- FIDELITYUNITED

Abu Dhabi Securities Exchange (United Arab Emirates)
1.6 Last Update 12/03/2025 18:47 KSA
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  • :1.6
  • :1.6
  • ('000):160,000
  • (AED '000):256,000
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    1.6
    1.61.6
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  • Performance Comparison

Activities

United Fidelity Insurance Company (UFIC) is a well-established insurance provider based in the United Arab Emirates (UAE). The company offers a wide range of insurance products and services to meet the diverse needs of its clients. UFIC is one of the oldest insurance companies in the Market, registered in 1976 under license # 8 with the Insurance Authority as "United Insurance Company". As of November 2018, the company partnered with the Lebanese Insurance Market Leader "Fidelity Assurance and Reinsurance SARL" and started operating under a new brand name "Fidelity United". This Partnership marks the first milestone towards the company's new vision and ambition to play a major role in the Region. UFIC provides various types of insurance, including general insurance, life insurance, and health insurance. Their products cover areas such as motor insurance, property insurance, marine insurance, and personal accident insurance. The company operates through three main business segments: commercial, consumer, and employee benefits. UFIC utilizes advanced technology to streamline its operations and enhance customer service. They offer online services for policy management, claims processing, and customer support. As a subsidiary of Americo Financial Life and Annuity Insurance Company, UFIC benefits from strong financial backing and stability. The executive management team oversees the company's operations and strategic direction. UFIC has received favorable ratings for its financial strength and stability. The company has shown consistent growth in its market presence and customer base. United Fidelity Insurance Company is committed to providing reliable and comprehensive insurance solutions, ensuring the financial security and peace of mind of its clients.

  • Chairman:
    Nawwaf G. A. Al-Merri
  • Vice-chairman:
    Ricardo M. Suleiman
  • CEO:
    Ahmed Nasef
  • General Manager:
    Bilal Adhami
  • Board Members:

    Fardan A. F. Al-Fardan

    Khalid R. Al-Mazroui

    Lara R. Sleiman

    Mohammed G. A. Al-Marri

    Nadeem A. I. Ahmad

  • Auditors:

    Grant Thornton

Head of Commercial Lines & Reinsurance

Srinivas Badrinathan

Head of Employee Benefits

Christelle Hage

Head of Consumer Lines

Raji Sabbah

Head of Distribution

Tammam Abdullah

Chief Financial Officer (CFO)

Obbad Fazal

Head of Operations, Customer Journey & Legal

Ragheda El-Khoury

Head of Claims

Asif Khan

Head of Information Technology

Jasper Varon

Head of Human Capital & Administration

Ambreen Ismail

Abu Dhabi Branch Manager

Mazen Al-Ssaman

Sharjah Branch Manager

Shalabh Gupta

Ras Al Khaimah Branch Manager

Najwa Tounsi

Fujairah Branch Manager

Ammar Shehadeh

Chief Technical Officer

Marie Elias
United Insurance announces extension of rights issue (Gulfnews - 18/05/2017)

United Insurance Company said it has received the approval from the Securities and Commodities Authority ...

Read More ...

Union Insurance gross premiums rise 12 per cent in first half (Gulfnews - 17/08/2015)

Union Insurance Company said on Sunday it reported a 12 per cent rise in gross insurance premium in ...

Read More ...

United Insurance Company trims loss, but survival still in question (The National - 13/05/2015)

United Insurance Company remains mired in uncertainty over its survival as an ongoing financial concern, ...

Read More ...

