FINANCIAL NEWS

Listed insurance firms in UAE record USD208mn profit in H1

19 Aug 2017

(MENAFN) Net profits of 28 insurance firms in Abu Dhabi Securities Exchange and Dubai Financial Market jumped 34.2 percent amid the first half of the year to USD208mn.

Meanwhile, the recovered profitability was attributed to the success secured by 8 firms which turned last year’s losses into gains amid the cited period of the year.

In addition, profits of 16 insurance firms listed at ADX reached Dh363mn amid the cited period of the year, an increase of 8.6 percent from Dh334mn in 2016.

Moreover, at DFM, profits of 12 listed insurance firms increased 70.6 percent to Dh401mn amid the first half against Dh235mn amid the same period of 2016.

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MENAFN1908201700450000ID1095746835

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