18/05/2017 06:00 AST

United Insurance Company said it has received the approval from the Securities and Commodities Authority to extend the subscription period for shares to increase the company's capital.

The rights issue is scheduled to end on June 6, instead of the previously set date of May 18, the insurance firm said in a bourse statement.

The company had previously invited investors to subscribe in shares for increasing the company's capital. It said that subscription invitation was published in papers on March 27, 2017. The company had also previously extended the pre-emption rights trading period and has altered the subscription timeline as per the announcement published in papers on May 5.


Gulfnews

Union Insurance gross premiums rise 12 per cent in first half

17/08/2015

Union Insurance Company said on Sunday it reported a 12 per cent rise in gross insurance premium in the first half to June.

The company reported a gross insurance of Dh331 million in the f

Gulfnews

United Insurance Company trims loss, but survival still in question

13/05/2015

United Insurance Company remains mired in uncertainty over its survival as an ongoing financial concern, despite trimming losses for the first quarter of the year.

The Ras Al Khaimah-based

The National

Union Insurance reports 12 per cent increase in H1 2014 net profit

13/08/2014

Union Insurance Company announced its results for the first six months of 2014, demonstrating robust financial performance.

Net profit has increased 12 per cent to AED 23.6 million compare

CPI Financial

Ticker Price Volume
FIDELITYUNITED Sector Market
Price/BookValue
Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg
Ticker Price Change
IHC 401.70 -0.30 (-0.08%)
FAB 13.90 -0.14 (-1.00%)
EMIRATESNBD 20.15 -0.30 (-1.47%)
ADCB 11.10 -0.22 (-1.95%)
EIB 12.25 0.00 (0.00%)
Saudi Awwal Bank signs SR2 billion credit facility with Saudi Binladin Group

25/04/2025

Saudi Awwal Bank (SAB), one of the leading banks in Saudi Arabia, has signed SR2 billion credit facility agreement with the Saudi Binladin Group, a subsidiary of Binladin International Holding Group,

Saudi Gazette

Dubai logistics firm Aramex CEO Othman AlJeda resigns

24/04/2025

The Dubai-based logistics firm Aramex has confirmed a new acting CEO after Othman AlJeda, the incumbent, resigned for personal reasons.

The change at the top comes just weeks after Abu Dhabi

Gulfnews

UAE banks continue to hit high growth in Q1-2025, with ADIB's net profit at D1.9b

24/04/2025

The leading UAE banks have put up some sizable growth in their Q1-2025 results, with ADIB's net profit before tax totalling Dh1.9 billion - and that's from an impressive 18% gain year-on-year.

Gulfnews

Salalah Port welcomes eco-friendly container ships

24/04/2025

Salalah Port has received five modern dual-fuel methanol-powered container vessels from Maersk's fleet, marking a significant milestone in the port's infrastructure development and readiness to accom

Times of Oman

QNB, Mastercard launch new debit cards campaign to reward customers

24/04/2025

QNB has launched a new campaign, aimed at rewarding customers to use their QNB Mastercard debit cards for everyday purchases.

The campaign, taking place from April 24-June 24, will offer win

Gulf Times