Dubai National Insurance and Reinsurance PSC (DNIR), one of the leading regional multi-line insurance providers in the country, has approved the distribution of 30 percent cash dividends for the financial year ended December 31, 2021, after concluding its Annual General Meeting (AGM) on Thursday.
The dividend is AED 0.30 per share, which works out to a total of AED 34.650 million for the company.
During the meeting, all items on the agenda were discussed and approved. Shareholders also approved DNIR’s financial statements for the year ended 31st December 2021.
Khalaf Ahmad Al Habtoor, Chairman of the Board of Directors, said that the distribution of 30 percent cash dividends is indicative of the financial strength and the sustainable profitable growth of the company.
He added, “Despite the disruptions, we were able to achieve a positive performance at DNIR and are always committed to delivering increased returns to the shareholders annually, thanks to all our stakeholders and our excellent staff.”
Abdulla Al Nuaimi, CEO of DNIR, said that in a year marked by continued uncertainty due to COVID-19, DNIR was able to deliver robust results. “Despite the adverse circumstances, DNIR quickly adjusted to a rapidly changing environment. These achievements led AM Best rating agency to reaffirm our financial strength rating at ‘B++’ with a positive outlook,” Al Nuaimi said.
