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Sunday, November 22 - 2009

Aman records 158% increase in Q2 profit

  • United Arab Emirates: Thursday, July 16 - 2009 at 10:29
  • PRESS RELEASE

Dubai Islamic Insurance and Reinsurance Company (Aman) said it has made Dhs19.9m profit in the second quarter of the year, a rise of 158% compared with the same period of 2008.

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  • Mr. Hussein Al Meeza.
    Mr. Hussein Al Meeza.
Premium income exceeded Dhs200m at the end of June, 2009.

CEO and Managing Director Mr. Hussein Al Meeza said Aman's performance over the past year resulted in considerable growth and an increase in the volume of insurance work.

The Company is focusing more on the quality of business on its books and the ultimate positive technical results.

He said he expects a rise in profit of insurance operations and investments over the coming months.

Al Meeza said the financial results of the second quarter were encouraging despite the global economic crisis that led to a drop in economic activities as well as in value of financial investments.

Aman is a leading national insurance company where the rate of Emiratisation, 30%, is the highest among insurance companies operating in the country,(AMAN) have promoted Miss Amal Alrayisi to Acting Manager for Aman branch office in Sharjah and the Northern Emirates.
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