2017.

2.     Approval of theAuditors report for the year ended December 31, 2017.

3.     Discussed &approved the company’s financial position and Profit & Loss statement for theyear ended December 31, 2017

4.     Approved therecommendation of the Board of Directors for the distribution of profits forthe year 2017 and the retained earnings of the year 2016 as follows:

        AED 4,816,685 to betransferred to the Legal Reserve as 10% of the net profit for the year 2017.

        AED 4,816,685 to be transferredto the Regular Reserve as 10% of the net profit for the year 2017.

         - AED 30,000,000 (30%ofpaid-up capital) as cash dividend to shareholders.

         - AED 10, 000,000 to betransferred to the General Reserve.

         - AED 1,341,342 Director’sRemuneration.

         - AED 2,815,483 RetainedEarnings carried forward to next year.

5.     Discharged theBoard of Directors from their responsibility for the year ended December31,2017.

6.     Discharged theAuditors from their responsibility for the year ended December 31, 2017 

7.     Re-appointed theAuditors “Grant Thornton” for the year 2018 and determine their fees AED180,000/-.

8.     Nominated beloware Board Members for the next term after withdrawal of Ms. Maitha Juma SaifBin Bakhit from nomination.

        H.H. Sheikh Ahmed Bin SaeedAlMaktoum                            

        Mr. Saeed Mohammed AliAlkamda                                                       

        Mr. Bijan Khosrowshahi                                                                  

        Mr. Ashraf Sherbaz Nawabi

        Mr. Ahmad Saif RashidBakhit Alfalasi                                    

        Mr. Mohammad Juma Saif BinBakhit

        Mr. Khalifa Salim HumaidAlmashwi Alsuwaidi                       

        Mr. Ali Mubarak Al Soori

        Mr. Aimen Saba Azara          


Last Date For Dividend EntitlementWednesday, April 18, 2018Ex-Dividend DateThursday, April 19, 2018
Register Closing (Settlement) DateSunday, April 22, 2018Trading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueBoard Room, Alliance Insurance (PSC) office, Warba Centre, Dubai.
1 File(s)
Meeting Date/TimeMar 29, 2017 11:00:00 AMType of MeetingGeneral Assembly
Net Profit/Loss45,103,864Cash Dividend25
Bonus Share
Announcements/Resolutions

Weare pleased to inform you that the General Assembly meeting of Alliance Insurance PSC was held on Wednesday, 29/3/2017 at 11:00 am and the following was approve:

 

1. Board of Directors’ report for the financial year ended 31/12/2016.

2. Auditors’ report for the financial year ended 31/12/2016.

3. Financial Statements for the year ended 31/12/2016.

4. Board of Directors’ suggestions in respect of distributing 2016 profit and retained earnings of the last year.

a) Transfer 10% of the net profit for the year 2016 amounting AED 4,510,386/- to legalreserve.

b) Transfer 10% of the net profit for the year 2016 amounting AED 4,510,386/- to statutoryreserve.

c) Distribute 25% of the paid up capital amounting AED 25,000,000/- as dividend to theShareholders.

d) Transfer AED 10,000,000/- to General Reserve.

e) Directors’ remuneration of AED 1,243,332/- for the year 2016 as per Company’s guidelines.

f)  Transferthe balance of the Profit of AED 5,576,864/- to next year.

5. Discharging Chairman, Board of Directors from their responsibility for the year ended 31/12/2016.

6. Discharging Auditors from their responsibility for the year ended 31/12/2016.

7. Reappointing Auditors M/s. Grant Thornton for the year 2017.      
Last Date For Dividend EntitlementWednesday, April 05, 2017Ex-Dividend DateThursday, April 06, 2017
Register Closing (Settlement) DateSunday, April 09, 2017Trading Suspension Date
Trading Resuming DateDividends Payment DateTuesday, April 25, 2017
Payment EntityMeeting VenueAlliance Insurance Head office, Warba Center
1 File(s)
Meeting Date/TimeMay 30, 2016 12:00:00 PMType of MeetingExtraordinary Meeting
Net Profit/Loss9,120,741Cash Dividend
Bonus Share
Announcements/Resolutions

