United Fidelity Insurance Co PSC (UIC)

Abu Dhabi - Mubasher: United Fidelity Insurance Company has incurred AED 23.53 million accumulated losses as of the third quarter (Q3) of 2020, representing 23.5% of the company's paid-up capital. The accumulated losses have decreased from 26.2% …

Abu Dhabi – Mubasher: United Insurance Company (UIC) has changed its name to Fidelity United Insurance. The company’s trading symbol will also be modified to “FIDELITYUNITED”, the insurance firm said in a statement to the Abu Dhabi Securities …

By: Bedour Al Raie Abu Dhabi – Mubasher: UAE-listed companies increased their capital by AED 5.5 billion ($1.5 billion) in 2017 through a variety of methods, such as rights offerings in Arabtec Holding and Dar Al Takaful, or through bonus shares …

Abu Dhabi - Mubasher: United Insurance Company (UIC) posted losses of AED 1.64 million for the second quarter of 2017 against profits of AED 2.18 million in the same period last year, according to a bourse filing. The financial statements of the …

Abu Dhabi – Mubasher: United Insurance Company received the approval of the Securities and Commodities Authority to extend the trading period on the subscription rights in its capital increase shares, according to a press release on Wednesday. The …

Abu Dhabi - Mubasher: United Insurance Company announced on Monday the updates on its capital restructuring program, which it is planning to carry out in the upcoming period. The company said in a statement to the Abu Dhabi Securities Exchange …

Abu Dhabi – Mubasher: United Insurance Company (UIC) said subscription to its AED 100 rights issue will be on 26 April, according to a statement. A total of rights issue worth AED 25 million, representing 25% of UIC’s capital, will be offered to …

Abu Dhabi-Mubasher: United Insurance Company posted a 82% decline year-on-year in its losses during the third quarter of 2016, according to a bourse filing. Net losses reached AED 3.34 million ($909,100) in Q3-16, compared to AED 18.56 million …

Abu Dhabi-Mubasher: United Insurance Company posted a 77.2% decline in its losses year-on-year during the second quarter of 2016, according to a bourse statement. Net losses reached AED 2.18 million ($533,000) in Q2-16, compared to AED 9.57 …

Abu Dhabi – Mubasher: United Insurance Company trimmed its losses for the first quarter of fiscal 2016 by 29.9% year-on-year. Net losses reached AED 5 million ($1.36 million) in Q1-16, versus AED 7.07 million ($1.92 million) in Q1-15, according to …

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 …

Abu Dhabi – Mubasher: United Insurance Company’s board of directors accepted the resignation of its chairman Saqr Saeed Ghobash, and appointed his deputy Ahmed Al Naem as successor. The board said that the Ghobash’s resignation was due to …

Abu Dhabi-Mubasher: United Insurance Company posted AED 26.7 million losses in the fourth quarter of 2015, compared to AED 14.13 million in the same quarter of 2014; an increase of 89%. The company, which is listed on ADX, registered AED 61.8 …

Abu Dhabi – Mubasher: United Insurance Company (UIC) said it obtained an approval for capital restructuring measures from the Emirates Securities and Commodities Authority (ESCA) UIC’s capital will be reduced from AED 100 million to AED 50 million …

Abu Dhabi – Mubasher: United Insurance Company (UIC) on Monday announced that it is waiting for an approval from the Securities and Commodities Authority (SCA) and the Insurance Authority on capital restructuring procedures. The company said in a …

Abu Dhabi – Mubasher: United Insurance Company (UIC) said, in a bourse filing Wednesday, it decided to postpone the execution of the decision taken by the extraordinary general meeting on 2 July as regards the company’s capital increase. The …

  Abu Dhabi – Mubasher: United Insurance Company (UIC) said its shareholders have approved a capital increase by AED 50 million, from AED 100 million to AED 150 million, through the issuance of 50 million new shares at par value of AED 1 per …

 Abu Dhabi – Mubasher: United Insurance Company (UIC) has called for a shareholder meeting to discuss adjusting the company’s financial position and raising its capital, according to a filing to the Abu Dhabi Securities Exchange (ADX) on …

Abu Dhabi – Mubasher: United Insurance Company (UIC) narrowed its losses in the first quarter of 2015 by around 22% to AED 7 million ($1.9 million) from AED 9 million ($2.45 million) in the same period in 2014, the company said in a filing to the …

Abu Dhabi – Mubasher: United Insurance Company (UIC) said that it turned to losses in the fiscal year 2014.The company reported a net loss of AED 51.8 million ($14 million) in 2014 against a net profit of AED 8.44 million ($2.3 million) in …

Union Insurance Company announced, in a statement to the Abu Dhabi Securities Exchange (ADX), that its board of directors will meet on Wednesday, August 13, 2014, to discuss the Company’s financials for the second quarter of 2014.