Abu Dhabi National Insurance Company (ADNIC) has approved the distribution of AED228 million ($62 million) in dividends for 2021.
Sheikh Mohamed bin Saif Al-Nahyan, Chairman of ADNIC, said the distribution of 40 percent cash dividends demonstrated the company’s robust financial performance.
He said the net profit for 2021 was AED401.8 million, which showed ADNIC “has continued to adapt and adjust to the new environment to remain competitive amid new investments in technology”.
ADNIC’s Chairman welcomed Futoon Hamdan Mohammed Al Mazroui as a board member and congratulated her on being the first woman to join the company’s Board of Directors.
Ahmad Idris, CEO of ADNIC, said 2022 is a special year for ADNIC, being the company’s 50th anniversary.
“We will continue to be engaged in initiatives that contribute to the betterment of society and support the UAE’s various strategic projects as both the company and the country begin their journey towards the next 50 years,” he said..