Dubai PR Network, Online Press Release from Dubai and Middle East
 
Money, Business & Investments(Banking & Investments)
Filter PR by
  
Abu Dhabi National Takaful Co. PSC reports solid rise in Q2 2017 results with combined net profit of AED 40.9 million
 

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 : Dubai PR Network Editorial Team
Viewed 2989 times
PR Category : Banking & Investments
Posted on : Sunday, August 13, 2017  3:55:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Genetec Achieves Top Global Market Share Rankings across VMS...
Next Story : Sharjah calls on entrepreneurs to participate in flagship Sh...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Launching Hugo Boss Writing Instruments [19410-Views]
Autumn-Winter17 PUMA x TRAPSTAR Collection [16562-Views]
New Season Haircare Must-Have: Head & Shoulders Invigorating Apple Fresh Range [14494-Views]
Huawei Consumer Business Group opens the Middle East's first ever ‘Huawei Experience Store... [12761-Views]
Tissot Ballade introduces the silicon balance spring [12432-Views]
IKEA Reveals Nearly Half of Adults in the UAE Play Every Day [12243-Views]
A New Step Forward: Cole Haan Unveils New UAE Flagship [11840-Views]
Louis Moinet Salutes The Spirit Of Singapore With Exclusive Limited Edition Series [11291-Views]
Meet and Greet with Jasmine Brett Stringer Held at SUC [10230-Views]
Swatch Celebrates the Holidays With ISIDOR the Snowman [8394-Views]
Christmas gift guide by HP [7631-Views]
His Excellency Abdul Aziz Al Ghurair Receives Cal Poly Alumni Excellence Award [6673-Views]
Abu Dhabi awarded ‘Best Stand Design' at World Travel Market London [6185-Views]
What if You Could Finish an Entire Load of Laundry in a Single Wash Cycle? [5795-Views]
T10 cricket team Bengal Tigers unveiled its Jersey [5514-Views]
Dubai Festival City Prepares for the Biggest Event of the Dubai Fitness Challenge [5447-Views]
Emirates Group announces half-year performance for 2017-18 [5252-Views]
SOUQ.com to Launch Half a Million Deals for White Friday 2017 [5081-Views]
Home Centre Celebrates 46th UAE National Day with Exclusive Home Décor Collection [5069-Views]
Sushmita Sen Re-launches the Danube Home Sharjah Showroom [4984-Views]
Celebrate the Special Men in Your Life with QNET [4813-Views]
Chattels & More returns to Downtown Design showcasing limited edition pieces in contempora... [4703-Views]
Celebrating regional artistry, creativity and talent through a passion for makeup at the a... [4563-Views]
Dubai Health Authority ( DHA) and Dubai Police sign MoU to extend cooperation in humanitar... [4514-Views]
Malabar Gold & Diamonds launched its 195th store in Mandya, Karnataka, India [3812-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories