Dubai Islamic Insurance and Reinsurance Co.

Dubai Islamic Insurance and Reinsurance Co.

Pressreleases, Reports and Disclosures for Dubai Islamic Insurance and Reinsurance Co.

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Dubai Financial Market News
Disclosure: Invitation of General Assembly
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Dubai Financial Market News
Disclosure: Integrated report for the year 2023
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Dubai Financial Market News
Disclosure: Detailed analysis of the accumulated losses
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Dubai Financial Market News
Disclosure: Notification from the company
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Dubai Financial Market News
Disclosure: Financial statements for the year of 2023

The text discusses the consolidated financial statements of the Dubai Islamic Insurance & Reinsurance Company (AMAN) (P.J.S.C) for the year ending on 31 December 2023.

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Dubai Financial Market News
Disclosure: Results of BOD meeting
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Dubai Financial Market News
Disclosure: Notification from the company
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Dubai Financial Market News
Disclosure: BOD meeting
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DFM News
Disclosure: Preliminary financial results for the year of 2023
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DFM News
Disclosure: Press release

The Dubai Islamic Insurance & Reinsurance Company (AMAN) has reported a net profit of AED 10.7 million for Q3 2023, a significant increase from a loss of AED 6.3 million in the same period of 2022. This improvement is attributed to the board of directors' strategy of divestment, selling insurance portfolios, and transitioning the company into an investment firm. Chairman Dr. Saleh Al Hashemi confirmed that the company has successfully reduced non-strategic assets, improving its financial situation. He also highlighted that shareholders' equity in AMAN has increased by 17% to AED 92 million as of September 30, 2023. The company continues to implement its strategic plan to exit the insurance business and become an investment firm.

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DFM News
Disclosure: Discussion report and analysis of the board of directors of the listed public shareholding company
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DFM News
Disclosure: Detailed analysis of accumulated losses
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