The following point has been approved:

  1. Amend the Articles of Association of Alliance Insurance in line with the provisions of the Federal Law No. 2 of 2015 on commercial companies.
Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueWarba Center
1 File(s)
Meeting Date/TimeMar 29, 2016 11:00:00 AMType of MeetingAnnual General Meeting
Net Profit/Loss44,003,854/-Cash Dividend25,000,000/-
Bonus Share
Announcements/Resolutions

1.       Board of Directors’ report for the financial year ended31/12/2015.

2.       Auditors’ report for the financial year ended 31/12/2015.

3.       Financial Statements for the year ended 31/12/2015.

4.       Boardof Directors’ suggestions in respect of distributing 2015 profit and retainedearnings of the last year.

a)       Transfer10% of the net profit for the year 2015 amounting AED 4,400,385/- to legalreserve.

b)       Transfer10% of the net profit for the year 2015 amounting AED 4,400,385/- to Statutoryreserve.

c)       Distribute25% of the paid up capital amounting AED 25,000,000/- as dividend to theShareholders.

d)       TransferAED 10,000,000/- to General Reserve.

e)       Directors’remuneration of AED 604,062/- for the year 2015 as per Company’s guidelines.

f)       Transferthe balance of the Profit of AED 5,737,104/- to next year.

5.       DischargingChairman, Board of Directors and Auditors from their responsibility for theyear ended 31/12/2015.

6.       Appointing Auditors M/s. Grant Thorntonfor the year 2016 and determined their fees.

Last Date For Dividend EntitlementWednesday, April 06, 2016Ex-Dividend DateThursday, April 07, 2016
Register Closing (Settlement) DateSunday, April 10, 2016Trading Suspension Date
Trading Resuming DateDividends Payment DateSunday, April 24, 2016
Payment EntityMeeting VenueAlliance Insurance Head Office, Warba Centre, Dubai
1 File(s)
Meeting Date/TimeApr 05, 2015 11:00:00 AMType of MeetingAnnual General Meeting
Net Profit/Loss48,133,471.00Cash Dividend25%
Bonus Share
Announcements/Resolutions

Board of Directors’ report and Auditor’s report for the financial year ended 31/12/2014.

Financial Statements for the year ended 31/12/2014.

Election of Board Members for the period 2015 – 2018.

Appointing Auditors M/s.“Deloitte & Touche” for the year 2015 and determined their fees.

Board of Directors’ suggestions in respect of distributing 2014 profit and retained earnings of the last year.

Directors’remuneration for the year 2014 as per Company’s guidelines.  

Discharging Chairman, Board of Directors and Auditors from their responsibility for the year ended 31/12/2014. 

 

