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عربي

Al Wathba National Insurance Company

   (AWNIC.ADSM)
Also known as: AWNIC
Last Trade
5.60AED
0.00%
 
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Updated: Mar 23, 2011
 
 
 
Country

UAE

Ownership Type
Publicly Listed
Company Type
Joint Stock
 
 
 
 
Formerly Known As 
Gulf International Insurance Company until 1997
Principal Activities
Provides non-life and life insurance services; reinsurance services.
 
Date of Establishment Year
1982 (Started operations in 1997)
 
No of Employees
150 (As of Mar 21, 2011)
 
Branches
UAE (6)    
 
Stock Market Listing
Exchange Symbol ID Stock Type Currency
Abu Dhabi SE  AWNIC AWNIC.ADSM Ordinary AED
 
 
Contact Details
Address:
Al Wathba Tower
1st Floor
Baniyas Street
P.O. Box 45154
Abu Dhabi 
United Arab Emirates
 
Tel:
+971 2-418-5300
 
Fax:
+971 2-677-6628
 
Email:
alwathba@awnic.com
 
Website:
www.awnic.com

 
 
 Major Shareholders  Section Updated: 28Mar11
Name   Type  Country  Holding 
Saif Darwish Ahmad Saif Al Ketbi  Private UAE 19.16% 
Al Sakr United Group  Corporate UAE 13.22% 
Ali Rashed Nasser Al Omeira  Private UAE 11.62% 
Rashed Darwish Ahmad Saif Al Ketbi  Private UAE 9.27% 
Abu Dhabi Cooperative Society  Corporate UAE 7.21% 
Mohammed Ahmad Mohammed Saeed Al Qassimi  Private UAE 5.68% 
Ahmad Ali Khalfan Rashed Al Mutawaa Al Dhaheri  Private UAE 5.25% 
Public   - 28.59% 
 
 
 Foreign Ownership Limits
 
Owned Permitted
100%
Nationals
 
0%
GCC Nationals
 
0%
Other Arabs
 
0%
Foreigners
 
0%
GCC Nationals
 
0%
Foreigners
 
 
 
 Direct Investments and Related Entities 
Investments
Name  Country  Holding 
Arab Life and Accident Insurance Company Jordan 1.23%
 
 
 Representatives
Auditors
Ernst and Young Abu Dhabi  
Banks
First Gulf Bank Union National Bank
National Bank of Abu Dhabi  
Law Firms
Ibrahim Al Moulla Law Office Hussein Luttah Law Office
Emirates International Bu Jessaim and Al Maliki Law Office
Gargash Law Firm  
 
 
 Financial Results  31-Dec-09  31-Dec-10   Yr on Yr 
  AED'000 AED'000 change (%)
Total revenues  104,494 0 (100.00)
Net profit  12,885 14,185 10.09
Total assets 990,112 958,193 (3.22)
Paid-up capital 120,000 120,000 0.00
Shareholders' Equity 476,647 442,274 (7.21)
Shares outstanding 120,000 120,000 0.00
Market capitalization   746,400 N/A
» View Full Financials
 
 
 
 
 
 

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Company information provided by © 2012 Zawya.

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