UAE, June 26 -- In line with the company's efforts to strengthen its financial position, Union Insurance has decided to offset accumulated losses by reducing its capital from AED 330 million to AED 230 million. This measure is currently being implemented with the relevant authorities. The Abu Dhabi Securities Exchange announced yesterday that the trading company's shares has been suspended in connection with this matter. Trading is scheduled to resume on Monday, June 30, 2025.

It is worth noting that after this reduction, the company will continue to maintain a capital that is more than double the minimum required for insurance companies, according to Central Bank regulations. Furthermore, company's solvency and liquidity continue to be ...