Aman’s accumulated losses reach $41.68mln in Q1-23
The accumulated losses of Dubai Islamic Insurance and Reinsurance Company (Aman) hit AED 153.08 million as of 31 March 2023, representing 68% of the capital. In a bourse disclosure, […]
Dar Al Takaful incurs nearly $14.71mln accumulated losses in Q1-23
Dar Al Takaful reported accumulated losses amounting to AED 53.70 million as of 31 March 2023. The incurred losses account for 20.60% of the paid-up capital, according to a […]
UAE insurer banned from issuing new policies for a year
A UAE-based insurer has been slapped with administrative sanctions by the country’s central bank for failure to meet regulatory obligations. The banking authority confirmed on Thursday that it has prohibited […]
UAE Central Bank imposes sanction on insurance firm
The Central Bank of the UAE (CBUAE) has imposed an administrative sanction on an Insurance Company operating in the UAE, pursuant to the Federal Law No.6 of 2007 […]
Dubai’s ASNIC says major shareholder considering sale
Dubai-based Al Sagr National Insurance Company (ASNIC) has announced that a major shareholder is considering selling its stake in the company. In a statement to the Dubai Financial Market (DFM), […]