ABU DHABI: Abu Dhabi National Insurance Company (ADNIC) has announced the approval of a 45 per cent cash dividend distribution, equating to AED0.45 per share, following the conclusion of its Annual General Meeting (AGM).
The decision translates to a total cash dividend of AED256.5 million for the financial year ending December 31, 2024.
During the AGM, shareholders unanimously endorsed all agenda items, including the financial statements for the fiscal year. Sheikh Mohamed bin Saif Al Nahyan, Chairman of ADNIC, highlighted the company’s exceptional performance in 2024, attributing it to robust underwriting and investment strategies, as well as regional expansion efforts, notably the acquisition of Allianz Saudi Fransi, now rebranded as Mutakamela Insurance Company.
His remarks underscored ADNIC’s commitment to delivering consistent returns to shareholders, reinforcing the trust they have placed in the company.
Focusing on innovation
The year 2024 is marked as a milestone for ADNIC, showcasing the highest total insurance revenue and net profit in its history. Sheikh Mohamed emphasised the company’s dedication to contributing positively to societal well-being, aligning with the UAE leadership’s declaration of 2025 as the Year of Community.
This commitment reflects ADNIC’s resolve to provide quality insurance solutions that foster unity and shared responsibility within the community.
CEO Charalampos Mylonas reiterated the company’s focus on innovation and operational growth. He noted that the solid net profit performance and the dividend distribution are testaments to ADNIC’s capability to deliver exceptional value to both customers and shareholders.
Looking ahead, Mylonas expressed confidence in enhancing the company’s product offerings, embracing technological advancements, and strengthening its market position both locally and internationally.
