Orient Insurance PJSC (ORIENT)

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: 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 ordinary general meeting (OGM) of Orient Insurance Co approved to pay out cash dividends, equivalent to 40% of the capital share, for fiscal year 2020. The cash dividend distribution aggregates at a total amount of AED 200 …

Dubai - Mubasher: Orient Insurance Co will delay launching its business in Saudi Arabia to the middle of 2022 due to the coronavirus (COVID-19) economic impact and subsequent travel restrictions. The company was expected to start its branch …

Dubai- Mubasher: The financial statements of Orient Insurance Co showed a net profit worth AED 343.885 million after tax attributed to the equityholders over the nine-month period in 2019 when compared to AED 340.282 million a year earlier. …

Dubai – Mubasher: UAE-based Orient Insurance on Sunday said it has obtained the preliminary approval of the Saudi Arabian Monetary Agency (SAMA) to establish branches in the kingdom with a paid-up capital of AED 300 million. The company will …

Dubai - Mubasher: Orient Insurance Co, listed on the Dubai Financial Market (DFM), reported a total consolidated interim profit of AED 104.28 million for the second quarter of 2019, versus AED 90.42 million in Q2-19. Total income reached AED …

Dubai – Mubasher: UAE-based Orient Insurance said it is seeking the approval of the Saudi Arabian Monetary Agency (SAMA) to establish branches in the kingdom. This is still under review by the Saudi regulatory authorities, Orient added in a …

Dubai - Mubasher: Orient Insurance Co, listed on the Dubai Financial Market (DFM), has reported an 8% year-on-year growth in profits for the first quarter of 2019. Total profit amounted to AED 166.01 million ($44.25 million) in Q1-19, versus AED …

Dubai – Mubasher: Orient Insurance’s board on Monday recommended the distribution of a 20% in cash dividends for 2017. The proposed dividends equal AED 100 million, according to a company statement to the Dubai Financial Market (DFM). The …

Dubai – Mubasher: Orient UNB Takaful listed its shares on the Dubai Financial Market (DFM) on Thursday, 22 June, according to a bourse statement. Union National Bank (UNB) said Orient UNB Takaful’s initial public offering (IPO) was oversubscribed …

Dubai – Mubasher: The Securities and Commodities Authority (SCA) approved Orient UNB Takaful’s application for the registration and subsequent listing on the securities markets under local companies, according to a statement. There are currently …

Dubai – Mubasher: Standard and Poor's (S&P) has affirmed Orient Insurance’s long-term counterparty credit and insurer financial strength ratings at “A”, with a “Stable” outlook, according to a statement. The ratings will help Orient maintain its …

Dubai – Mubasher: Orient Insurance saw a growth in its profits by 16% year-on-year during the first quarter of 2017, according to a bourse filing. Profits reached AED 150.02 million ($40.84 million) in the three-month period ended 31 March 2017, …

Dubai – Mubasher: Orient Insurance has repaid the final instalment in the insurance claim for the blaze that took place at Emaar Properties’ The Address Downtown Dubai Hotel, Al Khaleej newspaper reported. The final instalment in the claim amounts …

Abu Dhabi – Mubasher: Orient Insurance Company said its shareholders approved on Tuesday 20% cash dividends for fiscal year 2016, according to a bourse filing. Total dividend payout will amount to AED 100 million ($27.22 million) for FY16. The …

Dubai – Mubasher: Emaar Properties on Monday stated that its insurance claim will result in a provision that will be registered in the fourth quarter of 2016. The claim relating to a blaze incident at the company’s the Address Downtown Dubai hotel …

Mubasher: The board of Orient Insurance has recommended on Monday a cash dividend of 20% for the fiscal year 2016. The company proposed distributing AED 20 per share with an overall value of AED 100 million, according to a recent bourse filing. …

Mubasher: Orient Insurance achieved a growth of 54.7% in profits during the fourth quarter of 2016 when compared to the same period a year ago. Earnings increased to AED 51.76 million ($14.08 million) in Q4-16 from AED 33.46 million ($9.11 …

Dubai – Mubasher: Orient Insurance has said that it will pay a sum of AED 600 million to Emaar Properties as part of a settlement for an accident that took place at The Address Hotel in Dubai, Al Khaleej reported. Earlier in December 2016, the two …

Mubasher: Orient Insurance Co will hold its board meeting on Sunday, 5 February to discuss the financial statements of the fiscal year 2016, according to a bourse statement issued on Tuesday. The board members will also consider paying 20% cash …

Dubai – Mubasher: Union National Bank (UNB) said Orient UNB Takaful’s IPO (initial public offering) was oversubscribed by more than 13 times, according to a statement. UNB was the sole lead manager and lead receiving bank for Orient UNB Takaful’s …

Dubai – Mubasher: Emaar Properties and Orient Insurance reached an AED 1.2 billion agreement in settlement of insurance claim for losses resulted from the fire blazed at the Address Downtown Dubai hotel, Al Khaleej newspaper reported. An …

Dubai – Mubasher: Orient UNB Takaful will launch initial public offering (IPO) from 29 November to 15 December, according to a press release. The company will list its shares on the Dubai Financial Market (DFM) within one month of the announcement …

Abu Dhabi – Mubasher: Union National Bank (UNB) said it established a green field company under the name of “Orient UNB Takaful”, according to a bourse statement. The new firm will be jointly promoted by UNB and Orient Insurance Company (OIC). The …