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FINANCIAL NEWS
Al Ahlia profit at USD6m in 2010
31 Mar 2011
(MENAFN) Al Ahlia Insurance deputy chairman Adel Hassan Ali Al Aali said that the company was able to generate net profit amounting to USD6.13 million last year, reported Gulf Daily News.
Al Aali said that underwriting profit in 2010 went up to increased to USD5.5 million compared to USD5.2 million a year before.
Al Aali also said that the company’s investment income in the same year amounted to USD2.6 million, up from the USD2.3 million reported in 2009.
Al Aali added that the company approved the distribution of 40 percent cash dividends and five percent of bonus shares.
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