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02/05/2009 00:00 AST
Al Dhafra Insurance Company has reported a net profit of AED15.55 million, or basic earnings per share of AED0.21, for the first quarter ended March 31, 2009, a decrease of 25.76%, compared to AED20.95 million, or basic earnings per share of AED0.28, for the corresponding quarter of 2008.
For the first quarter of 2009, net investment and other income was AED1.27 million, a decrease of 86.95%, compared to AED9.76 million for the same quarter of 2008.
For the first quarter of 2009, net underwriting income was AED18.93 million, an increase of 21.2%, compared to AED15.62 million for the same quarter of 2008. Gross premium income for the first quarter of 2009 was AED70.47 million, an increase of 0.82%, compared to AED69.89 million in the corresponding quarter of 2008.
Total assets of the company as of March 31, 2009 were AED672.6 million, compared to AED653.74 million as of December 31, 2008.
Insurance Business Review
01/11/2010
Abu Dhabi-based Al Dhafra Insurance third quarter profit more than doubled on strong growth in investment income, gross premiums and net underwriting income.
The company's financial statem
Business 24|7
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| IHC | 399.50 | -0.10 (-0.03 |
| FAB | 17.06 | 0.04 (0.23 |
| EMIRATESNBD | 24.50 | -1.20 (-4.67 |
| INVESTB | 0.45 | 0.00 (0.00 |
| ADCB | 13.70 | -0.10 (-0.73 |
26/11/2025
AI is driving generational opportunity across every industry, society, and economy - but at the crux of this global transformation is the crucial relationship between AI and energy, Aramco's Executiv
Arab News
26/11/2025
Efsim Facilities Management Company, a leading provider of integrated facilities management (IFM) services across the Kingdom of Saudi Arabia, today (November 25) announced its intention to proceed w
Trade Arabia
26/11/2025
GFH Partners, a Dubai International Financial Center (DIFC) headquartered investment manager and the global real estate investment arm of GFH Financial Group, has acquired a majority stake in Devmark
Trade Arabia
25/11/2025
Taqa Energy Services, a subsidiary of Abu Dhabi National Energy Company (Taqa), has signed an agreement with Sdeira Group, a subsidiary of AD Ports Group, to implement one of the emirate's largest bu
Trade Arabia
25/11/2025
Saudi Real Estate Company (Al Akaria) has announced the signing of a framework agreement with Expo 2030 Riyadh Company to execute the early works for the Expo 2030 Riyadh project.
The contra
Trade Arabia
Financial Information Co.
Saudi Arabia