Jordan Daily – Al-Manara Islamic Insurance Company held its 50th annual general meetings – both ordinary and extraordinary on Thursday, November 7, 2024, through a virtual platform, with an attendance rate of 86.3 percent.
During the ordinary general meeting, shareholders approved several key reports, including the Board of Directors’ report, the Sharia Supervisory Board’s report, and the auditor’s report for the fiscal year 2023.
They also ratified the company’s balance sheet and profit and loss statement for 2023, and unanimously granted discharge of liability to the board members for the year.
In the extraordinary meeting, the shareholders agreed to raise the company’s capital through a private subscription of 2.4 million shares at 600 fils per share, or a price to be set by the Securities Commission.
The increase will bring the company’s capital to JD 8 million shares, up from 5.6 million.
