UAE: Dubai National Insurance approves a cash dividend of 10%
Source: Middle East Insurance Review | Jun 2024
Dubai National Insurance (DNI) held its annual general assembly meeting that was led by DNI chairman Mohammed Khalaf Al Habtoor, where the board announced a 10% cash dividend to shareholders amounting to AED 11.55m.
DNI reported strong profitability for 2023, achieving a full-year net profit of AED47.1m with an increase of 28% in the Insurance Revenue compared to the previous year.
DNI CEO A R Srinivasan said, “With a focused approach to our underwriting portfolio in the fiercely competitive UAE market, we continue to expand our distribution channels and foster strategic alliances, thereby facilitating sustainable growth.” M