Abu Dhabi National Insurance Company (ADNIC) has approved a 45% cash dividend, amounting to AED 0.45 per share and totaling AED 256.5 million. Shareholders finalized the decision during ADNIC’s Annual General Meeting (AGM), where they also reviewed and approved the company’s financial statements for 2024.
ADNIC: Strong Financial Performance and Expansion
Sheikh Mohamed bin Saif Al Nahyan, Chairman of ADNIC, highlighted the company’s exceptional performance in 2024. He credited the success to strong underwriting, investment gains, and regional expansion. The acquisition of Allianz Saudi Fransi, now rebranded as Mutakamela Insurance Company, further strengthened ADNIC’s market position.
“Our 2024 results set new records, with the highest-ever total insurance revenue and net profit,” he stated. “The 45% cash dividend reflects our commitment to rewarding shareholders and ensuring consistent returns.”
Commitment to Growth and Innovation
Charalampos Mylonas, CEO of ADNIC, reaffirmed the company’s focus on innovation and operational growth. He emphasized ADNIC’s dedication to delivering accessible and cutting-edge insurance solutions.
“Our strong net profit performance underscores our ability to create value for both customers and shareholders,” Mylonas said. “Moving forward, we will enhance our products, embrace digital transformation, and strengthen our presence locally and internationally.”
Aligning with the UAE’s 2025 Vision
The UAE leadership has declared 2025 as the “Year of Community.” In response, ADNIC remains committed to supporting social unity and shared responsibility. Sheikh Mohamed bin Saif Al Nahyan emphasized that quality insurance solutions contribute to a secure and connected society.
A Promising Future for ADNIC
With record-breaking financial results, successful regional expansion, and a strong focus on innovation, ADNIC is well-positioned for continued growth in 2025 and beyond.
Stay updated for further developments in ADNIC’s journey toward excellence.
