National General Insurance Approves 45% Cash Dividend

National General Insurance Company P.J.S.C, a prominent player in the UAE's insurance sector, recently held its General Assembly Meeting, disclosing several pivotal decisions that reflect its robust financial health and commitment to shareholder value. The meeting, chaired by Dr. Hamad Mubarek Buamim, took place at NGI's head office and remotely, ensuring accessibility and inclusivity in line with modern governance standards. With a quorum of 77.32% attendance, the meeting underscored the active engagement of stakeholders in the company's strategic directions.

One of the most significant outcomes of the assembly was the approval of a 45% cash dividend, amounting to AED 74,227,285, for shareholders listed on the register as of April 25, 2025. This decision highlights NGI's strong financial performance and its commitment to rewarding its investors, a move that is likely to bolster investor confidence and potentially attract new stakeholders.

The assembly also approved the Board of Directors' report on the company's activities and financial position for the year ending December 31, 2024. The acceptance of the auditor's report and the financial statements for the same period further solidifies the company's transparency and adherence to high standards of financial reporting.

Additionally, the meeting saw the approval of the Board of Directors' remuneration and the discharge of both the Board and the External Auditors from liability for the financial year ended December 31, 2024. These approvals are indicative of the trust and confidence that shareholders place in the company's governance and operational integrity.

Looking forward, National General Insurance appears to be on a stable trajectory, supported by its solid financials and strategic initiatives. However, given the current market conditions and the company's neutral outlook, investors may consider holding their positions. The approved dividend is an attractive incentive for existing shareholders, while potential investors might want to observe the company's performance in the coming quarters before making any significant moves.

In conclusion, National General Insurance Company P.J.S.C's recent General Assembly Meeting has reaffirmed its commitment to delivering value to its shareholders. The company's strategic decisions and financial prudence are likely to sustain its growth and stability in the competitive insurance market of the UAE.