Al Fujairah National Insurance Co PJSC (AFNIC)

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News

25 April 2022 06:01 PM Al Fujairah National Insurance’s OGM nods to 10% dividends for 2021

Abu Dhabi - Mubasher: The ordinary general meeting (OGM) of Al Fujairah National Insurance Company has given its green light for cash dividends representing 10% of the capital for 2021. The insurer will pay out a total cash dividend of AED …

General Assembly

29 April 2019 11:04 AM Al Fujairah approves 20% dividend, bonus for FY18

Abu Dhabi – Mubasher: The annual general assembly of Al Fujairah National Insurance Company (AFNIC) has approved distributing 10% of the capital as cash dividends to shareholders for the full-year 2018. The insurance company will pay 10 fils per …

Financial Results

15 August 2017 10:01 PM AFNIC profits up 20% in Q2

Abu Dhabi - Mubasher: The financial statements of Al Fujairah National Insurance Company (AFNIC) showed a rise in net profits during the second quarter of 2017 by 19.5% year-on-year, according to a bourse filing. The company said in a statement to …

Financial Results

27 April 2017 01:04 PM Moody's affirms AFNIC financial strength rating

Mubasher: Moody's Investors Service on Thursday affirmed the insurance financial strength rating (IFSR) of Al Fujairah National Insurance Company (AFNIC) at "Baa1", according to a statement. Moody's has changed the outlook of AFNIC to "Stable" …

Ratings

10 April 2017 05:48 PM Al Fujairah approves AED 10/shr dividends

Abu Dhabi - Mubasher: The annual general meeting (AGM) of Al Fujairah National Insurance Company approved the board’s recommendation to distribute 10% of capital as cash dividends for 2016, according to a statement. The total value of dividends …

Financial Results

12 March 2017 08:39 AM Al Fujairah Insurance board proposes FY16 dividends

Mubasher: The board of Al Fujairah National Insurance has recommended a cash dividend of 10% for fiscal year 2016, according to a recent statement. The board has proposed AED 10 per share for FY16, with a total value of AED 10 million, according …

Event

14 February 2017 05:05 PM Al Fujairah Insurance profits up 6% in Q4

Abu Dhabi - Mubasher: Al Fujairah National Insurance Company reported a growth in profits by 5.5% in the fourth quarter of 2016 compared the same period the year before. Profits totalled AED 5.98 million ($1.63 million) in Q4-16 up from AED 5.67 …

Financial Results

13 November 2016 03:11 PM Al Fujairah Insurance profits up 40% in Q3

Abu Dhabi – Mubasher: Al Fujairah National Insurance Company posted a 40.3% year-on-year growth in its profits during the third quarter of 2016, according to a bourse statement. Profits reached AED 5.64 million ($1.54 million) in Q3-16, compared …

Financial Results

10 August 2016 02:05 PM Al Fujairah Insurance Q2 profits drop 36%

Abu Dhabi – Mubasher: Al Fujairah National Insurance Co.’s profits declined 36.10% year-on-year to AED 4 million ($1.08 million) in the second quarter of 2016 from AED 6.26 million ($1.70 million). The company’s profits grew 35.3% to AED 6.40 …

Financial Results

14 February 2016 03:52 PM Al Fujairah National Insurance Q4 profit leaps 107%

Abu Dhabi – Mubasher: Al Fujairah National Insurance Co PJSC posted a 107% jump in net profit for the fourth quarter of 2015, according to a bourse filing posted Sunday. The Abu Dhabi-listed insurer generated AED 6.116 million ($1.66 million) in …

Financial Results

26 November 2015 11:08 AM Moody’s upgrades Al Fujairah National Insurance rating

Abu Dhabi – Mubasher: Moody's Investors Service upgraded Wednesday to Baa1 from Baa2 the insurance financial strength rating (IFSR) of Al Fujairah National Insurance Company (AFNIC), with a Stable outlook. Established in 1976, AFNIC is the largest …

Ratings

12 November 2015 00:45 PM Al Fujairah Insurance profits plunge 45% in 9M

Abu Dhabi-Mubasher: Al Fujairah National Insurance Co. posted a significant drop in profits by 45% to AED 8.30 million ($2.26 million) in the first nine months of 2015, compared to AED 15.2 million in the corresponding of 2014, according to a …

Financial Results

10 August 2015 02:26 PM Al Fujairah Insurance H1 profits soar 99%

Abu Dhabi-Mubasher: Al Fujairah National Insurance Company reported a 98.74% profit surge to AED 7.75 million ($2.11 million) in the first half of 2015, compared to AED 3.9 million ($1.06 million) in the same period of 2014, according to a bourse …

Company News

13 May 2015 10:22 AM Fujairah insurance firm posts 26% drop in Q1 profits

Abu Dhabi – Mubasher: Al-Fujairah National Insurance Company (AFNIC) said its profits fell 26.48% in the first quarter of 2015, reaching AED 3.66 million ($996,000) from AED 4.98 million ($1.36 million) Q1-14, according to a filing to the Abu …

Company News

9 March 2015 04:48 PM Fujairah Insurance proposes AED 10m dividends

Abu Dhabi – Mubasher: Al Fujairah National Insurance Co. (AFNIC) announced that its board of directors has recommended a cash dividend to shareholders amounting to AED 0.10, or representing 10% of capital and totalling AED 10 million.The company’s …

Corporate Actions

9 March 2015 04:06 PM Fujairah Insurance profits fall 4.14% in 2014

Abu Dhabi – Mubasher: Al Fujairah National Insurance Co. (AFNIC) reported a 4.14% decline in its annual net profits for the year ended 2014, reaching AED 18.15 million ($4.94 million) compared to AED 19 million ($5.17 million) in 2013, it said in …

Company News

12 September 2014 10:14 AM Moody’s affirms Fujairah Insurance rating at ‘Baa2’, Stable Outlook

Moody’s ratings agency has affirmed its ‘Baa2’ rating for UAE’s Al Fujairah National Insurance Co., with Stable Outlook.The rating affirmation reflects the company’s stable operating project during the past period, according to Al Bayan …

Stock Evaluations

12 August 2014 00:57 PM Fujairah Insurance H1 profits drops 69%

In its statement to the Abu Dhabi Securities Exchange (ADX), Al Fujairah National Insurance Company announced its financial results for the first half of 2014, during which net profit plummeted by nearly 69% to f AED 3.9 million …

Financial Results