Al Fujairah National Insurance Q1 profit

<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

News

Moody's assigns Baa2 IFS rating to Al Fujairah National Insurance Co.

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

Most Viewed Companies

Ticker Price Volume
SABIC 114.77 5,915,941
SAMBA 26.98 1,138,683

Valuation

AFNIC Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
QATI 37.50 -0.85 (-2.22%)
TAWUNIYA 79.45 4.04 (5.35%)
BUPA 102.70 7.22 (7.56%)
QGRI 45.00 -1.90 (-4.06%)
ARCCI 73.45 1.93 (2.69%)

Recent News

SABIC-MCC joint venture starts output

05/04/2018

SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.

Saudi Gazette

S&P affirms QIB rating at A-

05/04/2018

Standard & Poor’s (S&P) has affirmed QIB’s Issuer Credit Rating at A-, Qatar’s leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB’s rating

Gulf Times

Qatar National Bank seeks growth in Southeast Asia

05/04/2018

Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told

The Peninsula

Doha Bank’s third Indian branch opens today

04/04/2018

Doha Bank has announced the official inauguration of its Chennai Branch, in the southern Indian state, will be held today. This is Doha Bank’s third city in India after its successful establishment o

The Peninsula

SHUAA to act as liquidity provider to Bank of Sharjah

04/04/2018

Bank of Sharjah said it has engaged SHUAA Capital International as liquidity providers for its shares and will commence the activity from April 4. SHUAA Capital International shall not hold more than

Gulf News

logo

Financial Information Co.

P.O. Box 69410, Riyadh 11547, Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2024, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap