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- UAE businesses must prioritise corporate tax efficiency
- Meeza in QR350mn pact with global hyper-scaler; to utilise its 4MW data centre capacity expansion
- UDC wins 4 international awards
- Kuwait launches new tax on multinational companies, overhauls state property regulations
- Bahrain Bourse opens subscription for BHD 250 million Government Development Bond Issue 41
- Vatel Bahrain explores Vatel Academy in Lyon, France
- Jadwa leads $50m investment round in PetroApp
- Aldar acquires key Abu Dhabi logistics assets from Waha Capital
- National Investments Company launches its second Sustainability Report for 2024
- Brookfield acquires majority stake in Oman Tower Company
<b><font size="4">decreases</b></font>
09/05/2009 00:00 AST
UAE-based Al Fujairah National Insurance Company, in its interim management statement, has reported a profit of AED8.3 million, or basic earnings per share of AED11.07, for the first quarter ended March 31, 2009, compared to AED12.97 million, or basic earnings per share of AED17.29, for the corresponding quarter of 2008.
Net insurance premium revenue for the first quarter of 2009 was AED49.27 million, compared to AED41.16 million for the same quarter of 2008. Net commission earnings for the first quarter of 2009 was AED8.96 million, compared to AED14.51 million for the same quarter of 2008.
For the first quarter of 2009, net underwriting profit was AED8.65 million, compared to AED10.7 million for the same quarter of 2008.
Total assets of the company as of March 31, 2009 were AED407.87 million, compared to AED377.79 million as of December 31, 2008.
InsuranceBusinessNews
24/09/2013
Moody's has assigned a Baa2 insurance financial strength rating (IFSR) to Al Fujairah National Insurance Company P.S.C. (AFNIC), based in Fujairah, United Arab Emirates. The rating outlook is stable.
CPI Financial
| 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 |
02/07/2025
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
02/07/2025
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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