21/03/2018 11:38 AST

Oman Insurance Company held its Annual General Assembly meeting yesterday which was presided over by H.E. Abdul Aziz Abdulla Al Ghurair, Chairman of the Board of Directors. The Board approved the proposal to distribute cash dividends for 2017 at the rate of 10% of the nominal value of the share.

The Chairman announced that the company achieved its highest ever gross written premiums reaching AED 3.72 billion against AED 3.56 billion in 2016. The company, listed on Dubai Financial Market stock exchange, increased its net profit by 32% to reach AED 104,485 million in 2017 against AED 79.89 million in 2016. The total assets of the Company increased to AED 7.4 billion.

The members of the Board of Directors were happy with the performance of the Company during 2017 considering the challenging year faced by both the global economy and local insurance industry. Oman Insurance witnessed successes towards its four strategic pillars to constantly outperform, lead through service, move boundaries and empower customers. Commenting on the results, Christos Adamantiadis, Chief Executive Officer of Oman Insurance Company said “2017 saw us take great strides in digital transformations with the launch of our eCommerce platform, several online portals to support our service delivery and surveys to gain immediate customer feedback. We bolstered our strong underwriting practice with actuarial insights, and strengthened our staff expertise by creating the right learning and development programs for our employees. We are excited about our business plans rolling out in 2018 as many of our new initiatives, like our award winning corporate wellness program LivFit, continue to gain traction and strengthen our leading position in this market.”

Press Release

Oman Insurance develops growth strategy


Oman Insurance Company (OIC) has formulated a three-year strategy aimed at boosting profitability and growing premiums at a compound annual growth rate (CAGR) of 11 per cent despite fierce competitio

The National

Competition and regulations to rein in profit growth at Oman Insurance


Oman Insurance Company (OIC), the biggest insurer in the UAE, is forecasting its profit this year to be slightly less than last year because of lower investment income, which is being hit by a slowin

The National

Oman Insurance Company appoints Christos Adamantiadis as new CEO


Oman Insurance Company (OIC) announces the appointment of Christos Adamantiadis as Chief Executive Office to replace Patrick Choffel who ends his successful four years tenure with the UAE’s leading

Press Release

Ticker Price Volume
QNBK 196.50 47,039
APPC 52.50 136,631
JARIR 154.40 128,461
SAICO 12.10 1,639,850
WALAA 22.60 154,172
CATERING 86.50 91,333
ALMARAI 51.10 75,356
OIC Sector Market
Dividend Yield (%)
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
Ticker Price Change
QATI 36.55 0.29 (0.79%)
BUPA 77.90 -1.30 (-1.65%)
TAWUNIYA 62.50 0.40 (0.64%)
QGRI 47.47 1.25 (2.70%)
ARCCI 67.50 0.10 (0.14%)
Alinma Bank hosts Fintech Forum


ALINMA Bank hosted its first-ever FinTech-focused event at the Four Seasons hotel in last Dec. 3, 2018. The gathering was hosted by the bank in partnership with FinTech Saudi and Alinma Investment Co

Saudi Gazette

Adnoc awards onshore stake to ZhenHua Oil


The Abu Dhabi National Oil Company (Adnoc) announced, on Sunday that the four per cent stake in its onshore concession, previously held by CEFC China Energy Company Limited (CEFC China), has been acq

The Gulf Today

Burgan Bank appoints CEO for Kuwait


Burgan Bank has announced today the appointment of Raed Al-Haqhaq as chief executive officer for its operations in Kuwait after obtaining approval from the Central Bank of Kuwait.


Trade Arabia

Bank Sohar awards social media contest winners


Following an exciting social media competition focused on the safety and wellbeing of student communities that witnessed thousands of participants, Bank Sohar recently invited at its head office in M

Oman Daily Observer

Omantel awards second Porsche


Omantel has given away a Porsche Panamera, the 2nd grand prize of its ‘Recharge and Win’ promotion last week, in a ceremony held at Safeer Mall Suhar.

Saleh al Maimani, Senior Manager of Pr

Oman Daily Observer