Last Date For Dividend EntitlementMonday, April 13, 2015Ex-Dividend DateTuesday, April 14, 2015
Register Closing (Settlement) DateWednesday, April 15, 2015Trading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueAlliance Insurance Head Office, Warba Centre, Dubai
1 File(s)
Meeting Date/TimeMar 26, 2013 11:00:00 AMType of MeetingAnnual General Meeting
Net Profit/Loss40,755,930.00Cash Dividend15%
Bonus Share0%
Announcements/ResolutionsThe ratification of the report of the Governing Council on the activities of the company and its financial position for the financial year ended 31/12/2012
The ratification of the auditors' report for the financial year ended 31/12/2012
The ratification of the company's balance sheet and profit and loss account for the financial year ended 31/12/2012
The ratification of the Board's proposals on the distribution of a cash dividend of 15% of the paid-up capital equivalent to 15 million dirhams
Approval of the members of the Board of Directors' remuneration for the year 2012 according to the rules of procedure of the company
Appointment of auditors for the year 2013 and determine their remuneration
Releasing Sirs / Chairman and members of the Board of Directors and Auditors of the responsibility for the financial year ended 31/12/2012
Last Date For Dividend EntitlementWednesday, April 03, 2013Ex-Dividend DateThursday, April 04, 2013
Register Closing (Settlement) DateSunday, April 07, 2013Trading Suspension DateTuesday, March 26, 2013
Trading Resuming DateWednesday, March 27, 2013Dividends Payment Date
Payment EntityMeeting VenueCompany headquarters
1 File(s)
Meeting Date/TimeApr 02, 2012 04:30:00 PMType of MeetingAnnual General Meeting
Net Profit/Loss41,611,054.00 AEDCash Dividend15%
Bonus ShareN/A
Announcements/ResolutionsApproved the Board of Directors Report and Auditors' Report for the financial year ended 31/12/2011- Approved the balance sheet and final accounts of the Company for the financial year ended 31/12/2011- Approved the cash dividend by 15% of the paid-up capital equivalent to 15 million Dirhams - Transfer funds to the general reserve and legal reserve and statutory reserve - Adoption of Directors' remuneration - To absolve the President and members of the board of directors and auditors of the responsibility for the financial year ended 31/12/2011 - Reset the auditors for the year 2012 and determine their fees - Election of Board of Directors
Last Date For Dividend Entitlement10/04/2012Ex-Dividend Date11/04/2012
Register Closing (Settlement) Date12/04/2012Trading Suspension DateN/A
Trading Resuming DateN/ADividends Payment Date
Payment EntityMeeting VenueThe company's headquarters - AL WARBA Commercial Center
1 File(s)
Meeting Date/TimeApr 12, 2011 04:30:00 PMType of MeetingAnnual General Meeting
Net Profit/LossAED 45,103,549Cash Dividend15%
Bonus Share
Announcements/Resolutions- Approved the report of the BOD & the auditor’s report for the year ended 31/12/2010 - Approved balance sheet and the Income Statement of the company for the year ended 31/12/2010- Approved to distribute cash dividends of 15% - Absolved the members of the Board of Directors and auditors from responsibilities for the year ended 31/12/2010 – Approved to appoint auditors for the Financial Year 2011 and approved their fees
Last Date For Dividend Entitlement20/ April /2011 Ex-Dividend Date21/ April /2011
Register Closing (Settlement) Date24/ April /2011 Trading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueCompany’s main building
Meeting Date/TimeApr 08, 2009 05:30:00 PMType of MeetingExtraordinary Meeting
Net Profit/LossAED 42,473,000Cash Dividend
Bonus Share
Announcements/Resolutions- Cause the necessary amendments on Article of Association
Last Date For Dividend EntitlementN/AEx-Dividend DateN/A
Register Closing (Settlement) DateN/ATrading Suspension DateN/A
Trading Resuming DateN/ADividends Payment DateN/A
Payment EntityN/AMeeting VenueCompany’s main building
Meeting Date/TimeApr 08, 2009 04:30:00 PMType of MeetingAnnual General Meeting
Net Profit/LossAED 42,473,000Cash Dividend15%
Bonus Share
Announcements/Resolutions- Approved the report of the BOD & the auditor’s report for the year ended 31/12/2008 - Approved balance sheet and the Income Statement of the company for the year ended 31/12/2008- Approved to distribute cash dividends of 15% - Absolved the members of the Board of Directors and auditors from responsibilities for the year ended 31/12/2008 – Approved to appoint auditors for the Financial Year 2009 and approved their fees - Appointed new BOD members for the next three years
Last Date For Dividend Entitlement15/ April /2009 Ex-Dividend Date16/ April /2009
Register Closing (Settlement) Date19/ April /2009 Trading Suspension DateN/A
Trading Resuming DateN/ADividends Payment DateN/A
Payment EntityN/AMeeting VenueCompany’s main building
Top ShareholdersLast Refreshed at: 16 July 2018

