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The Abu Dhabi National Insurance Company (ADNIC) has reported strong underwriting performance in Q1 2024, with a combined ratio of 90% and net insurance service results of AED 103.2 million. The company also experienced a record Gross Written Premium of AED 3,031 million, a growth of 49.9% compared to the same period last year. Strategic asset allocation adjustments from the previous year resulted in a 17.4% increase in net income from investments, reaching AED 54.4 million. Despite ongoing investments, the company has managed to control general expenses, reflected in an expense ratio of 12.3%. ADNIC also acquired a majority stake in Allianz Saudi Arabia Cooperative Insurance Company, reinforcing its position as a leading regional insurer. The company's net profit before tax was AED 111.8 million, a 12.1% increase YoY, resulting in a net profit after tax of AED 100.9 million.

On 13th May 2024, the Board of Directors of ADNOC Drilling Company PJSC held a meeting and approved the company's financial statements for Q1 2024. The Board also discussed the company's dividends policy and agreed to recommend a new progressive dividends policy, with dividends growing by at least 10% per annum for five years, and potential additional dividends at the Board's discretion. This recommendation will be presented for shareholders' approval at an upcoming general assembly meeting. Additionally, the Board was informed that the company secured a $1.7 billion contract to explore unconventional energy resources in the UAE.

RAK Properties, a leading property developer in Ras Al Khaimah, reported a 12% increase in revenue to AED 289.91 million in Q1 2024, compared to the same period the previous year. This growth was driven by strong sales for new project launches in Mina Al Arab. The government of Ras Al Khaimah has increased its stake in the company from 5% to around 34%, reflecting its confidence in the firm. The first quarter of 2024 also saw the opening of the 5-star Anantara Mina Al Arab Hotel and Resort. The company's profit before tax grew to AED 45.54 million and total assets reached AED 6.68 billion.

The annual general meeting of the National Investor Company was held on Friday, April 26, 2024. Shareholders representing 165,790,123 shares of the company's capital attended the meeting both in person and remotely. The meeting was chaired by the company's chairman, Mr. Saeed Mohammed Hassan Al Masood. Topics on the agenda were discussed in accordance with the provisions of the Companies Law No. (32) of 2021 and the company's basic system. The agenda included listening to the management's report on the company's activity and financial position for the fiscal year ending on December 31, 2023, discussing the company's balance sheet and profit and loss account for the same fiscal year, and considering proposals regarding non-distribution of profits and not granting bonuses to board members for the fiscal year ending on December 31, 2023.