ADNIC plans to increase its capital

ADNICAbu Dhabi National Insurance Company (ADNIC) is planning to increase its share capital by 106 million USD. The Emirati insurer has justified this decision on the grounds that the technical performance achieved in all classes of business in 2015 has been poor.

Over many years, the market has been facing fierce tariff competition that has compromised the balance sheets of all insurance companies.

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