Abu Dhabi-Mubasher: Abu Dhabi National Insurance Company (ADNIC) said it will hold a board meeting on 10 January to look into the terms and conditions of a possible issue of mandatory convertible bonds, according to a bourse filing on Monday.
The board will also discuss a transfer from general reserve to retained earnings. In addition, the meeting will weigh up a proposal of registering and licensing an insurance company specialised in life insurance business.
A draft of the company's articles of association will also be reviewed for issuance by the ordinary general meeting.