Individual Investors

ShareholdersPercentage
JUMA SAIF RASHID BIN BAKHIT 29.50%
SHAIK AHMED BINSAEED AL MAKTOUM 25.00%
شركه الخليج للتأمين ش م ك 20.00%
SAEED MOHAMMED ALI ALKAMDA 7.50%
ASHRAF SHERBAZ NAWABI 5.00%
RASHED SAEED ALKAMDA 5.00%

  • 1 EN
    1

    Article of Association - 0001

Foreign Investments View all
National GCC Arab Other Nationalities
Country of Origin Actual Permitted Actual Permitted Actual Permitted Actual Permitted As of Date:
United Arab Emirates 80% 100% 20% 25% 0% 25% 0% 25% 16-07-2018
Showing Last 10 Corporate Governance Reports - ALLIANCE View all
  • 09-03-2017

    ALLIANCE - CGR 2016

  • 31-12-2015

    Corporate Governance Report - ALLIANCE 2015

  • 01-01-2013

    Corporate Governance Report ALLIANCE 2013

Showing Corporate Actions - ALLIANCE View all
Year2018Corporate Action Typecash dividends
Last Date For Action Entitlement4/18/2018Ex-Dividend Date4/19/2018
Register Closing (Settlement) Date4/22/2018Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribute 30% cash dividends as agreed at the GA held on 11/04/2018
Year2017Corporate Action TypeCash dividends
Last Date For Action Entitlement4/5/2017Ex-Dividend Date4/6/2017
Register Closing (Settlement) Date4/9/2017Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribute 25% cash dividends as agreed at the GA held on 29/03/2017
Year2016Corporate Action Typecash dividends
Last Date For Action Entitlement4/6/2016Ex-Dividend Date4/7/2016
Register Closing (Settlement) Date4/10/2016Trading Suspension Date5/3/2016
Trading Resuming Date5/3/2016Run (Effective) DateNot Available
Corporate Action DetailsDistribute 25% cash dividends as agreed at the GA held on 29/3/2016
Year2015Corporate Action TypeCash Dividends
Last Date For Action Entitlement4/13/2015Ex-Dividend Date4/14/2015
Register Closing (Settlement) Date4/15/2015Trading Suspension Date4/5/2015
Trading Resuming Date4/6/2015Run (Effective) DateNot Available
Corporate Action DetailsDistribute 25% cash dividends as agreed at the AGM held on 05/04/2015
Year2014Corporate Action Type Cash Dividends
Last Date For Action Entitlement3/31/2014Ex-Dividend Date4/1/2014
Register Closing (Settlement) Date4/2/2014Trading Suspension Date3/23/2014
Trading Resuming Date3/24/2014Run (Effective) DateNot Available
Corporate Action DetailsDistribute 25% cash dividends as agreed at the AGM held on 23/03/2014
Year2013Corporate Action TypeCash Dividends
Last Date For Action Entitlement4/3/2013Ex-Dividend Date4/4/2013
Register Closing (Settlement) Date4/7/2013Trading Suspension Date3/26/2013
Trading Resuming Date3/27/2013Run (Effective) DateNot Available
Corporate Action DetailsDistribute 15% cash dividends as agreed at the AGM held on 26/03/2013
Year2012Corporate Action TypeCash Dividends Distribution
Last Date For Action Entitlement4/10/2012Ex-Dividend Date4/11/2012
Register Closing (Settlement) Date4/12/2012Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribute 15 % cash dividends as agreed at the AGM held on 02/04/2012
Year2011Corporate Action TypeCash Dividends Distribution
Last Date For Action Entitlement4/20/2011Ex-Dividend Date4/21/2011
Register Closing (Settlement) Date4/24/2011Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribute 15% cash dividends as agreed at the AGM held on 12/04/2011
Year2010Corporate Action TypeCash Dividends Distribution
Last Date For Action Entitlement4/20/2010Ex-Dividend Date4/21/2010
Register Closing (Settlement) Date4/22/2010Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribute 15% cash dividends as agreed at the AGM held on 12/04/2010.
Year2010Corporate Action TypeBonus Shares Issue
Last Date For Action Entitlement4/20/2010Ex-Dividend Date4/21/2010
Register Closing (Settlement) Date4/22/2010Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) Date4/22/2010
Corporate Action DetailsIssue 33.33% bonus shares as agreed at the AGM held on 12/04/2010 leading the number of shares reaches 1,000,000
Year2009Corporate Action TypeCash Dividends Distribution
Last Date For Action Entitlement4/15/2009Ex-Dividend Date4/16/2009
Register Closing (Settlement) Date4/19/2009Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribute 15% cash dividends as agreed at the AGM held on 08/04/2009.
Year2008Corporate Action TypeCash Dividends Distribution
Last Date For Action Entitlement4/14/2008Ex-Dividend Date4/15/2008
Register Closing (Settlement) Date4/16/2008Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribute 20% cash dividends as agreed in their AGM held on 06/04/2008.
Year2008Corporate Action TypeBonus Shares Issue
Last Date For Action Entitlement4/14/2008Ex-Dividend Date4/15/2008
Register Closing (Settlement) Date4/16/2008Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsIssue bonus shares in the ratio of (25%) activated as agreed at the Annual General Meeting held on 06/04/2008.
Year2007Corporate Action Typebonus shares
Last Date For Action Entitlement3/21/2007Ex-Dividend Date3/22/2007
Register Closing (Settlement) Date3/25/2007Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) Date3/25/2007
Corporate Action DetailsIssue 20% bonus shares as agreed at the AGM held on 14/3/2007 leading the number of outstanding shares to reach 600,000.
Year2007Corporate Action TypeCash Dividends Distributions
Last Date For Action Entitlement3/21/2007Ex-Dividend Date3/22/2007
Register Closing (Settlement) Date3/25/2007Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) Date3/25/2007
Corporate Action DetailsDistribute 20% bonus shares as agreed at the AGM held on 14/3/2007.
Disclaimer
  • Ownership percentage is subject to change based on several reasons including the following:
    1. Trading activity.
    2. Off-Market Transactions such as family and inheritance transfers.
    3. Changes in the nationality status of investors.
    4. Securities deposits and withdrawals to and from DFM for Dual listed companies.
    5. Capital increase by issuing new shares to a strategic investor.
    6. Converting Bonds into shares.
    7. Equity added to the equity of the associated group.
    8. Direct Deals.

