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Dubai: National General Insurance (NGI) announced a net profit of Dh6.9 million for the year 2001 and declared a five per cent cash dividend, amounting to Dh. 3 million for its shareholders just eight months after going public.
Khalid Jassim bin Kalban, Chairman of NGI, expressed his satisfaction over the company's financial success and its ability to pay shareholders a dividend a brief period after going public.
"These results prove that our investors' trust in NGI is well-founded. The company has embarked on a phase of solid in growth in line with its vision and mission to bring our customers superior insurance products that not only meet but exceed their expectations," he said.
The company achieved a 15.5 per cent growth in premium income in 2001 - from Dh37.7 million in 2000 to Dh43.5 million last year. Over the past five years, from 1996 to 2001, NGI has achieved a 41 per cent compound growth rate. The earning per share of face value AED April 10, 2002.
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