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- Bahrain All Share Index closes higher
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13/02/2017 05:52 AST
Abu Dhabi National Insurance Company (Adnic) has swung into profit in 2016 after reporting a loss in the previous year, the company said in a statement. Adnic has reported a net profit of Dh205 million for 2016 compared to a net loss of Dh334.5 million for 2015.
For the year 2016, Adnic's Gross Premium Written was Dh2.38 billion compared to Dh2.29 billion in 2015. The total assets of the company increased by 15.8% to Dh6.49 billion as on December 31st 2016, compared to Dh5.60 billion during the same period last year, according to the company.
Shaikh Mohammad Bin Saif Al Nahyan, Chairman of Adnic, said: "Adnic has sustained its profitability throughout 2016 with continued strong underwriting and net profit growth for the last quarter of this year. The realignment of Adnic's operational strategy has delivered positive results and has enabled the Company to report a strong financial performance."
Gulfnews
01/11/2017
Abu Dhabi National Insurance Company (Adnic), a top multi-line insurance provider, has posted a net profit of Dh178.5 million ($47.5 million) for the first nine months of the year, an increase of 24
Trade Arabia
11/05/2017
Profit at Abu Dhabi National Insurance Company (Adnic) nearly doubled during the first quarter, even as premiums remained basically flat.
The insurer, the UAE's third-largest by gross writ
The National
28/02/2017
ADNIC has sustained its profitability throughout the year 2016 with strong underwriting results and net technical profit. Net profit increased from AED 205 million for 2016, compared to a net loss of
Press Release
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| IHC | 400.90 | 0.90 (0.22 |
| FAB | 16.50 | -0.04 (-0.25 |
| EMIRATESNBD | 22.75 | 0.30 (1.33 |
| ADCB | 12.66 | 0.12 (0.95 |
| ADIB | 20.30 | -0.12 (-0.59 |
26/06/2025
Commercial Bank, a leader in digital innovative solutions, recently held a joint workshop with Qatar Development Bank (QDB) represented by 'Qatar Exports', titled 'Contract Financing Workshop' to sho
The Peninsula
26/06/2025
Borouge, a leading petrochemicals company that provides innovative and differentiated polyolefins solutions, is collaborating with Honeywell to conduct a proof of concept for AI-powered autonomous op
Trade Arabia
26/06/2025
Mashreq, one of the leading financial institutions in the MENA region, has announced the opening of its representative office in Turkiye, reinforcing its long-standing commitment to supporting Turkis
Trade Arabia
26/06/2025
In a remarkable leap forward, Saudia has climbed to 17th place in the 2025 Skytrax ranking of the world's best airlines, marking a significant improvement from its 82nd position in 2016.
The
Asharq Al Awsat
25/06/2025
Southern Province Cement Company has announced that it has entered into a non-binding agreement with a leading Saudi cement group Yanbu to explore a potential merger.
The duo had an year ag
Trade Arabia
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia