National Life & General Insurance Company (NLGIC) reported 8.4 million OMR (21.87 million USD) in after-tax net profits in 2017, up by 79% in comparison with the 4.7 million OMR (12.25 million USD) reported in 2016. The company’s assets amounted to 142 million OMR (369.63 million USD) by December 31, 2017. Omani insurer has decided to disburse a 15.86% dividend of its share capital by the end of the 2018 year. Furthermore, an amount of 30 000 OMR (78 091 USD) will be dedicated to NLGIC’s social activity.
This news has been disclosed during the company’s annual general assembly recently held in Muscat. Apart from the approval of financial results, the company’s shareholders have also elected a new board of directors chaired by Khalid Muhammed al Zubair.
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