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- Picking UAE stocks that can withstand global markets' tariff whiplash
- Dubai's Emirates NBD clears Dh1 trillion balance-sheet milestone in Q1-2025
- NBK reports a net profit of KD 134.1 million for Q1 2025
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13/08/2014 09:00 AST
Al Ahlia Insurance has reported a net profit of BD712,112 ($1.8 million) for the second quarter as against BD2,155,646 for the same period last year.
'The transient decline was due to the reduction in the actual realised gains on sale of investments compared with the same period of last year,'? general manager Fadi Al Khatib said.
The firm's profit from insurance operations for the three-month period stood at BD176,119 as against BD437,339 for the same period of last year due to the increase in the company's extra technical provisions.
Net earned premiums for the period stood at BD2,679,917 against last year's corresponding figure of BD2,325,591, an increase of 15 per cent while its gross premiums were BD5,496,025 compared with BD7,418,465 last year.
Mr Al Khatib said the firm managed to maintain a steady growth rate during the first quarter which contributed to strengthening of insurance activities.
The company managed to increase its revenues from investments which contributed to a rise in shareholders' equity to BD15,850,502 in the second quarter as against BD15,217,826 by end of June last year.
Mr Al Khatib said the company is ongoing with its active underwriting policy for the purpose of growing its insurance business.
He said the management of the company is currently studying several new insurance products which will be announced soon.
Mr Al Khatib said the opening of the new branch in Muharraq is planned for later this year.
Gulf Daily News
09/02/2018
Solidarity Bahrain, a leading insurance group, has been assigned the financial strength rating of B++ (Good) with a stable outlook and issuer credit rating of "bbb" with a positive outlook from inter
Trade Arabia
01/08/2017
Al Ahlia Insurance declared its unaudited interim results for the first 6 months of 2017, recording a growth of 14.5 per cent in net profit after tax from RO 2.24m in H1 2016 to RO 2.56m in H1 2017.
Oman Daily Observer
16/07/2017
Following the successful launch of the Initial Public Offering (IPO) of Al Ahlia Insurance Company (Al Ahlia) SAOG (under transformation), investor interest is gathering pace. The company has been ho
Oman Daily Observer
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| IHC | 401.00 | -0.20 (-0.05 |
| FAB | 13.42 | -0.12 (-0.89 |
| EMIRATESNBD | 19.90 | 0.35 (1.79 |
| ADCB | 10.56 | -0.02 (-0.19 |
| EIB | 12.25 | 0.00 (0.00 |
22/04/2025
Emirates NBD's profit before tax stirred up a sharp 56% quarter-to-quarter growth to Dh7.8 billion for the first three months of 2025. The key fundamentals - 'lending momentum, improvement in deposit
Gulfnews
22/04/2025
National Bank of Kuwait (NBK) has announced its financial results for the three-month period ended March 31, 2025. The Bank reported a net profit of KD 134.1 million ($434.8 million), compared to KD
Kuwait Times
22/04/2025
Boubyan Bank has announced its financial results for Q1 of this year. The bank recorded KD 26.5 million in net profits at a growth rate of 6 percent compared with the same period of the past year, wi
Kuwait Times
22/04/2025
Zain, Kuwait's leading digital services provider, has been awarded the ISO 37301:2021 certification an internationally recognized standard for Compliance Management Systems (CMS).
As one of
Kuwait Times
22/04/2025
QNB Group, the largest financial institution in the Middle East and Africa, stated that the recently announced $2bn unsecured syndicated term loan facility aims at extending the bank's financing matu
QNA
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