Read More ...
Announced On Period As Of Net Profit (SAR Mil) Growth (%)
16/02/2025 12-Month 31/12/2024 -66 0
21/12/2024 12-Month 31/12/2023 -17 0
14/11/2024 9-Month 30/09/2024 -15 0
14/08/2024 6-Month 30/06/2024 -10 0
14/05/2024 3-Month 31/03/2024 03 0
Market Cap
US$ Mil
Last Price
Local Cry
Price Change (%)
1 Day
Price Change (%)
1 Year
P/E TTM P/B MRQ Dividend Yield (%) Beta ROA (%) ROE (%)
BUPAARABIA 7,075.58 172 -2.83 -9.74 22.77 6.31 0 0.88 7.41 26.44
TAWUNIYA 5,764.4 147.2 2.08 25.44 22.92 6.01 0 1.09 5.66 23.76
ALRAJHITAKAFUL 4,050.8 154 1.31 171.63 38.73 10.96 0 1.1 4.63 29.95
QATI 1,743.14 1.95 -0.52 -5.42 8.82 0.06 2.99 1.1 1.2 5.21
RASAN 1,490.81 71.9 -2.58 0 86.2 0 0 0 0 0
GINS 1,163.73 1,250 0 -38.39 0 2.78 4.2 0.07 1.74 11.49
SAUDIRE 1,080.4 46 1.09 158.2 8.2 5.58 0 1.05 2.32 7.74
ADNIC 930.92 6 0 0 8.21 1.17 0 0.24 3.55 12.47
MEDGULF 632.4 22.8 0.88 93.01 14.84 1.91 0 1 -10.34 -92.54
AINS 590.12 805 -3.02 24.03 0 1.5 6.62 0.13 3.79 9.34
SUKOON 465.17 3.7 0 0 6.43 0.87 0 0.08 1.06 4.17
WALAA 408.93 18.72 3.76 16.16 11.83 1.32 0 1.13 7.93 25.35
KUWAITRE 369.21 375 -4.83 13.99 0 1.39 5.21 -0.01 3.72 9.79
ARABIANSHIELD 365.01 17.56 2.33 14.56 16.54 0.93 0 1.09 8.66 27.25
QISI 359.03 8.74 -0.57 0.18 9.18 0.39 6.88 0.57 7.35 18.57
CHUBB 354.98 44.95 1.23 49.72 68.58 3.58 0 1.13 5.57 13.53
DIN 351.14 12.9 0 71.81 10.87 2.78 0 -0.1 2.56 6.85
DOHI 341.74 2.51 0 -0.85 6.59 0.12 5.82 0.22 4.18 7.55
KINS 339.54 564 0.71 31.11 0 1.47 9.01 0.06 4.28 10.42
LIVA.MSM 330.48 0.3 -6.25 -4.48 0 0 0 0.08 0 0
GIG 327.4 26.95 -1.29 1.4 18.86 2.31 0 1.14 2.46 9.86
EIC.ADX 324.6 7.95 0 0 0 1.02 8.33 0.03 4.16 9.85
QGRI 271.64 1.14 0 6.7 34.44 0.01 5.06 0.3 0.68 1.06
JAZIRATKFL 256.8 14.78 1.23 2.97 26.78 1.33 0 1.11 5.1 7.97
NGI 233.48 5.69 9.42 3.13 7.07 1.72 0 0 2.65 7.28
MUTAKAMELA 233.45 14.96 2.46 5.66 57.75 1.2 0 1.06 1.46 12.2
WATANIYA 230.26 21.82 1.01 32.04 8.46 2.03 0 1.05 5.82 24.29
AWNIC 223.13 3.96 0 0 -12.72 0.98 0 0.06 4.05 6.88
BEMA 222.74 4.09 0 2.79 9.67 0 0 0 0 0
ALETIHAD 194.81 14.76 0.95 0 9.15 0 0 0 0 0
ARIG 193.6 0.88 0 0 7.69 0.75 10.1 0.03 0.86 3.8
QLMI 189.66 1.99 0 -9.11 10.7 0 0 0 0 0
ABNIC 183.74 2.7 0 0 0 1.04 0 -0.07 2.19 6.02
GULFUNIONALAHLIA 183.71 15.16 0.93 15.54 9.29 1.44 0 1.06 4.41 16.62
MALATHINSURANCE 175.62 13.66 3.64 3.21 25.4 6.02 0 1.07 -0.49 -5.25
AKHI 175.17 2.51 -0.4 -14.62 8.5 0.13 4.88 0.36 1.13 2.27
