United Insurance announces extension of rights issue

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

News

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

Most Viewed Companies

Ticker Price Volume

Valuation

FIDELITYUNITED Sector Market
P/E
Price/BookValue

Momentum

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

Top Related Companies

Ticker Price Change
IHC 390.00 0.00 (0.00%)
INVESTB 2.91 -0.04 (-1.36%)
FAB 18.00 1.00 (5.88%)
EMIRATESNBD 28.05 1.30 (4.85%)
ADCB 12.68 0.32 (2.58%)

Recent News

Doha Bank shareholders approve distribution of 15% cash dividends

05/04/2026

Shareholders of Doha Bank have approved the board of directors' recommendation to distribute cash dividends of QR0.15 per share, equivalent to 15% of the nominal value, Doha Bank chairman Sheikh Faha

Gulf Times

Alramz in deal to build 900-unit integrated community in Jeddah

05/04/2026

Saudi-based Al Ramz Real Estate Company has announced the signing of an agreement for the establishment of a shariah-compliant real estate investment fund, to be managed by Oud Capital (the Fund Mana

Trade Arabia

Jazeera Airways launches three new flights to Indian sub-continent

05/04/2026

Kuwait's leading low-cost carrier Jazeera Airways has announced the launch of flights to three new destinations in the Indian sub-continent - Peshawar and Sialkot in Pakistan, and the South Indian ci

Trade Arabia

NBK - Egypt secures $50 million facility to finance MSMEs in Egypt

03/04/2026

National Bank of Kuwait - Egypt has secured a $50 million financing package from the European Bank for Reconstruction and Development (EBRD), supported by the European Union (EU), to expand access to

Kuwait Times

ADIB strengthens tie-up with Jubail Investment Company to deliver major project

03/04/2026

Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, has reaffirmed its role as a key enabler of large-scale real estate development through its strategic partnership with Jubail I

Trade Arabia

logo

Financial Information Co.

Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2025, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap