July 30, 2016 6:08 PM ET

Insurance

Company Overview of Al Wathba National Insurance Company (PJSC)

Company Overview

Al Wathba National Insurance Company PJSC engages in general insurance and reinsurance business in the United Arab Emirates. The company operates through Fire and General Accident, Medical, Marine, Aviation, and Investments segments. It offers fire and general accident insurance that covers fire and allied perils, property risks, business interruption, hotel comprehensive, money, fidelity guarantee, bankers blanket, jewellers block, shop keepers, home comprehensive, workmen’s compensation liability, employer’s liability, public liability, and medical malpractices, as well as group personal accident insurance. The company also provides engineering insurance products, including contractors and...

Al Wathba National Insurance Co Building

Najda Street

PO Box 45154

Abu Dhabi,  

United Arab Emirates

Founded in 1997

Phone:

971 2 418 5300

Fax:

971 2 677 6628

Key Executives for Al Wathba National Insurance Company (PJSC)

Al Wathba National Insurance Company (PJSC) does not have any Key Executives recorded.

Al Wathba National Insurance Company (PJSC) Key Developments

Al Wathba National Insurance Company (PJSC) Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2016

Al Wathba National Insurance Company (PJSC) reported unaudited earnings results for the first quarter ended March 31, 2016. For the quarter, the company reported premium income earned of AED 74,424,000 compared to AED 86,200,000 a year ago. Net premium earned was AED 26,653,000 compared to AED 49,505,000 a year ago. Underwriting income was AED 12,455,000 compared to AED 13,029,000 a year ago. Net underwriting income was AED 2,551,000 compared to AED 2,339,000 a year ago. Profit for the period was AED 34,182,000 compared to AED 6,708,000 a year ago. Basic and diluted earnings per share was AED 0.17 compared to AED 0.03 a year ago. Net cash from operating activities was AED 7,969,000 compared to net cash used in operating activities of AED 8,360,000 a year ago. Purchase of property plant and equipment was AED 104,000 compared to AED 262,000 a year ago.

Al Wathba National Insurance Company (PJSC) to Report Fiscal Year 2015 Results on Mar 02, 2016

Al Wathba National Insurance Company (PJSC) announced that they will report fiscal year 2015 results on Mar 02, 2016

Al Wathba National Insurance Company (PJSC), Board Meeting, Mar 02, 2016

Al Wathba National Insurance Company (PJSC), Board Meeting, Mar 02, 2016, at 16:30 Indian Standard Time. Agenda: To review and approve the 1st board of directors meeting minutes for the year 2016; to discuss and approve the audited financial statements for the year ended December 31, 2015; to determine date and venue for general assembly meeting; to discuss amendments that have been made to company' memorandum and articles of association; to review the procedures taken with securities and commodities authority with reference to Vision Capital Brokerage Company; to review the minutes of BOD committees; and others.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 3, 2015
Vision Capital Brokerage Company LLC
 

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