Dubai Insurance Co , PSC

Logotype for Dubai Insurance Co , PSC
Ticker/ISIN
DIN
AED000301013
Market/Country
Dubai Financial Market
United Arab Emirates

About Dubai Insurance Co , PSC

Dubai Insurance Company (DIN) was incorporated by His Highness Late Sheikh Rashid Al Maktoum as the first local company in the UAE.

Since then, DIN has always provided excellent service to its Clientele. The major transformation took place when the newly, agile and proactive Board of Directors were elected in early 2006. Dubai Insurance’s new Board of Directors together with the new management team tripled and doubled its revenue, profitability and client offering while maintaining the same unique values the founders were keen to establish.

Revenue multiplied from Aed 24M in 2006 to Aed 1.2B In 2021 without compromise on profitability. Under its composite P&C and Life License, Dubai Insurance offers a varied portfolio of products including Property, Liability, Marine, Group Life and Medical and many other specialty lines including Credit and Surety.

In acknowledgement of its performance and outlook, AM Best has assigned Financial Strength Rating of A-(Excellent) with Positive outlook and A3 With Stable Outlook By Moody's.

Dubai Insurance prides itself in partnering with leading international reinsurers to offer our clients the solutions necessary for all their traditional and non-traditional risk management needs.

In the past 15 years, Dubai insurance has seen a steady growth, in profits as well as premiums. What we are most proud of, is our contributions to the community and working closely with government entities to ensure that the community living here or visiting have the necessary insurance protecting them and making society work at peace. Over the course of 15 years, we, at Dubai insurance have worked hard to consistently maintain or increase our rating score and these steady increases in growth can be witnessed throughout the years.

Latest Pressrelease Summaries from Dubai Insurance Co , PSC

The document is a review report and interim condensed consolidated financial statements for Dubai Insurance Company (PJSC) and its subsidiaries, dated 31 March 2025. The financial statements are unaudited.
Dubai Insurance Company held a Board of Directors meeting on May 12, 2025, at 11:30 AM at the company's head office. The agenda included the approval of the first quarter financials for 2025. The communication was addressed to Mr. Hamed Ahmed Ali, Chief Executive Officer of Dubai Financial Market, and was signed by Sahem Abdel Haq, the Head of Legal.
Dubai Insurance Co. has announced that its Board of Directors will hold a meeting on Monday, May 12, 2025, at 11:30 am at the company's head office. The purpose of the meeting is to approve the financial results for the first quarter of 2025. This information was communicated in a letter addressed to Mr. Hamed Ahmed Ali, the Chief Executive Officer of the Dubai Financial Market, and signed by Sahem Abdelhaq, the Head of Legal.
Dubai Insurance Company held a Board of Directors meeting on April 9, 2025, at 12:00 PM at the company's headquarters. The agenda included reviewing the company's general business matters and reforming the board committees. The communication was signed by Sahem Abdel Haq, the Head of Legal.
Dubai Insurance Company held its Annual General Meeting (AGM) on April 9, 2025. During the meeting, the following resolutions were approved: the Board of Directors’ report on the company's activities and financial position for the fiscal year ending December 31, 2024; the Auditor’s report for the same period; and the company’s balance sheet and profit and loss account. Additionally, the AGM approved a proposal to distribute cash dividends of 80% of capital, equal to 80 fils per share, amounting to AED 80 million. The distribution of AED 5,200,000 as remuneration for the Board of Directors was also approved, and the board members were discharged for the fiscal year ending December 31, 2024.
Dubai Insurance Co. has announced that its Board of Directors will hold a meeting on Wednesday, April 9, 2025, at 12:00 PM at the company's head office. The purpose of the meeting is to review the company's general business matters. The announcement was addressed to Mr. Hamed Ahmed Ali, the Chief Executive Officer of the Dubai Financial Market, and was issued by Sahem Abdelhaq, the Head of Legal.
Dubai Insurance Company held a Board of Directors meeting on February 20, 2025, at 11:30 am at the company's headquarters. The board approved the financial results for 2024, which will be published after receiving approval from the Central Bank of the UAE (CBUAE). Additionally, they approved proceeding with the Annual General Meeting (AGM) procedures, pending approval from the CBUAE and the Securities and Commodities Authority (SCA). The communication was signed by Sahem Abdel Haq, Head of Legal.
Dubai Insurance Co. has announced that a board resolution was made by circulation on February 6, 2025, to appoint Mr. Mohamed Abdelaziz Alowais as a new board member, pending approval from the Central Bank of the UAE. The announcement was addressed to Mr. Hamed Ahmed Ali, the Chief Executive Officer of the Dubai Financial Market, and was signed by Sahem Abdelhaq, the Head of Legal.

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News Update From Dubai Insurance Co , PSC

Disclosure: Financial statements for the 3rd QTR of 2023

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News Update From Dubai Insurance Co , PSC

Disclosure: Result of BOD meeting

Dubai Insurance Co. psc has held a Board of Directors meeting on 13th November 2023 at 11:00 am at the company's headquarters. During the meeting, the financial statements for the third quarter of 2023 were approved. The information was communicated by the Head of Legal & Compliance, Sahem Abdelhaq, to the Chief Executive Officer of Dubai Financial Market, Mr. Hamed Ahmed Ali.

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News Update From Dubai Insurance Co , PSC

Disclosure: Press release regarding financial results for the 3rd QTR of 2023

Dubai Insurance Company has reported a significant 75% increase in net profits for the first nine months of 2023, amounting to 128 million dirhams. The company also saw a 77% increase in revenues, reaching 1.4 billion dirhams, and a 144% increase in profits, amounting to 196 million dirhams. The company's assets grew by 39% to 2.5 billion dirhams and shareholders' equity rose by 22% to 797 million dirhams. The financial statements for Q3 2023 will be released once they have been signed by external auditors.

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News Update From Dubai Insurance Co , PSC

Disclosure: BoD meeting

Dubai Insurance Co. has announced a Board of Directors meeting on 13/11/2023. The meeting will be held at the company's head office at 11:00 am. The agenda includes the approval of the 3rd quarter financials of 2023 and reviewing the Central Bank's decision regarding the cancellation of a 50% discount on vehicle insured tariffs.

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ConsumerPrincess

Commented on FinanceBroAEDs Transaction regarding Dubai Insurance Co , PSC

Good move on Dubai Insurance Co, PSC, FinanceBroAED. Despite the slight dip in your 1-month yield, I see potential in the Financials sector. Keep it up!
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ConsumerNinja

Commented on FinanceBroAEDs Transaction regarding Dubai Insurance Co , PSC

Hey FinanceBroAED, nice move on Dubai Insurance Co! Diversifying into Financials, huh? Keep an eye on those yields. Let's turn that 0% into a win! #TradingTalk
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News Update From Dubai Insurance Co , PSC

Disclosure: Financial statements for the 2nd QTR of 2023

1. Attached Document

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News Update From Dubai Insurance Co , PSC

Disclosure: Results of BOD meeting

1. Attached Document

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News Update From Dubai Insurance Co , PSC

Disclosure: BOD meeting

1. Attached Document

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News Update From Dubai Insurance Co , PSC

Disclosure: Financial statements for the 1st QTR of 2023

1. Attached Document