 

Percentages are updated daily after 4 pm
Disclaimer
The above published Ownership Percentages:
  • Are updated daily at the end of every trading day based on date of trade and not settlement date.

  • The ownership percentages are rounded off to 2 decimal places

  • Ownership percentages are subject to change due to the following:

    1. Trading activities.

    2. Off-Market Transactions such as family and inheritance transfers.

    3. Changes in the nationality status of investors.

    4. Securities deposits and withdrawals to and from DFM for Dual listed companies.

    5. Capital increases, by issuing new shares to Strategic investor

    6. Converting bonds or Sukuk into shares.

    7. Changes of associated group’s ownership.

    8. Direct Deals. (The ownership percentage is changed immediately after the execution of the deal).

    9. Failed trade settlement.


DISCLAIMER

The information provided in this document is only available in Arabic due to the (Dubai court attestations only being in Arabic herein after referred thereto as (“Information”) is provided by way of general information and comment only. While reasonable care has been taken in producing this Information, changes in circumstances may occur at any time and may impact on the accuracy of the Information. The Information does not constitute professional advice or provision of any kind of services and should not be relied upon as such.  Dubai Financial Market (“DFM”) and/or its affiliates, officers or employees,  does not give any warranty or representation as to the accuracy, reliability, timeliness or completeness of the Information now or in the future. DFM shall not be liable for any loss suffered, directly or indirectly by any person acting in reliance upon the Information contained herein. 


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