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    Finance House to open up shareholding to foreigners

    An Extraordinary General Meeting (EGM) has been called for the 23rd of June, 2011, in order to amend the articles of association to comply with the requirements of Emirates Securities & Commodities Authority (ESCA), since …

    Read full article » United Arab Emirates: Wednesday, May 25 - 2011 @ 16:33
  • ein

    Insurance House set for rapid launch

    Mohammed Othman, General Manager of Insurance House, said, “With the weighty hard-work of its management team, IH managed to acquire licenses at a record period of time. Insurance House has registered remarkable progress since its …

    Read full article » United Arab Emirates: Sunday, May 15 - 2011 @ 12:10
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    Finance House to support local talent and products

    These products will replace the usual corporate gifts distributed to clients of the company.

    Mohammed Abdulla Alqubaisi, Chairman of Finance House, said: “We are particularly proud of the number of UAE National entrepreneurs and designers …

    Read full article » United Arab Emirates: Saturday, May 07 - 2011 @ 13:34
  • ein

    Finance House reports net profit of Dhs29.3m for Q1 2011

    Total Operating Income at Dhs52.7m was marginally lower than Dhs53m registered in Q1 last year primarily on account of fair value reductions in its trading portfolio representing investment in UAE stocks which suffered a temporary …

    Read full article » United Arab Emirates: Wednesday, April 20 - 2011 @ 08:51
  • ein

    Finance House AGM approves 15% cash and 10% stock dividend

    For the year ended 31 December 2010, the company recorded a net profit of Dhs115.1m, arising predominantly from core business activities. Total Assets registered an impressive growth of 15% to reach Dhs3.12bn as at 31 …

    Read full article » United Arab Emirates: Tuesday, March 22 - 2011 @ 13:12
  • ein

    First day of Insurance House IPO sees good turnout

    Majd Maayta, Director of Securities Services at the National Bank of Abu Dhabi, said, “On the first day of the IPO of the new company, the offer was well received by the UAE Nationals, where …

    Read full article » United Arab Emirates: Monday, February 28 - 2011 @ 10:50
  • ein

    Insurance House opens its IPO

    UAE Nationals, UAE private and public entities, and federal and local governmental entities can apply for a minimum of 25,000 shares, and additional shares can be applied for in multiples of 5,000. The allotment will …

    Read full article » United Arab Emirates: Saturday, February 26 - 2011 @ 14:04
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    Insurance House to launch IPO on 27 February

    Approved by the Abu Dhabi Executive Council, the Insurance Authority, the Emirates Securities & Commodities Authority and the Department of Economic Development, the IPO is the first in the UAE in over two years and …

    Read full article » United Arab Emirates: Tuesday, February 15 - 2011 @ 14:37
  • ein

    Insurance House to launch IPO in Abu Dhabi

    All regulatory approvals have been secured from the concerned authorities for the establishment of Insurance House, and the launch of the IPO.

    The capital of the company is Dhs120m, the founder’s stake of Dhs54m, equal …

    Read full article » United Arab Emirates: Saturday, February 05 - 2011 @ 17:00
  • ein

    Finance House announces 2010 net profit of Dhs115.1m

    This translates to an earning of 42 fils per share compared to 41 fils per share in 2009. Based on this steady performance under challenging economic conditions, the Board of Directors has proposed a cash …

    Read full article » United Arab Emirates: Wednesday, January 26 - 2011 @ 13:09






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