Dubai Insurance Co , PSC
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
Threads
Dubai Financial Market News
News Update From Dubai Insurance Co , PSC
Dubai Insurance Co. has informed the Dubai Financial Market that a Board of Directors meeting will be held on 20th March 2024. The meeting, which will take place at the company's head office, will involve the election of a Chairman, Vice Chairman, and the establishment of committees from members elected by the General Assembly. The communication was made by Sahem Abdelhaq, the Head of Legal & Compliance at Dubai Insurance Co.
Dubai Financial Market News
News Update From Dubai Insurance Co , PSC
The Dubai Insurance Company has released its Integrated Report for 2023. The report includes the Board of Director's Report, Auditor's Report, Financial Statement, Corporate Governance Report, and Sustainability Report.
Dubai Financial Market News
News Update From Dubai Insurance Co , PSC
The Board of Directors of Dubai Insurance Company (PSC) has invited shareholders to attend the Annual General Assembly meeting on 20/03/2024 at 13:00 PM. The meeting can be attended in-person at the company's headquarters or remotely via video technology. The agenda includes reviewing and approving the company's financial reports and the auditor's report for the fiscal year ending 31/12/2023, approving the balance sheet and profit and loss account, considering proposals for cash dividend distribution and remuneration for board members, discharging or removing board members and auditors for the fiscal year ending 31/12/2023, appointing auditors for 2024, and electing board members. Special attention will be given to proposed amendments to the company's Articles of Association to comply with current laws and regulations.
Dubai Financial Market News
News Update From Dubai Insurance Co , PSC
Dubai Insurance Co. has announced the end of the nomination period for membership applications to the Board of Directors for the 2024-2027 term. The nominees, subject to approval from the Central Bank of the UAE, include Mr. Buti Obaid Almulla, Mr. Marwan Abdulla Al Rostamani, Mr. Khalid Abdulwahid Al Rustamani, Mr. Abubakr Abdulla Al Futtaim, and Mr. Abdulla Mohammed Alhuraiz. All nominees are non-executive, non-independent.
DFM News
News Update From Dubai Insurance Co , PSC
DFM News
News Update From Dubai Insurance Co , PSC
The Board of Directors of Dubai Insurance Co. has approved the audited financials for 2023 and recommended to the General Assembly to distribute cash dividends of 70% of the share capital for 2023. They also recommended paying the Board members remuneration for 2023. The decision was communicated by Sahem Abdelhaq, Head of Legal & Compliance, to Hamed Ahmed Ali, the Chief Executive Officer of Dubai Financial Market.
DFM News
News Update From Dubai Insurance Co , PSC
Dubai Insurance Co. has informed the Dubai Financial Market that its Board of Directors will pass a resolution on February 20, 2024. The resolution will include approval of the 2023 financials and a recommendation to the General Assembly about the distribution of cash dividends for the financial year 2023, including the percentage of the share capital.
DFM News
News Update From Dubai Insurance Co , PSC
DFM News
News Update From Dubai Insurance Co , PSC
DFM News
News Update From Dubai Insurance Co , PSC
The CEO of Dubai Financial Market, Mr. Hamed Ahmed Ali, has been informed by Sahem Abdelhaq, the Head of Legal & Compliance at Dubai Insurance Co., that the company's Board of Directors has scheduled a meeting. The meeting is set to take place on February 12, 2024, at 11:00 am at the company's head office, where they will review the company's ordinary business.