Arab Reinsurance Company: a new dimension
Home   |   Sitemap   |   Contact us
Follow us on
Is Climate Litigation Covered by Insurance? - Social Inflation or Science: What Is Fueling Climate Litigation? - Fortegra Europe Opens Branch in Czech Republic - Vantage launches Construction and Political risk business - UK Insurers Cautiously Willing to Underwrite Fire Safety Risks - Insurtech Foxquilt Raises $8M to Expand Small Business Offering in U.S. and Canada - Speciality Re/Insurer Convex Launches European Subsidiary With A- Rating From S&P - Debt surge in emerging markets may hurt insurance outlook: Swiss Re - Zurich Insurance Weighs Selling Some Australian Non-Core Assets - Reinsurers Face Major Claims Uncertainties, but Reap Benefits of Pricing Tailwinds - Corvus, SiriusPoint announce investment & underwriting capacity partnership - Munich Re backs energy storage systems provider ESS - Climate Change Could Force 200 Million People to Leave Their Homes by 2050 - Work of the scientific community and re/insurers needed to assess climate change: Lloyd’s - Gallagher Re Touts Advanced Integrated Reinsurance Analytics Platform - London Financial Employees Return to Offices Despite Rising Virus Cases - P/C Reinsurers Maintain Underwriting Discipline, Despite Rising Capacity: Guy Carpenter - Britain Looks to Revisit Data Privacy Regulations - WTW, Applied Systems target real-time pricing enhancements - Reinsurance environment “most attractive in a decade”: SCOR’s Launay - Willis Towers Watson’s New CEO Says It Has $5 Billion for Possible Acquisitions - Lloyd’s Reports H1 2021 Profit of £1.4B ($1.9B), with 92.2% Combined Ratio - Global Reinsurers Shoulder ‘Considerable Burden’ of COVID-19 Claims - “Inflation is the enemy of the re/insurance industry,” says Swiss Re CFO Léger - Global Reinsurance Rates, Demand to Continue Rising in 2022: Moody’s - Prudential’s Michael Koller joins MS Amlin as Chief Risk Officer - Rates need to and will harden further: Swiss Re CEO Mumenthaler - Russia’s Renaissance Insurance Plans $1 Billion IPO in Moscow: Reuters
Search Search
World News & Events
Enlarge Font Minimize Font

UAE - ADNIC shareholders approve cash dividends

Monday, 03 22 2021, Category: Insurance and Reinsurance, Country: U.A.E
Abu Dhabi National Insurance Company (ADNIC) has approved the distribution of 35 percent cash dividends (AED 0.35 per share, implying total cash dividends of 199.5 million) for the financial year ended 31 December 2020, after concluding its virtual Annual General Meeting (AGM) today.

All items on the agenda for the AGM were discussed and approved. Shareholders also approved ADNIC’s financial statements for the year ended 31 December 2020.

Sheikh Mohamed Bin Saif Al-Nahyan, Chairman of ADNIC, said: "The distribution of 35 percent cash dividends, totalling AED 199.5 million, is indicative of the financial strength and the sustainable profitable growth of the company amid such unprecedented market conditions. Our full year 2020 net profit of AED 371 million is a testament to ADNIC’s swift adaption to new market dynamics and our effective digital strategy, which enabled us to remain competitive and fully operational."

Sheikh Mohamed Bin Saif Al-Nahyan added: "As we enter the new normal, not just in our everyday lives but also very much in our industry, we promise to continue our pledge to constantly create value for all stakeholders. This will largely come through our sustained investment in technology and ensure we remain the reliable insurer of choice."

Source: Emirates News Agency
All copyrights reserved, Arab Reinsurance 2016 ©