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- National Investments Company Wins Digital Innovation Award - Kuwait 2025
- Gulf Bank launches new corporate banking mobile application to support businesses
- KFH achieves KD 632.1 million in net profit for 2025, an increase of 5.0%
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27/07/2010 00:00 AST
Al Buhaira National Insurance Co, or ABNIC, has maintained same profitability level that was achieved at the end of the second-?quarter of 2009.
The company recorded Dh63 million net profit in the second quarter, says a Press release issued by the insurance firm on Monday.
"ABNIC's total net profit at the end of second quarter 2010 hovered around the same level that was achieved for the same period last year. The company recorded premium revenue of Dh405 million for the period ended June 30 compared to Dh419 million for the corresponding period of 2009," Shaikh Faisal bin Khalid Al Qassimi, Chairman of the Board of Directors, said.
The company posted Dh55 million as its underwriting profit compared to Dh60 million in 2009. The company's total assets stood at Dh2.08 billion compared to Dh1.96 billion in 2009. Shareholders equity stood at Dh634 million compared to Dh668 million in 2009 due to the distribution of Dh75 million as cash dividends to the shareholders.
"The company's strategy continues to be prudent and selective in targeting profitable investments and developing new insurance products in order to meet challenging requirements of its clients at various levels. In addition to that, ABNIC is improving its core competencies and enhancing its risk management controls in order to protect the rights of its shareholders and policyholders," Nader T Qaddumi, General Manager of the company, said.
Khaleej Times
19/03/2018
Al Buhaira National Insurance Co. (Abnic) reported a net profit of Dh52 million in 2017 compared to Dh43 million in 2016. The company posted Dh31 million in underwriting profits last year, up 24 per
Gulf News
19/03/2018
Al Buhaira National Insurance Co. (Abnic) reported a net profit of Dh52 million in 2017 compared to Dh43 million in 2016. The company posted Dh31 million in underwriting profits last year, up 24 per
Gulf News
02/08/2010
Standard & Poor's Ratings Services said today that it lowered its long-term counterparty credit and insurer financial strength ratings on United Arab Emirates (UAE)-based composite insurer Al Buhaira
AME Info
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| IHC | 399.50 | 0.00 (0.00 |
| FAB | 16.50 | 0.10 (0.60 |
| EMIRATESNBD | 26.15 | 0.90 (3.56 |
| INVESTB | 0.45 | 0.00 (0.00 |
| ADCB | 14.84 | 0.10 (0.67 |
28/01/2026
In a new achievement underscoring its institutional leadership and ability to adapt to the rapid transformations shaping today's business environment, National Investments Company announced that it h
Kuwait Times
28/01/2026
Gulf Bank announced the launch of its new application dedicated to SME & corporate enterprise banking, designed to meet the evolving needs of businesses across various sectors. The launch reflects th
Kuwait Times
28/01/2026
Chairman of Kuwait Finance House (KFH) Hamad Abdulmohsen Al-Marzouq said that, by the grace of Allah, KFH has reported net profit of KD 632.1 million attributable to the shareholders of the bank for
Kuwait Times
28/01/2026
Boubyan Bank announced its financial results for the year ended December 31, 2025, with its net profits growing by 4 percent compared with 2024 to reach KD 100.5 million. Profit Before Tax (PBT) grew
Kuwait Times
28/01/2026
National Bank of Kuwait (NBK) has announced its financial results for the financial year ended December 31, 2025. The bank reported a net profit of KD 575.6 million ($1.9 billion), compared to KD 600
Kuwait Times
Financial Information Co.
Saudi Arabia