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- QIIG wins 'Takaful Insurance Company of the Year' award
- UDC wins Gold and Silver at Abu Dhabi Maritime Awards 2025
- Qatar Stock Edges higher on broad-based gains
- OPEC+ to undergo annual oil capacity audit under new plan
- NIC appoints Mohammed Al-Kharafi as Senior Executive Officer for DIFC office
- Omani-Saudi Coordination Committee in Trade, Industry and Economy meets
- Asyad unveils logistics projects to support hydrogen economy
- OQGN acquires gas pipeline in Block 61 for RO40mn
- Gold Falls 1% as Investors Book Profits, Treasury Yields Rise
- Prada Group acquires Versace in a $1.37 billion deal
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 | 400.00 | 0.50 (0.12 |
| FAB | 15.84 | 0.02 (0.12 |
| EMIRATESNBD | 24.40 | -0.15 (-0.62 |
| INVESTB | 0.45 | 0.00 (0.00 |
| ADCB | 14.10 | 0.64 (4.75 |
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The announce
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Financial Information Co.
Saudi Arabia