Hedge Funds & Alternative Investments
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Union Insurance reduces capital by 30.5% to offset accumulated losses
Union Insurance Company reduced its capital by 30.50% from AED 330.93 million to AED 230 million to offset accumulated losses amounting to AED 142.74 million. The transaction will be executed by utilizing AED 41.80 million from reserves, including AED 21.85 million from the statutory reserve and AED 19.95 million from…
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