"Dubai National Insurance" agrees to distribute 30% of the cash profits

The Dubai National Insurance and Reinsurance Company approved the distribution of 30% of the cash profits (0.30 dirhams per share) for the fiscal year ending on December 31, 2021, at the conclusion of the general assembly meeting yesterday, which means that the total cash profits amount to 34.650 million dirhams.

A company statement stated that all items on the agenda of the general assembly meeting were discussed and approved, and the shareholders approved the company's financial statements for the financial year ending on December 31, 2021.

strong financial

Khalaf Ahmad Al Habtoor, Chairman of Dubai National Insurance and Reinsurance Board, praised the company's strong performance throughout 2021, highlighting the good underwriting results.

He said that the distribution of 30% of the cash profits, which amounted to 34.650 million dirhams, is evidence of the financial strength and sustainable growth of the company.

He added, "Despite the challenges, (Dubai National Insurance and Reinsurance) has been able to achieve a positive performance, and we are always committed to enhancing shareholder returns annually, thanks to all shareholders and the excellent work team."

He added, "With the receding of the (Omicron) wave, there are indications that the economic cycle is returning to normal, and I hope that things will continue in this way, as the situation is still unstable."

Al Habtoor continued: “In the new normal in which uncertainty prevails in our daily lives, as well as in the insurance sector, we will move forward with sustainable investment in technology, so that we can always add value to all stakeholders.

The excellent measures taken by the government to mitigate the consequences and repercussions are also of great benefit.”

happy customers

For his part, CEO of Dubai National Insurance and Reinsurance Company, Abdullah Al Nuaimi, said: “During the past year, which was characterized by instability due to the outbreak of the (Covid-19) pandemic, the company was able to achieve good results.

Despite the volatile conditions, the company quickly adapted to the changes in the general landscape, by launching an internal call center equipped with the latest technologies to serve customers effectively, and preparing a solid strategy in the field of information technology.”

He added: "(Dubai National Insurance and Reinsurance) has made an adjustment in its vision to shift from (supporting customers to making them happy, and in this context, it has done everything it can to accelerate the implementation of its plans for automation and digitization, with the aim of providing continuous services without interruption. This safe access had Remote is of paramount importance during the pandemic.

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