Following the conclusion of its Annual General Meeting (AGM), the Abu Dhabi National Insurance Company (Adnic) authorized the payment of 45% cash dividends (Dhs0.45 per share, or a total cash dividend of Dhs256.5 million) for the fiscal year that concluded on December 31, 2024. All of the topics on the AGM agenda, including Adnic’s financial results for the year ending December 31, 2024, were considered and approved by the shareholders.
“After the recent acquisition of Allianz Saudi Fransi, which is now rebranded to Mutakamela Insurance Company, Adnic demonstrated yet another set of exceptional results in 2024, driven by a solid underwriting and investment performance, as well as our regional expansion,” stated Sheikh Mohamed bin Saif Al Nahyan, Chairman of Adnic. We express our gratitude to our shareholders for their ongoing faith in our mission. Our dedication to giving them steady returns on their investments is demonstrated by the cash dividends we distribute.
“2024 stands as a milestone year for Adnic, where we delivered the highest ever reported total Insurance Revenue as well as overall net profit. In keeping with the UAE government’s proclamation of 2025 as the Year of Community, Adnic reaffirms its dedication to offering high-quality insurance solutions that will promote harmony, shared responsibility, and general well-being in our society. “Adnic is committed to providing innovative and accessible solutions and to driving operational growth,” stated Charalampos Mylonas, CEO of Adnic.
Also Read:
At The Makkah Forum, Saudi Arabia Fortifies its Halal Leadership by Signing 13 New Agreements
Holy City Hotels Prepare For Ramadan
