The General Assembly of Al Ain National Insurance Company, listed on the Abu Dhabi Securities Market, has approved the distribution of cash dividends amounting to 20% of the capital, equivalent to two dirhams per share, totaling 30 million dirhams for the year 2023. This decision comes as a recognition of the company’s outstanding performance and robust growth in its business operations.
Chairman of the Board of Directors, His Excellency Mohammed Joaan Rashid Al Badi Al Dhaheri, highlighted the resilience of the United Arab Emirates amidst global economic challenges, emphasizing strategic initiatives aimed at bolstering economic growth. He referenced the UAE Central Bank’s positive outlook and proactive policies expected to drive a 5.7 percent growth in 2024. Al Dhaheri expressed optimism for continued expansion in the insurance sector in the years ahead.
The General Assembly meeting also saw the election of new members to the Board of Directors for the 2024-2026 term. The esteemed members include His Excellency Mohammed Joaan Rashed Al Badi Al Dhaheri, His Excellency Khalid Mohammed Al Badi, His Excellency Ghaith Hamel Khadem Al Ghaith Al Qubaisi, His Excellency Saeed Ahmed Omran Al Mazrouei, His Excellency Saeed Ahmed Saif Saqr Al Muhairbi, His Excellency Abdullah Mubarak Abdullah Mubarak Al Darmaki, and Her Excellency Sheikha Nasser Muhammad Ali Al Nowais.
