Aman has also reported a Dhs6.4m profit within the last three months (Q3) specifically.
Last year, losses reached Dhs21.1m in Q3 due to the collapse of the global credit market.
Commenting on the new figures, Aman's CEO and Managing Director Mr. Hussein Al Meeza says:
"Aman's performance over the past year resulted in considerable growth and an increase in the volume of insurance work. We believe this to be a result of Aman having focused more on the quality of business on the books, and the restructuring of our technical models in yielding positive technical results.
Mr. Al Meeza says he expects a rise in profit of insurance operations and investments over the coming months, and that 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 the value of financial investments.
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Aman records 326% profit increase in Q3 of 2009
- United Arab Emirates: Sunday, October 25 - 2009 at 08:38
- PRESS RELEASE
Dubai Islamic Insurance and Reinsurance Company (Aman) says it that in the first three quarters of 2009 the company made Dhs26.34m in profits; a rise of 326% compared with the same period in 2008.
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Posted by Lara Lynn Golden, News EditorSunday, October 25 - 2009 at 08:38 UAE local time (GMT+4)
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