Dubai Insurance Co , PSC

Logotype for Dubai Insurance Co , PSC
Ticker/ISIN
DIN
AED000301013
Market/Country
Dubai Financial Market
United Arab Emirates

About Dubai Insurance Co , PSC

Dubai Insurance Company (DIN) was incorporated by His Highness Late Sheikh Rashid Al Maktoum as the first local company in the UAE.

Since then, DIN has always provided excellent service to its Clientele. The major transformation took place when the newly, agile and proactive Board of Directors were elected in early 2006. Dubai Insurance’s new Board of Directors together with the new management team tripled and doubled its revenue, profitability and client offering while maintaining the same unique values the founders were keen to establish.

Revenue multiplied from Aed 24M in 2006 to Aed 1.2B In 2021 without compromise on profitability. Under its composite P&C and Life License, Dubai Insurance offers a varied portfolio of products including Property, Liability, Marine, Group Life and Medical and many other specialty lines including Credit and Surety.

In acknowledgement of its performance and outlook, AM Best has assigned Financial Strength Rating of A-(Excellent) with Positive outlook and A3 With Stable Outlook By Moody's.

Dubai Insurance prides itself in partnering with leading international reinsurers to offer our clients the solutions necessary for all their traditional and non-traditional risk management needs.

In the past 15 years, Dubai insurance has seen a steady growth, in profits as well as premiums. What we are most proud of, is our contributions to the community and working closely with government entities to ensure that the community living here or visiting have the necessary insurance protecting them and making society work at peace. Over the course of 15 years, we, at Dubai insurance have worked hard to consistently maintain or increase our rating score and these steady increases in growth can be witnessed throughout the years.

Latest Pressrelease Summaries from Dubai Insurance Co , PSC

Dubai Insurance Company held a Board of Directors meeting on Monday, December 23, 2024, at 11:00 am at the company's head office to review and discuss the company's ordinary business. The notice was addressed to Mr. Hamed Ahmed Ali, the CEO of the Dubai Financial Market, and was signed by Sahem Abdelhaq, the Head of Legal.
Dubai Insurance Co. has scheduled a Board of Directors meeting on Monday, December 23, 2024, at 11:00 AM at the company's head office to review the company's ordinary business. The notification is addressed to Mr. Hamed Ahmed Ali, CEO of Dubai Financial Market, and is signed by Sahem Abdelhaq, Head of Legal.
Dubai Insurance Co. held a Board of Directors meeting on November 11, 2024, at 11:00 am at the company's head office. The agenda included approving the third-quarter financials of 2024, reviewing circular No. 1/2024 concerning insurance brokers regulation, and reviewing circular No. 4/2024 concerning fitness and proper regulation. The information was communicated by Sahem Abdel Haq, Head of Legal, to Mr. Hamed Ahmed Ali, CEO of Dubai Financial Market.
Dubai Insurance Company has scheduled a Board of Directors meeting for November 11, 2024, at 11:00 am at their head office. The purpose of the meeting is to approve the financial results for the third quarter of 2024. This information was communicated by Sahem Abdelhaq, the Head of Legal & Compliance, to Mr. Hamed Ahmed Ali, the Chief Executive Officer of the Dubai Financial Market.
Dubai Insurance Co. informed Mr. Hamed Ahmed Ali, CEO of Dubai Financial Market, that the Board of Directors met on July 30, 2024, at 11:00 am at the company's head office. During the meeting, they approved the 2nd Quarter Financials of 2024 and reviewed circular No. 2964/2024 concerning principles of sustainability disclosures. The notice was signed by Sahem Abdel Haq, Head of Legal & Compliance.
Dubai Insurance Co. has announced a Board of Directors meeting scheduled for Tuesday, July 30, 2024, at 11:00 am at the company's head office. The purpose of the meeting is to approve the financial results for the second quarter of 2024. The announcement was made by Sahem Abdelhaq, Head of Legal & Compliance, and addressed to Mr. Hamed Ahmed Ali, Chief Executive Officer of Dubai Financial Market.
Dubai Insurance Company (P.S.C) has announced that credit rating agency AM Best has upgraded its Financial Strength Rating to A (Excellent) and its Long-Term Issuer Credit Rating to “a” (Excellent). The company cites the upgrade as a reflection of its strong financial standing and the increasing trust in its diverse insurance products. The firm remains dedicated to upholding its high standards and continuing its progress.
Dubai Insurance Co. has informed the Dubai Financial Market that its Board of Directors met on February 12, 2024, to review and approve the company's Q1 2024 financials. The board also reviewed Circular No. 2224/2024 concerning financial reporting and external audit regulation for insurance companies. The information was communicated by Sahem Abdel Haq, Head of Legal & Compliance at Dubai Insurance Co.

