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ADNIC net profit of 49 million USD

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Magazine Issue: 
FANAF, a mature organization [3]
Magazine date: 
Mar 2014

ADNICAbu Dhabi National Insurance Company (ADNIC [4]) has achieved a net profit of 49.3 million USD, an increase of 25% compared to 2012.

Gross written premiums show a positive evolution rate of 5% and amounted to 653.3 million USD. According to Walid Sidani, CEO of ADNIC, these good figures are the result of strong growth in the "commercial segment, particularly in the oil and gas sectors."

Note: growth rates calculated in local currency

Wed, 19/03/2014 - 16:58

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