UAE – Al Buhaira Ins. had AED 42 mln profit at end of Q3
Thursday, 11 19 2020, Category: Insurance and Reinsurance, Country: U.A.E
Al Buhaira National Insurance Company achieved a net profit of 42 million dirhams for the end of the third quarter of 2020, and written premiums amounted to 693 million dirhams. Profits from insurance operations reached 30.7 million dirhams. Shareholders’ equity amounted to 692 million dirhams, compared to 654 million at the end of 2019. The company’s assets amounted to 2,235 million dirhams. Sheikh Faisal bin Khalid bin Sultan Al Qasimi, Chairman of the Board of Directors, said: “We achieved good technical results during the third quarter despite the claims incurred by the company.