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- AD Ports inks co-operation deal with Nigeria on ports, logistics
- BAS renews IATA safety audit for ground operations certification
- NMDC unit buys 51% stake in Spanish water specialist Lantania Aguas
- Emirates NBD issues Dh1 billion first-ever digital bond in MENA
- e& and IBM unveil enterprise-grade agentic AI to transform governance
- Zain Kuwait reinforces its 5G-A roadmap with region's first ultra-high network milestone
- India, UAE set $200 billion bilateral trade target by 2032
- MSX signs agreements for connectivity with international markets
- GFH Partners consortium completes key investment in US cold storage owner
- Foreign funds' buying lifts QSE 80 points; M-cap adds QR5.16bn
27/07/2010 00:00 AST
Al Buhaira National Insurance Co, or ABNIC, has maintained same profitability level that was achieved at the end of the second-?quarter of 2009.
The company recorded Dh63 million net profit in the second quarter, says a Press release issued by the insurance firm on Monday.
"ABNIC's total net profit at the end of second quarter 2010 hovered around the same level that was achieved for the same period last year. The company recorded premium revenue of Dh405 million for the period ended June 30 compared to Dh419 million for the corresponding period of 2009," Shaikh Faisal bin Khalid Al Qassimi, Chairman of the Board of Directors, said.
The company posted Dh55 million as its underwriting profit compared to Dh60 million in 2009. The company's total assets stood at Dh2.08 billion compared to Dh1.96 billion in 2009. Shareholders equity stood at Dh634 million compared to Dh668 million in 2009 due to the distribution of Dh75 million as cash dividends to the shareholders.
"The company's strategy continues to be prudent and selective in targeting profitable investments and developing new insurance products in order to meet challenging requirements of its clients at various levels. In addition to that, ABNIC is improving its core competencies and enhancing its risk management controls in order to protect the rights of its shareholders and policyholders," Nader T Qaddumi, General Manager of the company, said.
Khaleej Times
19/03/2018
Al Buhaira National Insurance Co. (Abnic) reported a net profit of Dh52 million in 2017 compared to Dh43 million in 2016. The company posted Dh31 million in underwriting profits last year, up 24 per
Gulf News
19/03/2018
Al Buhaira National Insurance Co. (Abnic) reported a net profit of Dh52 million in 2017 compared to Dh43 million in 2016. The company posted Dh31 million in underwriting profits last year, up 24 per
Gulf News
02/08/2010
Standard & Poor's Ratings Services said today that it lowered its long-term counterparty credit and insurer financial strength ratings on United Arab Emirates (UAE)-based composite insurer Al Buhaira
AME Info
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| IHC | 399.50 | 0.00 (0.00 |
| FAB | 16.50 | 0.10 (0.60 |
| EMIRATESNBD | 26.15 | 0.90 (3.56 |
| INVESTB | 0.45 | 0.00 (0.00 |
| ADCB | 14.84 | 0.10 (0.67 |
20/01/2026
AD Ports Group has announced that it has signed an agreement with Nigeria's Federal Ministry of Marine and Blue Economy to explore cooperation in ports, logistics, maritime services and digital trade
Trade Arabia
20/01/2026
Bahrain Airport Services (BAS), the leading aviation service provider in the kingdom, said it has recently renewed major international accreditations, including the IATA Safety Audit for Ground Opera
Trade Arabia
20/01/2026
NMDC Group, an integrated energy, marine services and EPC major, said one of its key subsidiaries, NMDC Infra, has signed a strategic agreement to acquire 51% stake in Spanish group Lantania Aguas in
Trade Arabia
20/01/2026
Emirates NBD has issued Dh1 billion in 3-year fixed-rate Digitally Native Notes (DNNs). This marks the first AED-denominated digital bond and the largest public digital bond in MENA, listed on Nasdaq
Gulfnews
20/01/2026
Global technology group e& and IBM today announced a strategic collaboration to advance towards an enterprise-grade agentic AI foundation at e&, starting with policy, risk, and compliance.
Trade Arabia
Financial Information Co.
Saudi Arabia