Dubai Islamic Insurance and Reinsurance Company (AMAN) has successfully concluded its Annual General Meeting (AGM) yesterday (March 22, 2011) at ‘The Emirates Towers’ Hotel in the presence of the board members and a representative from the Securities and Commodities Authority (SCA). The AGM approved the distribution of 7.5% bonus shares for shareholders; while the company’s insurance portfolio has grown by 29% to reach AED 611 million by end of 2010.
The AGM approved the report for the Board of Directors and the financial statements for the financial year ending December 31, 2010, as well as the reports of the Sharia’a board and the appointment of financial auditors.
AMAN’s net profit has risen by almost 3% in 2010 reaching AED 21.18 million compared to AED 20.57 million in 2009. The value has also grown to 11 fils per share in 2010 from 10 fils per share in 2009 accounting to a profit of AED 61.5 million.
AMAN’s CEO and Managing Director Mr. Hussein Al Meeza said “AMAN’s performance over the past two years resulted in considerable growth, achievement of high profit margins, and protecting shareholders interest.â€
