Middle East

"Al Ain National Insurance" It approves the distribution of 20% cash dividends to shareholders for 2023

ABU DHABI, 23 APRIL / WAM / The General Assembly of Al Ain National Insurance Company, listed on the Abu Dhabi Securities Market, approved the distribution of cash dividends of 20% of the capital, equivalent to two dirhams per share, amounting to 30 million dirhams, to shareholders for the year 2023, as the company achieved excellent performance. Strong and growing business.

His Excellency Mohammed Joaan Rashid Al Badi Al Dhaheri, Chairman of the Board of Directors, said during the company’s General Assembly meeting: “In light of the global economic challenges, the United Arab Emirates is showing flexibility with strategic initiatives to enhance growth in the economy,” referring to the UAE Central Bank’s affirmations of optimism. In the continuation of economic growth in the country through proactive policies, which is expected to achieve a total growth estimated at 5.7 percent for the year 2024, he expressed his hope that the insurance sector in the country will witness continued growth in the coming years.

The General Assembly meeting of Al Ain National Insurance Company witnessed the election of the new members of the Board of Directors for the 2024-2026 session, which included the membership of His Excellency Mohammed Joaan Rashed Al Badi Al Dhaheri, His Excellency Khalid Mohammed Al Badi, His Excellency Ghaith Hamel Khadem Al Ghaith Al Qubaisi, and His Excellency Saeed Ahmed Omran Al Mazrouei, His Excellency Saeed Ahmed Saif Saqr Al Muhairbi, His Excellency Abdullah Mubarak Abdullah Mubarak Al Darmaki, and His Excellency Sheikha Nasser Muhammad Ali Al Nowais.

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