January 17, 2017 12:30 AM ET

Insurance

Company Overview of Al Fujairah National Insurance Company P.S.C.

Company Overview

Al Fujairah National Insurance Company P.S.C. provides general insurance and short term life insurance in the United Arab Emirates. The company operates through two segments, Underwriting and Investments. It underwrites various classes of general insurance, including fire, marine, motor, general accident, tenants’ compensation, home owners, automobile, aviation, energy, liability, medical and employee benefits, property, engineering and projects, accident vehicles, and miscellaneous insurance products. The company also invests in the United Arab Emirates marketable equity securities, fixed deposits with banks, and investment properties. Al Fujairah National Insurance Company P.S.C. was found...

Insurance Building

8th Floor

Hamad Bin Abdullah Street

PO Box 277

Fujairah,  

United Arab Emirates

Founded in 1976

Phone:

971 9 2233355

Fax:

971 9 2224344

Key Executives for Al Fujairah National Insurance Company P.S.C.

General Manager
Finance Manager
Deputy General Manager of Technical & Reinsurance
Human Resources & Marketing Manager
Business Development Manager
Compensation as of Fiscal Year 2016.

Al Fujairah National Insurance Company P.S.C. Key Developments

Al Fujairah National Insurance Company P.S.C. Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016

Al Fujairah National Insurance Company P.S.C. announced unaudited earnings results for the third quarter and nine months ended September 30, 2016. For the nine months, the company reported net insurance premium revenue of AED 142,325,435 against AED 135,345,423 a year ago. Underwriting profit was AED 29,634,082 against AED 26,547,222 a year ago. Net underwriting profit was AED 8,965,809 against AED 7,446,384 a year ago. Profit for the period was AED 12,041,640 against AED 8,749,503 a year ago. Basic earnings per share were AED 12.04 against AED 8.75 a year ago. For the quarter, the company reported net insurance premium revenue was AED 49,806,498 against AED 49,029,191 a year ago. Underwriting profit was AED 11,724,256 against AED 13,056,702 a year ago. Net underwriting profit was AED 5,603,202 against AED 7,154,156 a year ago. Profit for the period was AED 5,639,177 against AED 4,023,185 a year ago. Basic earnings per share were AED 5.64 against AED 4.02 a year ago. Net cash generated from operating activities was AED 20,109,852 against net cash used in operating activities of AED 17,240,883 a year ago. Purchase of property and equipment was AED 2,344,039 against AED 11,564,931 a year ago.

Al Fujairah National Insurance Company P.S.C. to Report Nine Months, 2016 Results on Nov 13, 2016

Al Fujairah National Insurance Company P.S.C. announced that they will report nine months, 2016 results on Nov 13, 2016

Al Fujairah National Insurance Company P.S.C., Board Meeting, Nov 13, 2016

Al Fujairah National Insurance Company P.S.C., Board Meeting, Nov 13, 2016, at 11:00 Arabian Standard Time. Agenda: To approve the minutes of the previous meeting; and to discuss the audited financial statements for the period ended September 30, 2016.

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Recent Private Companies Transactions

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