United Global Insurance Calls Its Shareholders to a General Meeting in Ramallah

SadaNews: United Global Insurance has announced the convening of its regular and extraordinary general assembly meeting for its shareholders, which will be held on Thursday, April 23, 2026, at the Millennium Hotel in Ramallah, at 11:30 AM.

The meeting comes to discuss a number of key issues related to the company's performance over the past year and its future plans. The agenda for the regular meeting includes reading and approving the minutes of the previous session, in addition to presenting the Board of Directors' report on the company's activities during 2025, and hearing the auditors' report regarding the balance sheet and final accounts for the fiscal year ending December 31, 2025. The approval of these accounts will also be considered, alongside exonerating the Chairman and members of the Board of Directors for the same period, as well as electing or re-electing auditors for the fiscal year 2026 and authorizing the board to determine their fees.

Among the key items on the ordinary agenda is the Board of Directors' recommendation to distribute cash dividends to shareholders at a rate of 5% of the nominal and paid-in capital, totaling $690,000, following approval from the Capital Market Authority.

As for the extraordinary meeting, it will address the Board's proposal to increase the company's capital from $13.8 million to $15 million through the distribution of bonus shares amounting to 1.2 million shares, in addition to amending the company's articles of incorporation and bylaws to align with this increase, and making adjustments to some internal regulations in accordance with Governance Instructions No. (1) of 2025 concerning listed companies on the Palestine Stock Exchange.

For his part, the Chairman of the Board of Directors at Amalek, Jamal Naif Barhamah, confirmed in the official invitation that the company is keen for all shareholders to participate in these crucial decisions.

With this meeting, United Global Insurance aims to enhance the trust of its shareholders through transparency in presenting its business results, and to affirm its commitment to developing its financial and administrative performance in a manner that meets the requirements of modern governance and strengthens its position in the Palestinian insurance market.