Wednesday, March 31, 2021
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The annual return on the distributions of 12 local insurance companies has reached 13% during 2020 – Economy – Local

The annual return on dividends for the shares of 12 companies listed within the insurance sector in the state ranged between 3.6% and 13% approximately, as of March 22; According to the financial statements issued by these companies and published on the websites of the Abu Dhabi Securities Exchange and Dubai Financial Market.

The percentage of returns recorded from the records of these companies reflects the profitable profit that investors get in the insurance sector in the UAE, which is one of the sectors that support the national economy.

The financial statements indicated that the return on the dividends of companies, including the Arab Islamic Insurance Company (Salama), amounted to about 13% during the past year, while the rate of return on the distributions of Al Dhafra Insurance Company reached 8.9% in the same period. At the level of the return on the distributions of Al Ain Al Ahlia Insurance Company, it reached 7.48%, while the Emirates Insurance Company reached 7.15%, about 6.9% for the National General Insurance Company and 6.8% for the Abu Dhabi National Insurance Company, while the return on the distributions of the Takaful Company reached 3.64%.

The total cash dividends announced by the companies covered by the monitoring amounted to about 350 million dirhams for their profits in 2020.

The generous distributions announced by these companies come despite the slowdown in all economic activities in the world as a result of the circumstances imposed by the Corona pandemic during the past year.

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