ABU DHABI / WAM Abu Dhabi National Insurance Company (Adnic), approved the distribution of 30 percent cash dividends, AED 0.30 per share, implying total cash dividends of AED 144.6 million for the financial year ended December 31, 2019. Adnic concluded its Annual General Meeting (AGM) where shareholders approved the Board of Directors’ Report, financial statements, to amend Article (7) of ...

AL AIN / WAM Strata Manufacturing, the advanced composite aerostructures manufacturing facility wholly-owned by the Mubadala Investment Company PJSC, deployed two of the latest generation MTorres Automated Tape Laying (ATL), machines to support its Airbus A350-900 manufacturing capabilities. The Al Ain-based manufacturer has gained First Part Qualification and First Article Inspection design and quality verifications for the use of the ...

DUBAI / WAM Dubai Financial Market (DFM) announced that it is temporarily closing its trading floor and customer affairs counters until further notice beginning March 16, as part of its commitment to public health, and in line with measures taken in the UAE to contain coronavirus (Covid-19). Hassan Al Serkal, Chief Operating Officer and Head of Operations Division at DFM, ...