Abu Dhabi National Insurance Company (ADNIC), one of the leading regional multi-line insurance providers for both corporates and individuals, delivered a remarkable performance during 2024, with the highest ever reported total Insurance Revenue as well as overall Net Profit, driven by a robust
Tax
Effective January 1, 2025 Oman—the oldest independent state in the Arab world—introduced a minimum top-up tax (DMTT) of 15% on multinational companies effective January 1, 2025, following a royal decree issued by Sultan Haitham bin Tariq. The tax applies to multinationals with consolidated annual revenue exceeding $779.2 million. However, after a recent meeting of its […]
Abu Dhabi National Insurance Company (ADNIC), one of the leading regional multi-line insurance providers for both corporates and individuals, continues to deliver outstanding performance, with a net profit before tax of AED 342.5 million for the first nine months of 2024, highlighting the company’s solid financial performance and successful execution of key strategic