LIVA 174.4 16.08 -1.72 -7.72 22.87 1.84 0 1.12 4.74 10.5
AICC 173.73 12.36 0.48 -5.74 14.54 1.28 0 0.99 2.15 6.89
BNH 149.84 0.5 0 0 10.71 1.17 3.88 0.04 4.3 7.72
BURUJ 149.19 18.92 1.39 12.39 40.87 1.22 0 1.1 10.12 31.24
DHAFRA 146.99 5.4 0 0 11.56 1.61 0 -0.08 3.14 10.13
TKFL 132.33 4.63 0 0 4.58 1.53 4 -0.14 5.39 16.79
BKIC 128.38 0.34 0 0 10.12 0.71 6.12 -0.08 1.42 7.42
SAICO 124.56 15.94 2.31 24.68 9.59 1.18 0 1.06 3.42 14.39
DNIR 117.58 3.74 0 -16.44 9.92 0.86 0 0.03 5.66 10.02
ACIG 112.29 14.54 0.41 25.26 8.8 2.12 0 1.01 2.02 7.98
ALAIN 112.28 27.5 0 0 0 0.36 3.33 -0.04 0.89 4.23
AMANAINSURANCE 110.01 9.77 1.77 -1.2 51.53 1.05 0 1.24 2.44 8.65
RAKNIC 108.94 3.3 0 0 0 1.51 0 -0.02 4.14 13.97
ALSAGRINSURANCE 108.41 13.92 2.65 22.66 14.34 0.72 0 1.08 1.22 2.93
ALLIANCE 106.16 390 0 0 0 0.85 0 0 3.59 10.4
SALAMA.DFM 102.3 0.4 0 -8.73 -2.69 0.67 0 1.05 1.35 6.71
UCA 96.58 9.19 1.43 22.99 18.34 1 0 0.99 4.36 15.87
BKIKWT 93.61 191 0 0 0 0 0 -0.04 0 0
WINSRE 90.59 160 0 50.93 0 0.67 16.34 0.33 -4.25 -8.4
ORIENT 90.23 66.3 0 0 0.51 0.14 0 0 5.28 14.46
SALAMA 82.83 15.76 1.41 0 13.06 1.61 0 1.12 6.59 24.57
GULFGENERAL 80.43 10.2 1.39 5.44 -29.43 0.97 0 1.21 4.81 12.27
ORIC 77.18 0.09 0 0 14.06 0 0 0 0 0
AFNIC 76.08 210 0 0 0 0.99 0 0 5.59 12.64
SOLID 70.26 0.43 0 0 9.93 2.03 0 0.03 -2.03 -5
FIDELITYUNITED 69.68 1.6 0 0 0 1.7 0 0 0.3 0.92
ENAYA 67.3 11.08 0.91 -13.64 -15.16 1.37 0 1.21 -3.77 -8.59
DICS 64.31 0.22 0 9.52 5.76 2.69 0 0.13 -1.1 -7.19
OUIC 62.22 0.24 0 0 10.34 0.86 0 1.22 2.72 10.66
SICO 61.76 1.65 0 0 0 1.04 0 0.01 10.26 17.29
OQIC 57.03 0.22 0 16.04 16.79 0 0 0.04 0 0
SUKOONTAKAFL 56.59 1.35 0 -65.38 9.97 0.69 0 0.03 4.03 8.06
FTI 54.91 179 14.01 -31.06 0 1.36 0 0.01 13.45 19.88
UNION 54.05 0.6 0 0 0 0.65 0 0.14 0.48 2.86
TAKAFULEM 51.85 1.3 2.36 136.18 4.28 1.16 0 0.39 0.52 3.98
WATANIA 46.74 0.65 -1.52 0 5.99 0 0 0.68 0 0
ASNIC 41.32 0.66 0 -0.45 -1.76 0.34 0 0.04 0.54 1.41
AMAT 36.29 0.08 0 -6.67 8.42 0.57 0 1 1.24 9.37
AFIC 32.14 0.12 0 0 7.84 0 0 0.14 0 0
IH 27.48 0.85 0 0 0 1.17 0 -0.01 1.61 4.72
METHAQ 26.54 0.65 0 0 0 1.27 0 0.45 3.1 20.9
AMAN 23.35 0.38 0 -18.09 -3.78 1.11 0 0.53 -1.23 -19.5
TAOI 20.74 0.05 0 0 12.5 0.33 0 0.24 8.15 13.81
TAKAFUL 19.8 0.12 0 -6.25 6.67 1.15 0 0.1 0.52 3.12
WETHAQ 14.76 40.5 -0.74 67.72 0 0.38 0 0.29 3.29 3.31
MCTI 11.15 0.43 10.25 -13.51 26 0.23 0 0.04 2.57 8.13
AKIC 6.53 0.24 0 0 -0.41 0.68 0 -0.03 -19.63 -93.13