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- UDC reports QR404mn net profit in 2025 on QR1.93bn revenue; proposes 5.5% dividends
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- Commercial Bank wins 2 accolades at World Finance Digital Banking Awards 2025
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- du posts record profit and revenue growth in 2025, lifts dividend to 64 fils
- UAE exempts non-commercial sports entities from corporate tax under new law
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 |
10/02/2026
United Development Company (UDC) reported a net profit of QR404mn in 2025 and total revenues worth QR1.93bn, with net profit attributable to shareholders reaching QR431mn and basic earnings per share
Gulf Times
10/02/2026
Commercial Bank has been named 'Best Digital Bank in the Middle East' and 'Best Bank for AI Integration & Digital Transformation in the Middle East' at the World Finance Digital Banking Awards 2025.
Gulf Times
10/02/2026
As the title sponsor of the Gulf Bank 642 Marathon, Gulf Bank recently hosted representatives from Suffix, the event's organizing partner, at its headquarters for a comprehensive review of the key su
Kuwait Times
10/02/2026
Reinforcing its leadership in advancing Egypt's sustainable economic development agenda, National Bank of Kuwait - Egypt (NBK-Egypt) continues to strengthen its role as a leading financial partner in
Kuwait Times
10/02/2026
Emirates Integrated Telecommunications Company (du) posted higher revenues, rising profitability, and its highest dividend on record when it reported its last set of financial results for 2025.
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