Stock ADNIC ABU DHABI NATIONAL INSURANCE COMPANY
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Company Abu Dhabi National Insurance Company

Equities

ADNIC

AEA001101012

Property & Casualty Insurance

Market Closed - Abu Dhabi Securities Exchange
Other stock markets
 06:10:45 2024-04-29 am EDT 		5-day change 1st Jan Change
5.79 AED -0.34% Intraday chart for Abu Dhabi National Insurance Company -1.03% -3.02%
Apr. 18 Abu Dhabi National Insurance Co. Closes Acquisition of $133 Million Stake in Allianz Saudi MT
Apr. 17 Abu Dhabi National Insurance Company PJSC (ADX : ADNIC) completed the acquisition of 51% stake in Allianz Saudi Fransi Cooperative Insurance Company (SASE : 8040) from Allianz Europe B.V., Allianz France SA and Allianz MENA Holding Bermuda Limited. CI

Business Summary

Abu Dhabi National Insurance Company PSC (ADNIC) is a United Arab Emirates-based public shareholding company engaged in the provision of all classes of insurance and reinsurance products and services. The Company is organized into two main business segments: Underwriting of marine insurance business, covering all classes of general insurance, including marine cargo hull and aviation, and Underwriting of non-marine insurance business, which covering all classes of insurance, including fire, engineering, general accident, motor and medical. The Company’s products are categorized into three types: Personal Insurance offers a range of personal/individual insurance policies; Business Insurance offers a set of insurance for a range of assortment of business insurance needs, and Overseas Insurance offers a range of insurance products for the Company’s overseas clients.

Number of employees: 479

Sales per Business

AED in Million2022Weight2023Weight Delta
Commercial
58.5 %
602 35.0 % 2,713 58.5 % +350.68%
Consumer
41.5 %
1,119 65.0 % 1,927 41.5 % +72.25%

Sales per region

AED in Million2022Weight2023Weight Delta
United Arab Emirates
100.0 %
1,721 100.0 % 4,641 100.0 % +169.65%

Managers

Managers TitleAgeSince
Elena Stukanova DFI
 Director of Finance/CFO - -
Yousuf Amin COO
 Chief Operating Officer - -
Anil Dixit CIO
 Chief Investment Officer - -
Mohamed Hussein Barakat IRC
 Investor Relations Contact - -
Stefano Nalin PRN
 Corporate Officer/Principal - 20-07-31

Members of the board

Members of the board TitleAgeSince
Sultan Rashed Saeed Al-Dhaheri BRD
 Director/Board Member 91 73-12-31
Mohammed bin Saif bin Mohamed Al-Nahyan CHM
 Chairman 45 03-12-31
Omar Liaqat BRD
 Director/Board Member - 15-12-31
Abdulrahman Hamad Al-Mubarak BRD
 Director/Board Member - 15-12-31
Mohamed Al-Otaiba BRD
 Director/Board Member - 09-12-31
Theyab Al-Nehayan BRD
 Director/Board Member - 09-12-31
Hamoodah Ghanem bin Hamoodah BRD
 Director/Board Member - 15-12-31
Hazza Mohamed Rubayea Al-Mheiri BRD
 Director/Board Member - -
Futoon Hamdan Al-Mazrouei BRD
 Director/Board Member - -

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 570,000,000 301,832,100 ( 52.95 %) 0 52.95 %

Shareholders

NameEquities%Valuation
Abu Dhabi Investment Council (Investment Management)
24.77 %
141,171,740 24.77 % 250 M AED
Khalaf bin Ahmed Al-Otaiba
10.11 %
57,640,139 10.11 % 102 M AED
Sbr Investments LLC
6.867 %
39,140,760 6.867 % 69 M AED
Sultan bin Tahnoon Al-Nahyan
5.300 %
30,209,952 5.300 % 53 M AED
Dimensional Fund Advisors Ltd.
0.005586 %
31,843 0.005586 % 56 364 AED
DFA Australia Ltd.
0.000189 %
1,077 0.000189 % 1 906 AED

Company contact information

Abu Dhabi National Insurance Co. PSC

Building No. 403

, Abu Dhabi

+971 2 408 0100

http://www.adnic.ae
address Abu Dhabi National Insurance Company(ADNIC)

Sector

Financials
Insurance
Insurance
Property & Casualty Insurance
Other Property & Casualty Insurance

Sales per Business

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
5.81 AED
Average target price
8.78 AED
Spread / Average Target
+51.12%
Consensus

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Property & Casualty Insurance

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Other Property & Casualty Insurance
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