United Fidelity Insurance Company (P.S.C) Corporate Governance Report for the year December 31,2025 | premargin
United Fidelity Insurance Company (P.S.C) Corporate Governance Report for the year December 31,2025
·ADX·Financial Reports | Corporate Governance Report·April 15, 2026·View on exchange
AI Summary
The General Assembly approved a capital increase from AED 160 million to AED 267 million through a rights issue of 107 million shares to address regulatory capital shortfalls.
External auditors Grant Thornton noted material uncertainty regarding the company's ability to continue as a going concern, as it did not meet the Minimum Capital Requirement (MCR) or Solvency Capital Requirement (SCR) as of year-end 2025.
The company increased its Emiratization rate to 24.28% in 2025, up from 19.05% in the previous year, while maintaining one female representative on its seven-member board.
No remuneration was paid to Board of Directors members for 2024, and no remuneration has been proposed for the 2025 fiscal year.
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