ADNIC shareholders approve cash dividends of 45% at the Annual General Meeting

March 25, 2024

Abu Dhabi National Insurance Company (ADNIC), a regional multi-line insurance providers for corporates and individuals, has approved the distribution of 45% cash dividends (AED 0.45 per share, implying total cash dividends of AED 256.5 million) for the financial year ended 31 December 2023, after concluding its Annual General Meeting (AGM) today.

Shareholders discussed and approved all items on the agenda for the AGM, including ADNIC’s financial statements for the year ended 31 December 2023.

Sheikh Mohamed Bin Saif Al-Nahyan, Chairman of ADNIC, said: “We are proud to have delivered strongly on our promises in the past year, a testament to the strategic direction set forth by management and the unwavering dedication of our employees.”

He added, “The year 2023 marked a significant milestone for ADNIC, achieving one of the highest profits in its history, totaling AED 401.2 million. Looking ahead, we will continue to explore new markets and fortify our position as a key player in the GCC region.”

Source: Gulf News

Image: Gulf News

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