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02/05/2009 00:00 AST
Al Dhafra Insurance Company has reported a net profit of AED15.55 million, or basic earnings per share of AED0.21, for the first quarter ended March 31, 2009, a decrease of 25.76%, compared to AED20.95 million, or basic earnings per share of AED0.28, for the corresponding quarter of 2008.
For the first quarter of 2009, net investment and other income was AED1.27 million, a decrease of 86.95%, compared to AED9.76 million for the same quarter of 2008.
For the first quarter of 2009, net underwriting income was AED18.93 million, an increase of 21.2%, compared to AED15.62 million for the same quarter of 2008. Gross premium income for the first quarter of 2009 was AED70.47 million, an increase of 0.82%, compared to AED69.89 million in the corresponding quarter of 2008.
Total assets of the company as of March 31, 2009 were AED672.6 million, compared to AED653.74 million as of December 31, 2008.
Insurance Business Review
01/11/2010
Abu Dhabi-based Al Dhafra Insurance third quarter profit more than doubled on strong growth in investment income, gross premiums and net underwriting income.
The company's financial statem
Business 24|7
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| IHC | 401.00 | -0.90 (-0.23 |
| FAB | 16.70 | 0.10 (0.60 |
| EMIRATESNBD | 23.05 | 0.25 (1.09 |
| ADCB | 13.28 | -0.20 (-1.49 |
| ADIB | 21.34 | -0.16 (-0.75 |
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Meeza, Qatar's leading Managed IT services and data centres provider, has signed a strategic long-term agreement valued at more than QR350mn with a global hyper-scaler, marking a major milestone in i
Gulf Times
02/07/2025
United Development Company (UDC), the master developer of The Pearl Island and Gewan Island, has been honoured with four out of six prestigious international accolades in environment and sustainabili
Gulf Times
02/07/2025
Jadwa Investment has led a $50 million investment round in PetroApp, Saudi Arabia's leading fuel management platform.
Founded in 2018, PetroApp is Saudi Arabia's first independent provider
Trade Arabia
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Leading UAE developer Aldar has annoucned that it has acquired quality warehousing and light industrial real estate assets in the Al Dhafra region of Abu Dhabi from Waha for AED530 million ($144 mill
Trade Arabia
02/07/2025
National Investments Company (NIC) has released its second annual Sustainability Report for 2024, reinforcing its institutional commitment to embedding sustainability principles and enhancing governa
Kuwait Times
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