Sector News

Dubai – Mubasher: Islamic Arab Insurance Company (Salama) generated net profits attributable to the shareholders of AED 12.18 million in the first half (H1) of 2022, lower than AED 34.58 million in H1-21. The basic and diluted earnings per share …

Dubai – Mubasher: The board of the Islamic Arab Insurance Company (Salama) recommended reducing the company’s issued share capital from AED 1.21 billion to AED 790.16 million. The capital cut aims to write off accumulated losses of AED 398.16 …

Dubai - Mubasher: Orient Insurance Company has posted net profits attributable to the equity holders worth AED 313.28 million during the first half (H1) of 2022, a jump from AED 296.69 million in H1-21. The basic and diluted earnings per share …

Dubai – Mubasher: Oman Insurance Company, listed on Dubai Financial Market (DFM), has exited its insurance operations in Turkey as part of its transformation strategy to focus the company’s resources on specific markets and segments. The …

Dubai – Mubasher: The Islamic Arab Insurance Company (Salama) has achieved net profits attributable to the shareholders worth AED 9.92 million during the first quarter (Q1) of 2022, compared to AED 22.22 million in Q1-21. The company's net …

UAE – Mubasher: The shareholders of Dar Al Takaful(DAT) and National Takaful Company (Watania) have granted their green light for a merger that will result in setting up the UAE’s largest Takaful provider by market share at a value of AED 260.15 …

Dubai – Mubasher: S&P Global Ratings has upgraded the long-term issuer credit and insurer financial strength ratings of Oman Insurance Company to 'A' from 'A-', with a stable outlook. The rating reflects the company’s sustainable operating …

Dubai – Mubasher: The net profits attributable to the shareholders of Islamic Arab Insurance Company (Salama) decreased to AED 40.05 million in 2021, compared to AED 149.36 million in 2020, according to the company's consolidated financials for …

Dubai – Mubasher: The net profits of Dubai Insurance Company jumped to AED 80.57 million in 2021, compared to AED 55 million in the earlier year, according to the company's consolidated financials for the period ended 31 December 2021. The company …

Dubai – Mubasher: AM Best has affirmed the financial strength and long-term issuer credit ratings of Dubai National Insurance and Reinsurance (DNIR) at 'B++' and 'bbb+', respectively, with a positive outlook. The ratings are based on AM Best's …

Dubai – Mubasher: Moody's Investors Service (Moody's) has assigned an 'A3' insurance financial strength rating (IFSR) to Dubai Insurance Company, with a stable outlook. The rating reflects the company's good market position and brand, strong …

Dubai – Mubasher: Islamic Arab Insurance Company (Salama) recorded a net income of AED 43.23 million during the first nine months of 2021. The company's net underwriting income amounted to AED 122.5 million in the January-September period of 2021, …

Dubai – Mubasher: Takaful Emarat – Insurance has logged net losses attributable to the shareholders of AED 5.772 million during the first nine months of 2021, against net profits of AED 6.304 million in the corresponding period of 2020, according …

Dubai - Mubasher: Orient Insurance Co will submit an offer to acquire non-owned shares of Orient UNB Takaful, representing 16.09% of the company's shares. Orient Insurance seeks to obtain necessary regulatory approvals to begin the acquisition …

Dubai – Mubasher: The unaudited consolidated interim financials of Dubai Insurance Company reported AED 58.81 million net profits during the first nine months of 2021, up from AED 49.17 million in the same period of 2020. The company's net …

Dubai – Mubasher: Takaful Emarat – Insurance has incurred net losses of AED 7.144 million during the first half (H1) of 2021, against net profits of AED 769,306 in the corresponding period of 2020, as per the company's unaudited consolidated …

Dubai – Mubasher: The net profits of Dubai National Insurance and Reinsurance (DNIR) decreased to AED 34.478 million during the first half (H1) of 2021, compared to AED 38.515 million in the same period of 2020, as per the company's interim …

Dubai – Mubasher: The net profits of Dubai Insurance Company increased to AED 42.252 million during the first half (H1) of 2021, compared to AED 33.002 million in the year-ago period, as shown by the company's interim financials for the period …

Dubai - Mubasher: National General Insurance Co (NGI) witnessed a direct deal worth AED 71.067 million on the Dubai Financial Market (DFM). The transaction involved the trading of 22.778 million shares at a value of AED 3.12 apiece, the DFM said …

Dubai – Mubasher: Takaful Emarat – Insurance has recorded net losses attributable to the shareholders of AED 4.556 million during the first quarter (Q1) of 2021, up from AED 2.555 million in the same period of 2020, according to the company's …

Dubai – Mubasher: Islamic Arab Insurance Company (Salama) has incurred accumulated losses of AED 286.679 million, representing 23.69% of the capital. The accumulated losses are driven by AED 843 million losses recorded in 2012-2013 and 2015-2016 …

Dubai – Mubasher: The net profits attributable to the shareholders of Dubai Islamic Insurance and Reinsurance Company (Aman) surged by 100.8% to AED 6.4 million during the first quarter (Q1) of 2021 from AED 3.18 million in the same quarter of …

Dubai – Mubasher: The net income of Islamic Arab Insurance Company (Salama) surged by 84.43% to AED 24.22 million in the first three months of 2021, compared to AED 13.13 million in the corresponding quarter of 2020, according to the company's …