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27/04/2014 06:03 AST
Dhofar Insurance Co has reported a five per cent growth in net profit to RO1.66mn for the first quarter ended March 31, 2014, compared with a net profit of RO1.58mn for the corresponding period of the previous year.
The company's total premium written for the first quarter 2014 amounted to RO18.39mn, compared with RO16.26mn for the same period of the previous year, an increase of 13 per cent.
The company's net underwriting results for the three-month period amounted to RO3.3mn, against RO2.37mn in the first quarter of 2013, a growth of 39 per cent.
"The company continues to adopt a wise underwriting policy, despite the severe competition witnessed by the local market and the strict control for accepting risks at the international level," said Qais al Mashani, chairman of Dhofar Insurance, in the directors' report.
Net investment income decreased to RO405,162 in the first quarter of 2014, compared with RO797,808 in the same period last year.
Muscat Daily
16/02/2014
A memorandum of understanding (MoU) was signed between Dhofar Insurance Company and Munich Health Daman Holding for forming a joint venture company specialised in health insurance in Oman, said a dis
Times of Oman
07/03/2013
The court of appeal supported the decision of the disciplinary committee of CMA imposing a fine of R.O. 5000 on Dhofar Insurance Company for violation of some of the rule pertaining to the convene of
Press Release
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Aluminium Bahrain (Alba), the world's largest aluminium smelter on one site, has announced that it had achieved a major occupational safety milestone by clocking 37 million safe working hours without
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GWC takes pride in being at the forefront
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This colla
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Saudi Aramco has lowered its official selling prices for propane and butane for July 2025, reflecting changing global market dynamics.
In a statement released on Sunday, the oil giant set pr
Arab News
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