ADNIC Shareholders Approved Cash Dividends of 30% at the Annual General Meeting
17th Mar 2020 Press Release
Abu Dhabi National Insurance Company (ADNIC), one of the leading regional multi-line insurance providers for corporates and individuals, concluded its Annual General Meeting (AGM) today. All items of the agenda were discussed and approved including the distribution of 30% cash dividends, AED 0.30 per share, implying total cash dividends of AED 144.6 million for the financial year ended 31 December 2019.
the company’s net profit up 20.7% year-on-year to reach AED 284.3 million reflecting the company’s fundamental strength.”
is testament to the company’s unwavering commitment towards prudent underwriting of risks and sound investment portfolio management. The strength
of our customer service proposition, technical excellence, product and service innovation and commitment to the community have yielded very good results year
after year. We are confident that in 2020 we will continue to achieve our long-term strategic priorities and continue to support our customers’ evolving needs.”
Additionally, ADNIC continues to be one of the most awarded insurance companies in the region. The company was recognised for numerous achievements by the industry during 2019, and Mohammed Bin Rashid Al Maktoum Business Award. Also, the “UAE Insurer Award” by MENA IR Awards, and the “Corporate Social Responsibility Award” by Insuretek Middle East 2020.