Press releases, Reports & Disclosures for Dubai Insurance Co , PSC

Dubai Insurance Co. psc has held a Board of Directors meeting on 13th November 2023 at 11:00 am at the company's headquarters. During the meeting, the financial statements for the third quarter of 2023 were approved. The information was communicated by the Head of Legal & Compliance, Sahem Abdelhaq, to the Chief Executive Officer of Dubai Financial Market, Mr. Hamed Ahmed Ali.

Dubai Insurance Company has reported a significant 75% increase in net profits for the first nine months of 2023, amounting to 128 million dirhams. The company also saw a 77% increase in revenues, reaching 1.4 billion dirhams, and a 144% increase in profits, amounting to 196 million dirhams. The company's assets grew by 39% to 2.5 billion dirhams and shareholders' equity rose by 22% to 797 million dirhams. The financial statements for Q3 2023 will be released once they have been signed by external auditors.

Dubai Insurance Co. has announced a Board of Directors meeting on 13/11/2023. The meeting will be held at the company's head office at 11:00 am. The agenda includes the approval of the 3rd quarter financials of 2023 and reviewing the Central Bank's decision regarding the cancellation of a 50% discount on vehicle insured tariffs.