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- Gulf Bank hosts tufting, embroidery workshop for red cardholders
- Bahrain All Share Index marks 1,946.89 points
- Bahrain sees robust pipeline of financial institutions: 16 new financial institutions licensed, 52 in progress
- Qatar Insurance company issues USD 500 million Tier II Bond
- 'Results of QSE listed companies to have positive impact on performance'
- Businesses in Japan opt to renovate aging facilities, not build new ones
- MPHC restructures partnership for salt production facility in Qatar
- Dubai school operator Taaleem moves closer to Dh1 billion in 2024-25 revenue
- Saudi Arabia Pledges $25 Bln Investment to Support Africa
- Gamezop to set up regional headquarters in Bahrain
13/02/2017 05:52 AST
Abu Dhabi National Insurance Company (Adnic) has swung into profit in 2016 after reporting a loss in the previous year, the company said in a statement. Adnic has reported a net profit of Dh205 million for 2016 compared to a net loss of Dh334.5 million for 2015.
For the year 2016, Adnic's Gross Premium Written was Dh2.38 billion compared to Dh2.29 billion in 2015. The total assets of the company increased by 15.8% to Dh6.49 billion as on December 31st 2016, compared to Dh5.60 billion during the same period last year, according to the company.
Shaikh Mohammad Bin Saif Al Nahyan, Chairman of Adnic, said: "Adnic has sustained its profitability throughout 2016 with continued strong underwriting and net profit growth for the last quarter of this year. The realignment of Adnic's operational strategy has delivered positive results and has enabled the Company to report a strong financial performance."
Gulfnews
01/11/2017
Abu Dhabi National Insurance Company (Adnic), a top multi-line insurance provider, has posted a net profit of Dh178.5 million ($47.5 million) for the first nine months of the year, an increase of 24
Trade Arabia
11/05/2017
Profit at Abu Dhabi National Insurance Company (Adnic) nearly doubled during the first quarter, even as premiums remained basically flat.
The insurer, the UAE's third-largest by gross writ
The National
28/02/2017
ADNIC has sustained its profitability throughout the year 2016 with strong underwriting results and net technical profit. Net profit increased from AED 205 million for 2016, compared to a net loss of
Press Release
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| IHC | 400.00 | -0.10 (-0.03 |
| FAB | 16.90 | -0.28 (-1.63 |
| EMIRATESNBD | 23.60 | 0.30 (1.28 |
| ADCB | 13.66 | 0.40 (3.01 |
| ADIB | 21.66 | 0.06 (0.27 |
04/07/2025
In line with its ongoing commitment to enriching the youth experience, Gulf Bank recently organized a creative workshop on tufting and embroidery arts for its red cardholders, in collaboration with t
Kuwait Times
04/07/2025
Qatar Insurance Company Q.P.S.C. (QIC) announced that it has successfully issued a USD 500 million subordinated perpetual Tier II capital bond with a fixed coupon of 6.15%.
The issuance was
Gulf Times
04/07/2025
Mesaieed Petrochemical Holding Company (MPHC) is pleased to announce a significant update following our previous announcement on 23rd September 2024. The parties has reached a mutual agreement for th
The Peninsula
04/07/2025
The Dubai headquartered school operator Taaleem is moving closer to generating revenues of over Dh1 billion for its current financial year. In the first nine months, the company's cleared revenues of
Gulfnews
04/07/2025
Americana Restaurants International, a leading quick-service and casual dining operator across the Mena region and Kazakhstan, has signed an exclusive franchise agreement with carpo - a premium Greek
Trade Arabia
Financial Information Co.
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