Principal Activities
Provides non-life and life insurance services; reinsurance services.
Date of Establishment Year
1996 (September)
No of Employees
N/A (150 Company, N/A Group, N/A Headquarters) (As of Nov 30, 2011)
|
Address:
Villa Number 51 Delma Street Number 13 P.O. Box 73343 Abu Dhabi
United Arab Emirates
Tel: +971 2-676-7000 +971 2-696-9700 Fax: +971 2-676-8500 +971 2-641-7998 Email:
khazna@emirates.net.ae
Website:
www.alkhazna.com
|
Major Shareholders  |
Section Updated: 30Nov11
|
|
|
|
|
|
|
Engineering and Contracting Company for Oil and Gas Works
|
Corporate |
UAE |
6.69% |
|
Suleiman Ahmad Said Al Hoqani
|
Private |
UAE |
6.62% |
|
Ocha Hamad Eid
|
Private |
UAE |
5.14% |
|
Hazaa Mohammed Abdulaziz Rabih Chahine Al Mohairi
|
Private |
UAE |
5.00% |
|
Public
|
|
- |
76.55% |
Foreign Ownership Limits
Section Updated: 23Dec09
99%
Nationals
0%
GCC Nationals
1%
Other Arabs
0%
Foreigners
25%
GCC Nationals
25%
Foreigners
|
| Direct Investments and Related Entities |
| Subsidiaries/Associates/Affiliates |
|
|
|
|
| Academy for Investments |
UAE |
100.00% |
| Academy for Tourism and Holidays |
UAE |
100.00% |
| Al Khazna Real Estate |
UAE |
100.00% |
| First Deal Real Estate |
UAE |
100.00% |
| IT Academy |
UAE |
100.00% |
| Modern Academy Administrative Training |
UAE |
100.00% |
| National Publishers |
UAE |
100.00% |
| Pearl Capital Investments |
UAE |
100.00% |
| Real Estate Academy for Training |
UAE |
100.00% |
| Tadawel Electronics Solutions |
UAE |
100.00% |
| Under Writing Electronic Solutions |
UAE |
100.00% |
| The Best Tenants |
UAE |
99.95% |
|
| Investments |
|
|
Auditors
| PricewaterhouseCoopers UAE |
|
Banks
Law Firms
| Ali H Ghosheh and Partners |
|
| Financial Results |
31-Dec-09 |
31-Dec-10 |
Yr on Yr |
| |
AED'000 |
AED'000 |
change (%) |
Total revenues  |
287,173
|
236,673
|
(17.58) |
| Net profit |
19,243
|
(106,845)
|
(655.25) |
| Total assets |
1,284,425
|
1,199,604
|
(6.60) |
| Paid-up capital |
400,000
|
400,000
|
0.00 |
| Shareholders' Equity |
709,956
|
623,683
|
(12.15) |
| Shares outstanding |
400,000
|
400,000
|
0.00 |
| Market capitalization |
384,000
|
312,000
|
(18.75) |
|
- 4.26%
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