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ADNIC records AED 180m block deals on shares

ADNIC records AED 180m block deals on shares
The deals were implemented on 39 million shares
ADNIC
ADNIC
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Abu Dhabi – Mubasher: Abu Dhabi National Insurance Company (ADNIC) saw 11 block-trading deals executed on its shares at a total value of AED 180 million, the Abu Dhabi Securities Exchange (ADX) announced on Tuesday.

The deals were implemented on 39 million shares, accounting for 7% of ADNIC's shares.

It is noteworthy to mention that in the first nine months of 2020, the company registered a 45.5% hike in net profits to AED 282.8 million from AED 194.4 million during the corresponding period of 2019.