Dubai Insurance reelects Chairman, Vice Chairman

Dubai Insurance’s board approved Q1-21 financials

  
A trader uses a computer at the Doha Stock Exchange in Doha, Qatar, January 8, 2020. Image used for illustrative purpose

A trader uses a computer at the Doha Stock Exchange in Doha, Qatar, January 8, 2020. Image used for illustrative purpose

REUTERS/Naseem Zeitoon
Dubai –  Dubai Insurance Company announced the reelection of Buti Obaid Almulla as the Chairman of the board, according to a bourse filing on Thursday.

The company has also reelected Vice Chairman Marwan Abdulla Al Rostamani.

During its meeting on 28 April, Dubai Insurance’s board approved the income statements of the first quarter (Q1) of 2021.

Last year, the UAE insurance firm posted an annual decline of 27.3% in net profits to AED 55 million. The board back then proposed a dividend distribution representing 35% of the paid-up capital.

Source: Mubasher

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