GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Banking and Investments

 
  Share

UAE, August 13, 2017 - Abu Dhabi National Takaful Co. PSC (ADNTC), the leading takaful operator in the MENA region and one of the most progressive insurance companies in the UAE, kept the momentum of its strong Q1 2017 performance to achieve a combined net profit of AED 40.9 million (Policyholders & Shareholders before release of Qard Hasan) and an underwriting profit of AED 34.1 million in Q2 2017.

The combined net profit of AED 40.9 million for H1 2017 increased by 35 per cent compared to AED 30.3 million, while the underwriting profit of AED 34.1 million rose by 50 per cent compared to AED 22.8 million for the same period last year.

Khamis Buharoon Al Shamsi, Chairman of the Board of Directors, ADNTC, said: “Our company has been consistently posting strong results since 2010, reflecting the soundness of our underwriting discipline and overall business strategy. ADNTC has achieved an impressive profit with earnings per share of 0.34 AED as of the end of Q2 2017. Through solid management and a comprehensive growth agenda, we intend to maintain our stature as one of the most reputable and trusted takaful operators.”

Osama Abdel Raouf Abdeen, Chief Executive Officer, ADNTC, added: “Our strong performance in the first half of 2017 is another testament to the success of our business model. The effective execution of our strategies, product offerings and services coupled with the support of our loyal customers constitute a solid foundation for our company to continue its journey of success. ADNTC will continue to maintain its industry leadership and deliver on its promise of unparalleled quality and excellence in service to its customers.”

Abu Dhabi National Takaful Co. PSC was recently recognized by the S&P Global Rating publication (RatingsDirect) dated 02 August 2017 for its consistent and strong combined ratios which outperformed the average combined ratios of listed conventional insurers in the UAE market in 2016.



Posted by : GoDubai Editorial Team
Viewed 3349 times
Posted on : Sunday, August 13, 2017  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Genetec Achieves Top Global Market Share Rankings across VMS, Access Control, and ALPR technologies
Next Story : Sharjah calls on entrepreneurs to participate in flagship Sheraa Accelerator program
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
RUNWAY DUBAI creates a new buzz campaign for fashion tourism
Time for Some AIGNER Love
Achieve whiter teeth at home with Spotlight Teeth White Strips
SUC signed MOU with Waldorf Astoria Ras Al Khaimah
Golden Bridge Rectangle Diamonds Celebrates The Virtuosity Of Art Deco Design Genius
Gift gorgeous skin this festive season.
Calvin Klein Presents Steadfast Collection
BOSS watches presents Navigator Collection
Sthan, bringing you authentic Frontier food from beyond borders, is now open in Dubai
Absolutely Rejuvenated Skin to Start the New Year
Coach Women's Lex Stainless Steel Bracelet Watch Collection
Mohammed bin Rashid Launches UAE Astronaut Programme
Glamazle.com names a Lipstick after Yardstick Marketing as a testimonial to the ...
Step into 2018 with skinade & slow down the signs of ageing
‘Artistry' - Branded Jewellery show at Malabar Gold & Diamonds' outlet in Meena ...
With the Increasing Trend of Grooming Among Men, Kaya Skin Clinic Launches an Ex...
SUC Conducted the 10th CEO Lecture Series
Together for Egyptian Cinema: A Million happy viewers
Nouveau Lashes & Beauty – The Aftercare Range
The First “Dilmah Silver Jubilee Gourmet” in a Middle East Hotel Opens in Pullma...
Lg V30+ Launches in the Uae and Makes Its Way Into Customers' Pockets and Lives
LG bets high on Premium TV Market with industry leading OLED Technology
Over 200 developers across India participate in CREDAI's Indian Property Show
Unilever's Lipton Jebel Ali Tea Factory First in MENA to Achieve Bronze World Cl...
Dubai-based teen star Polina Butorina releases her debut album ‘Ocean of Emotions'
10 years on Bremont refreshes ALT1-P range
Switzerland wins a Good Design Award for the first chronograph-watch in history
Win 3000 Dollars with Splash
Saint Honore presents the distinguished Haussmann for men in an elegant avatar
Sleigh your style with women'secret's festive collection
LPG Endermologie provides tips for you to stay healthy and glowing inside and out
Ghantoot present 17th Emirates Open Polo Championship International
Al Tayer Motors Celebrates 100 Years of Ford Pick-up Trucks
Joyalukkas the World's Favourite Jeweller Now Launches in South Extension, Delhi
DIFF Welcomes Robert Bosch Stiftung to the Festival's 14th Edition
Registration Opens for the Fazza Championships for Falconry 2018
Festive and NYE Happenings at Tub of Butter
SOUQ launches “Amazon Global Store” bringing over a million global products to t...
du Opens New Business Centre Facility at Jebel Ali Free Zone (Jafza)
Ring in the New Year with Ramada Plaza Jumeirah Beach in JBR at Fogueira, Speake...
Party Season Essentials at Paris Gallery
Lacoste Introduces Motion Collection
Saxo Bank 2018 Outrageous Predictions: 2018 will be a true roller coaster ride c...
De'longhi Bean-to-cup Coffee Machines
Huawei's ultimate gift guide for the 2017 Holiday Season
Green Hope on Former US Vice President Al Gore's 24 Hours of Climate Reality telecast
The du Youth Council Holds a Volunteering Day at Al Ain Zoo with People of Deter...
Indian realty in revival mode, says industry expert
DIFF Closes With Full Force on the Red Carpet
MEPRA announces winners of its 2017 awards