Al Sagr National Insurance Co PSC (ASNIC)

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News

26 August 03:57 PM Al Sagr Insurance’s accumulated losses hit AED 201.5m in Q2-25

Dubai - Mubasher: Al Sagr National Insurance Company incurred accumulated losses of AED 201.43 million, equivalent to 87.60% of its paid-up capital, in the second quarter (Q2) of 2025. The losses were due to a decline in investment values, …

Banking and Finance

28 November 2023 06:05 PM Al Sagr Insurance turns profitable in 9M-23; accumulated losses hit 42% of capital

Dubai – Mubasher: Al Sagr National Insurance Company shifted to net profits worth AED 2.76 million in the first nine months (9M) of 2023 from net losses of AED 51.34 million in 9M-22. The basic and diluted earnings per share (EPS) amounted to AED …

Banking and Finance

2 March 2023 03:09 PM Al Sagr Insurance’s board mulls capital cut

Dubai - Mubasher: The board of Al Sagr National Insurance Company suggested on 1 March 2023 to lower the paid-up capital to AED 130 million. The capital reduction proposal is subject to the approval of the annual general meeting (AGM), according …

Board of Directors

15 August 2017 06:39 PM Al-Sagr Insurance profits down 60% in Q2

Dubai - Mubasher: The financial statements of Al Sagr National Insurance Company (ASNIC) showed a decline in profits during the second quarter of the year by 59.6% year-on-year, according to a bourse filing. The company said in a statement to the …

Financial Results

26 April 2017 10:14 AM Al Sagr National Insurance approves FY16 dividends

Dubai – Mubasher: Al Sagr National Insurance Company (ASNIC) said its shareholders gave the go-ahead on Tuesday to 5% cash dividends or 5 fils per share for fiscal year 2016, according to a bourse filing. Total annual dividend payout stands at AED …

Corporate Actions

26 March 2017 11:20 AM Al Sagr Insurance to discuss 5 fils/shr dividends late April

Dubai - Mubasher: The board of directors of Al Sagr National Insurance Company (ASNIC) recommended distributing cash dividends for 2016, representing 5% of capital or 5 fils per share. The dividends have a total value of AED 11.50 million. The …

Cash Dividends

14 February 2017 07:56 PM Al Sagr Insurance turns profitable in 2016

Dubai - Mubasher: The financial results of Al Sagr National Insurance Company showed a decline in losses by 85.97% year-on-year in the fourth quarter of 2016. Losses reached AED 10.55 million in Q4-16 down from AED 75.18 million in Q4-15, …

Financial Results

15 November 2016 11:10 AM Al Sagr Insurance Q3 losses down 88%

Dubai – Mubasher: Al Sagr National Insurance logged AED 3.15 million losses ($857,410) in the third quarter of 2016, lower 87.6% year-on-year from AED 25.33 million ($6.9 million), according to a bourse filing on Tuesday. In the first nine months, …

Financial Results

14 August 2016 11:09 AM Al Sagr Insurance turns profitable in Q2-16

Dubai - Mubasher: Al Sagr National Insurance Company recorded a net profit of AED 16.74 million ($4.56 million) in the second quarter of 2016, against AED 28.74 million ($7.83 million) losses in the same period last year. The company also posted …

Financial Results

16 May 2016 11:14 AM Al Sagr National Insurance posts lower profits in Q1

Dubai-Mubasher: Al Sagr National Insurance posted a decrease by 27% in its quarterly profits, according to a bourse statement. Profits reached AED 17.67 million ($4.8 million) in Q1-16, compared to AED 24.22 million ($6.59 million) in Q1-15. Net …

Financial Results

15 February 2016 09:35 AM Al Sagr National Insurance’s Q4 losses deepen 6.8%

Dubai-Mubasher: The preliminary financial statements of Al Sagr National Insurance showed an increase of 6.8% in losses for the fourth quarter in 2015 as compared to the same quarter in 2014. The company posted losses of AED 80.215 million in …

Financial Results

7 December 2015 04:19 PM Al Sagr Insurance to discuss investment policy 14 Dec

Dubai-Mubasher: Al Sagr National Insurance Company said that its board will meet on 14 December to discuss the investment strategy in the light of the Insurance Authority’s financial instruction, according to a bourse statement on Monday. The …

Event

15 November 2015 10:28 AM Al Sagr Insurance turns to losses in 9M

Dubai – Mubasher: Al Sagr National Insurance Company reported a turn to losses in the first nine months of 2015, against profitability in the same period last year. The Dubai listed company’s financial statements showed a net loss of about AED 70 …

Financial Results

13 August 2015 04:13 PM Al Sagr Insurance posts loss in H1

Abu Dhabi – Mubasher: Al Sagr National Insurance Co. (ASNIC) reported a net loss of AED 25.3 million ($6.9 million) in the first six months of 2015, against a net profit of AED 84.3 million ($23 million) in the same period of 2014. ASNIC’s Q2 …

Financial Results

27 April 2015 03:48 PM Al-Sagr Insurance shareholders OK dividends

Dubai – Mubasher: Shareholders at Dubai-listed Al-Sagr National Insurance Company (ASNIC) approved on Monday a 10% cash dividend amounting to 10 fils per share for a total of AED 23 million, according to a bourse filing.Shareholders registered as …

Company News

26 March 2015 09:40 AM Sagr Insurance proposes AED 23m dividends

Dubai – Mubasher: Al-Sagr National Insurance Company (ASNIC) announced that its board of directors proposed a cash dividend representing 10% of capital and amounting to AED 0.10 per share at a total value of AED 23 million.The board scheduled …

Company News

26 March 2015 09:29 AM Sagr Insurance sees AED 56m profits in FY14

Dubai – Mubasher: Al-Sagr National Insurance Company (ASNIC) announced a net profit growth of 10.4% for the group in 2014, compared to figures from 2013.ASNIC reported a net profit of AED 56.1 million ($15.27 million) in 2014 compared to AED …

Financial Results

4 November 2014 06:35 PM ASNIC Board to meet Nov 11 on financials

Al Sagr National Insurance Co. (ASNIC) has announced in its statement to the Dubai Financial Market (DFM) on Tuesday that its Board of Directors will convene on Tuesday, November 11, 2014 at 11 am at the Company’s headquarters in …

Corporate Actions

13 August 2014 02:26 PM ASNIC H1 profit soars 332% to AED 84 mln

In its statement to the Dubai Financial Market (DFM), Al Sagr National Insurance Co. (ASNIC) reported its financial results for the first half of 2014, during which it saw net profit rise to AED 84.3 million, compared to AED 19.5 …

Banking and Finance