Abu Dhabi – Mubasher: Abu Dhabi National Insurance Company (ADNIC) approved the distribution of AED 256.50 million as cash dividends for 2023, according to a press release.

Following the annual general meeting, the company is set to pay AED 0.45 per share, representing 45% of the share's nominal value.

Mohamed bin Saif Al Nahyan, Chairman of ADNIC, commented: “Shareholders stand as valued partners in our successful journey, pivotal in propelling ADNIC's growth and development forward. The distribution of cash dividends underscores our commitment to providing consistent returns on their investments.”

“The year 2023 marked a significant milestone for ADNIC, achieving one of the highest profits in its history, totalling AED 401.20 million,” Al Nahyan stated.

He underlined: “Looking ahead, we will continue to explore new markets and fortify our position as a key player in the GCC region.”

Charalampos Mylonas, CEO of ADNIC, said: “Our commitment lies in creating exceptional value for both our customers and shareholders, while continuously enhancing various aspects of our operations by actively adopting and utilising new technologies.”

“We are as dedicated as our shareholders are to supporting diverse communities and initiatives across the UAE and beyond, while also aligning with the government’s vision to promote a more sustainable future," Mylonas added.