Dubai Islamic Insurance and Reinsurance Company (AMAN) will hold its first Annual General Meeting (AGM) today at the Dubai Chamber of Commerce and Industry (DCCI). The Chairman, board members and senior officials are expected to participate at the AGM.
AMAN began its operations in 2003 after a successful Initial Public Offering (IPO) by the company. The company had offered 55 percent of the company's equity to United Arab Emirates (UAE) national investors to raise Dh 33 million. The IPO was heavily oversubscribed five times to total Dh 167 million.
A seven-point agenda has been drawn up for the AGM, which includes discussion on the annual report for the financial year ending December 31, 2003. The meeting is also expected to discuss the Fatwa report for the business activities of the company for the year 2003, in addition to the appointment of the auditors for the forthcoming financial year ending December 31, 2004. — (menareport.com)
© 2004 Mena Report (www.menareport.com)
