Tuesday 26 July 2016
 
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Adnic

Adnic posts $10.6m Q1 profit

Abu Dhabi National Insurance Company (Adnic) has announced a net profit of Dh39 million ($10.61 million) for the first quarter of this year, a growth of 670 per cent over the same period last year. The company’s net investme

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Adnic reports $91m net loss

Abu Dhabi National Insurance Company (Adnic) has reported a net loss of Dh334.5 million ($91.07 million) for 2015, compared to a net loss of Dh280.4 million ($76.2 million) for 2014.   Khalifa Mohamed Al-Kindi, chairman of Ad

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Adnic confirms plan for $106m capital increase

Abu Dhabi National Insurance Company (Adnic) plans to boost its capital by Dh390 million ($106 million), it said on Monday, and several sources said it would do this with a convertible bond issue. The company has posted a run of w

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Adnic renews insurance deal with Schlumberger

Abu Dhabi National Insurance Company (Adnic) has renewed the memorandum of understanding (MoU) with Schlumberger Group, a global supplier of technology solutions to the customers in the oil and gas sector. Under the terms of the a

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Adnic gross premium written falls in Q3

Abu Dhabi National Insurance Company (Adnic) said its gross premium written for the third quarter fell to Dh362 million from Dh460 million for the same period last year. Announcing the results for the third quarter ended September

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Adnic signs partnership with Cleveland Clinic Abu Dhabi

Platinum health insurance customers of the Abu Dhabi National Insurance Company (Adnic) now have access to top grade healthcare from Cleveland Clinic Abu Dhabi, thanks to an agreement announced yesterday. Patients can avail of the

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Adnic swings to $81m loss in H1

Abu Dhabi National Insurance Company (Adnic) has reported a net loss of Dh299 million ($81.3 million) for the first half of 2015 compared to a net profit of Dh104 million for the same period in 2014. For the six month period ended

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Adnic Q1 net profit plunges to $1.36m

Abu Dhabi National Insurance Company (Adnic) has posted a net profit of Dh5 million ($1.36 million) for the first quarter ended March 31 compared to Dh55 million ($14.9 million) for the same period in 2014. Commenting on the results, Kh

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Adnic revenues increase 9pc to $715m

Abu Dhabi National Insurance Company (Adnic) has posted a revenue of DH2.63 billion ($715.8 million) for last year, an increase of nine per cent compared to the previous year. The firm, however, posted a net loss of Dh280 million

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Adnic swings to $76m loss in 2014

Abu Dhabi National Insurance Company (Adnic) has reported a net loss of Dh280 million ($76.2 million) for the year 2014 as compared to net profit of Dh156 million ($42.4 million) during the previous year. Net Investment Income inc

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