Union Insurance
UNION
UNION
Union Insurance has announced receiving an approval by the Securities and Commodities Authority (SCA) to buy back 10% of its shares.
The Company, which is listed on the Abu Dhabi Securities Exchange (ADX), highlighted that the buy-back process will be executed in accordance with Article no. 168 of the Corporate Law and amendments thereto, as well as SCA’s laws and regulations.
Financial statements for Union Insurance for the first nine months of 2014 showed a 6% surge to AED 43.75 million against AED 27.33 million during the same period in 2013.
The Company’s capital amounts to AED 330,939,180 at par value AED 1 per share.
Photo Credit: Arabianeye-Reuters
The Company, which is listed on the Abu Dhabi Securities Exchange (ADX), highlighted that the buy-back process will be executed in accordance with Article no. 168 of the Corporate Law and amendments thereto, as well as SCA’s laws and regulations.
Financial statements for Union Insurance for the first nine months of 2014 showed a 6% surge to AED 43.75 million against AED 27.33 million during the same period in 2013.
The Company’s capital amounts to AED 330,939,180 at par value AED 1 per share.
Photo Credit: Arabianeye-Reuters
Source:
Mubasher