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Dubai Financial Market News

Dubai Financial Market News

News Update From Dubai Insurance Co , PSC

Disclosure: Results of BOD Meeting

Dubai Insurance Company held a Board of Directors meeting on Monday, December 23, 2024, at 11:00 am at the company's head office to review and discuss the company's ordinary business. The notice was addressed to Mr. Hamed Ahmed Ali, the CEO of the Dubai Financial Market, and was signed by Sahem Abdelhaq, the Head of Legal.

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From Dubai Insurance Co , PSC

Disclosure: BOD meeting

Dubai Insurance Co. has scheduled a Board of Directors meeting on Monday, December 23, 2024, at 11:00 AM at the company's head office to review the company's ordinary business. The notification is addressed to Mr. Hamed Ahmed Ali, CEO of Dubai Financial Market, and is signed by Sahem Abdelhaq, Head of Legal.

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From Dubai Insurance Co , PSC

Disclosure: Financial statements for the 3rd QTR of 2024

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From Dubai Insurance Co , PSC

Disclosure: Results of BOD Meeting

Dubai Insurance Co. held a Board of Directors meeting on November 11, 2024, at 11:00 am at the company's head office. The agenda included approving the third-quarter financials of 2024, reviewing circular No. 1/2024 concerning insurance brokers regulation, and reviewing circular No. 4/2024 concerning fitness and proper regulation. The information was communicated by Sahem Abdel Haq, Head of Legal, to Mr. Hamed Ahmed Ali, CEO of Dubai Financial Market.

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From Dubai Insurance Co , PSC

Disclosure: BOD meeting

Dubai Insurance Company has scheduled a Board of Directors meeting for November 11, 2024, at 11:00 am at their head office. The purpose of the meeting is to approve the financial results for the third quarter of 2024. This information was communicated by Sahem Abdelhaq, the Head of Legal & Compliance, to Mr. Hamed Ahmed Ali, the Chief Executive Officer of the Dubai Financial Market.

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From Dubai Insurance Co , PSC

Disclosure: Financial statements for the 2n QTR of 2024

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From Dubai Insurance Co , PSC

Disclosure: Results of BOD Meeting

Dubai Insurance Co. informed Mr. Hamed Ahmed Ali, CEO of Dubai Financial Market, that the Board of Directors met on July 30, 2024, at 11:00 am at the company's head office. During the meeting, they approved the 2nd Quarter Financials of 2024 and reviewed circular No. 2964/2024 concerning principles of sustainability disclosures. The notice was signed by Sahem Abdel Haq, Head of Legal & Compliance.

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From Dubai Insurance Co , PSC

Disclosure: BOD meeting

Dubai Insurance Co. has announced a Board of Directors meeting scheduled for Tuesday, July 30, 2024, at 11:00 am at the company's head office. The purpose of the meeting is to approve the financial results for the second quarter of 2024. The announcement was made by Sahem Abdelhaq, Head of Legal & Compliance, and addressed to Mr. Hamed Ahmed Ali, Chief Executive Officer of Dubai Financial Market.

1. Attached Document

AkSharesKumar

AkSharesKumar

Commented on FinanceBroAEDs Transaction regarding Dubai Insurance Co , PSC

Great move! Dubai Insurance Co. has solid potential in the financial sector. Diversifying within Industrials and Financials can offer stability and growth. Well done! 💪
CashwariyaRai

CashwariyaRai

Commented on JohnnyDebts Transaction regarding Dubai Insurance Co , PSC

Interesting move with Dubai Insurance Co, PSC! Diversifying into Financials can be wise. Keep an eye on market trends and stay resilient. Best of luck! 🌟
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