Profits

NEWS DESK

Investors earn record AED60 billion profits from Dubai’s re-sale property market

News Desk 1 16/01/2025 0

Investors in Dubai real estate notched up record profits of almost AED60 billion from the re-sale market last year. A report released by fäm Properties today showed the secondary market generated capital gains of AED 59.7 billion in 2024, representing 32% of Dubai’s all-time high total re-sale

NEWS DESK

Saudi Reinsurance Company “Saudi Re” Reports 351% Increase in Profits

News Desk 1 31/10/2024 0

The Saudi Reinsurance Company “Saudi Re” has announced its financial results for the nine months ending September 30, 2024. The company achieved a net profit after zakat of SAR 475 million, marking an impressive increase of 351% compared to the same period last year. The financial results also highlighted a significant rise in total written […]

NEWS DESK

Orient Insurance records significant 10 per cent increase in profits

News Desk 1 08/08/2024

Orient Insurance, a prominent insurance company in the Middle East and a subsidiary of Al-Futtaim Group, achieved exceptional financial outcome during the first half of 2024, recording AED 416 million in net profit as compared to AED 377 million during the corresponding period last year, signifying a 10 per cent growth. Furthermore, the company witnessed […]

NEWS DESK

SALAMA reports profits of AED 17.58 million in Q1 2024

News Desk 2 15/05/2024

Islamic Arab Insurance Company (DFM listing: “SALAMA”), UAE’s largest Takaful solutions provider, has reported topline growth with a profit of AED 17.58 million in its first quarter (Q1) results of 2024 today. Continuing in its growth trajectory, SALAMA’s profit increased by 118%, compared to AED 8.04 million in Q1 2023. Takaful revenue recorded at AED […]