DHOFAR INSURANCE Q1 NET PROFIT UP 5% TO RO1.7MN

27/04/2014 06:03 AST

Dhofar Insurance Co has reported a five per cent growth in net profit to RO1.66mn for the first quarter ended March 31, 2014, compared with a net profit of RO1.58mn for the corresponding period of the previous year.

The company's total premium written for the first quarter 2014 amounted to RO18.39mn, compared with RO16.26mn for the same period of the previous year, an increase of 13 per cent.

The company's net underwriting results for the three-month period amounted to RO3.3mn, against RO2.37mn in the first quarter of 2013, a growth of 39 per cent.

“The company continues to adopt a wise underwriting policy, despite the severe competition witnessed by the local market and the strict control for accepting risks at the international level,” said Qais al Mashani, chairman of Dhofar Insurance, in the directors' report.

Net investment income decreased to RO405,162 in the first quarter of 2014, compared with RO797,808 in the same period last year.


Muscat Daily

News

Dhofar Insurance plans JV for health insurance firm

16/02/2014

A memorandum of understanding (MoU) was signed between Dhofar Insurance Company and Munich Health Daman Holding for forming a joint venture company specialised in health insurance in Oman, said a dis

Times of Oman

The court of appeal supported the decision of the disciplinary com.

07/03/2013

The court of appeal supported the decision of the disciplinary committee of CMA imposing a fine of R.O. 5000 on Dhofar Insurance Company for violation of some of the rule pertaining to the convene of

Press Release

Most Viewed Companies

Ticker Price Volume
SABIC 114.77 5,915,941
SAMBA 26.98 1,138,683

Valuation

DICS Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
NLIF 0.32 0.00 (0.00%)
OTEL 0.88 0.00 (0.00%)
ORDS.MSM 0.50 0.00 (0.00%)
SSPW 0.24 0.00 (0.00%)
PHPC 0.14 0.00 (0.71%)

Recent News

SABIC-MCC joint venture starts output

05/04/2018

SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.

Saudi Gazette

S&P affirms QIB rating at A-

05/04/2018

Standard & Poor’s (S&P) has affirmed QIB’s Issuer Credit Rating at A-, Qatar’s leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB’s rating

Gulf Times

Qatar National Bank seeks growth in Southeast Asia

05/04/2018

Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told

The Peninsula

Doha Bank’s third Indian branch opens today

04/04/2018

Doha Bank has announced the official inauguration of its Chennai Branch, in the southern Indian state, will be held today. This is Doha Bank’s third city in India after its successful establishment o

The Peninsula

SHUAA to act as liquidity provider to Bank of Sharjah

04/04/2018

Bank of Sharjah said it has engaged SHUAA Capital International as liquidity providers for its shares and will commence the activity from April 4. SHUAA Capital International shall not hold more than

Gulf News

logo

Financial Information Co.

P.O. Box 69410, Riyadh 11547, Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2024, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap