UAE - ADX Decides to Delist ADNIC Converted Shares
Wednesday, 03 25 2020, Category: Insurance and Reinsurance, Country: U.A.E
Due to the holding of the General Assembly of Abu Dhabi National Insurance Company on 3/15/2020 and approval of the company budget and profit and loss account for the fiscal year ending on December 31, 2019 and approval of the proposal of the company’s board of directors regarding the distribution of cash dividends to shareholders.
It was decided to de -list the shares of ADNIC Converted Shares (ADNIC2) and merge them with the shares of Abu Dhabi National Insurance Company (ADNIC), as of a trading session on Thursday 26/03/2020.
All Heads of Departments in ADX are to execute this resolution, all in their respective fields.