Dhofar Insurance (DICS)

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News

16 April 2017 01:02 PM Dhofar Insurance doubles losses in Q1

Mubasher: Dhofar Insurance on Sunday announced widening its losses by 127.4% in the first quarter 2017 compared to the same period in 2016, according to the company’s statement to Muscat Securities Market (MSM). The company more than doubled its …

Financial Results

16 April 2017 10:27 AM Dhofar Insurance widens losses in Q1

Mubasher: The unaudited initial financial results of Dhofar Insurance showed a rise in losses by 127.4% year-on-year for the first quarter of 2017, according to a bourse filing. The company said in a statement to the Muscat Securities Market (MSM) …

Financial Results

6 November 2016 00:08 PM Omani insurance sector shifts to losses in Q3

By: Islam Fadl Mubasher: The insurance companies listed on the Muscat Securities Market (MSM) suffered a net losses of OMR 1.77 million ($4.58 million) in the third quarter of fiscal 2016, compared to a total profit of OMR 628,600 ($1.63 million) …

Financial Results

16 October 2016 09:04 AM Dhofar Insurance turns to losses in Q3

Mubasher: Dhofar Insurance posted on Sunday a net loss of OMR 3.48 million ($9 million) for the third quarter of the fiscal year 2016, against a net profit of OMR 532,570 ($1.38 million) for Q3-15. Net losses for the first nine months of the year …

Financial Results

17 July 2016 07:56 AM Dhofar Insurance posts losses in H1

Mubasher: Dhofar Insurance Company on Sunday reported OMR 2.41 million ($6.2 million) losses in Q2-16, against a profit of OMR 453,600 ($1.17 million) in Q2-15. The company’s losses in the first half of 2016 reached OMR 2.99 million ($7.77 …

Financial Results

29 May 2016 09:00 AM Dhofar Insurance delays EGM for lack of quorum

Mubasher: Dhofar Insurance Company said Sunday that its extraordinary general meeting (EGM) scheduled for 26 May was postponed due to lack of quorum. The EGM was due to discuss amending the second paragraph of article No (30) in the statute to …

General Assembly

16 May 2016 09:39 AM Dhofar Insurance’s EGM to discuss increasing board size 26 May

Mubasher: Dhofar Insurance Company announced on Monday that its extraordinary general meeting (EGM) will be held on 26 May to discuss amendments to the company’s statute. Shareholders will look into a proposal to amend the second paragraph of …

General Assembly

18 January 2016 10:36 AM Dhofar Insurance FY15 profits fall 27%

Mubasher: Dhofar Insurance reported a 27.2% profit decline to OMR 2.41 million ($6.26 million) in the fiscal year 2015, compared to OMR 3.31 million ($8.6 million) in the fiscal year 2014, according to the company’s unaudited financial statements. …

Financial Results

16 January 2016 06:20 PM Preliminary Summarized Un-Audited financial Results for the yaer ended 31 Dec. 2015

Description 2015 ( Unaudited ) 2014 (Audited ) Change% Gross Premium Written 65,452,032 64,097,965 2.11 Net Underwriting results 7,638,427 9,341,473 (18.23) Investment income (net) 2,964,974 1,606,846 84.52 Other income 1,686,213 1,740,091 (3.10) …

29 April 2015 11:11 AM Dhofar Insurance Q1 profits slump 100%

Muscat – Mubasher: Dhofar Insurance posted a 99.93% fall in net profits for the first quarter of 2015 to OMR 1,131 ($2,900), compared with OMR 1.660 million ($4.3 million) in the same period a year earlier.The company’s FY14 net profit had …

Company News

29 April 2015 10:30 AM unaudited financial statements for the First Quarter of the year 2015

Financial Results The Board of Directors of Dhofar Insurance Co. S.A.O.G  approved during the meeting held on Wednesday 29/04/2015 in the Company's Head office  ( Muscat ) the  unaudited financial statements  for the First …

18 March 2015 09:13 AM Dhofar Insurance OGM approves 9.5% dividend

 Oman – Mubasher: Dhofar Insurance announced that its ordinary general meeting (OGM) approved on Tuesday, 17 March a cash dividend amounting to 9.5 baisa per share or 9.5% of capital for the fiscal year 2014, according to a filing to the …

Company News

18 March 2015 07:15 AM Annual Ordinary General Meeting 17th March 2015

Annual Ordinary General Meeting  17th March 2015 Dhofar Insurance Company SAOG held its Annual Ordinary General Meeting on Tuesday 17/3/2015 in Salalah and the following were  approved  during the meeting :   1-  Approved …

17 February 2015 10:55 AM Dhofar Insurance proposes 10% cash dividend

 The Board of Directors of Oman’s Dhofar Insurance has approved the company’s financials for 2014. The insurer reported a net profit of OMR 3.31 million, a decline by 29% compared to figures from 2013.The Board recommended a cash dividend of …

Financial Results

17 February 2015 06:55 AM Board of Directors Decision

The Board of Directors , Dhofar Insurance Co. SAOG decided  during its meeting held on Monday 16 Feb. 2015 . -         Approved the audited financial statement for the year ended 31/12/2014 …

15 January 2015 06:38 AM Financial Results 2014 (Unaudeted )

DHOFAR INSURANCE COMPANY (S.A.O.G)Financial ResultsThe Board of Directors of Dhofar Insurance Co. S.A.O.G in the a meeting held on Wednesday 14/01/2015 in Salalah Branch has approved the financial statements  (Unaudited) for the year ended 31st …

5 November 2014 10:02 AM Insurance premiums gain 8.8% in Oman

Total insurance premiums in Oman during the first half of 2014 grew 8.8% year-on-year to OMR 226.79 million, according to quarterly report released by the Capital Market Authority (CMA).Moreover, net earned premiums rose …

Macroeconomics

26 August 2014 10:08 AM Eight national insurance firms in Oman to list shares within three years

As many as eight locally incorporated insurance companies, including a reinsurance firm, will offer their shares for public subscription within three years to comply with the recent amendments in insurance law, reported Times of Oman, …

Initial Public Offerings