Emirates .. Abu Dhabi National Insurance shares rise to the highest level in 8 months

The shares of Abu Dhabi National Insurance Company, which is circulated on the Abu Dhabi Stock Exchange, increased by 1.37%, in the middle of the trading session today, Thursday, to circulate at the price of 6.69 dirhams per share, achieving its highest level in 8 months.

The share of Abu Dhabi National Insurance Company was traded at that time at 297.84 thousand shares, with a value of trading 1.99 million dirhams.

The highest price for the share at that time was at 6.70 dirhams per share, while the share price was at 6.57 dirhams per share.

The stock touted its highest price in 8 months and 27 days.

In a separate context, Abu Dhabi National Insurance Company recorded a remarkable growth in its financial results for the year 2024, as the net profits after the tax increased by 4.57% to reach 419.5 million dirhams, compared to 401.16 million dirhams in 2023.

The net profit before the tax reached 466.4 million dirhams, achieving annual growth of 16.3%.

The total assets of the company increased by 52.9% to 11.8 billion dirhams, while shareholders ’rights increased by 20.6% on an annual basis, reaching 3.5 billion dirhams on December 31, 2024.

It should be noted that Abu Dhabi National Insurance Company (ADNEC) is a public joint stock company listed in the Abu Dhabi Securities Market since July 2003, and it has been working in the insurance sector with a focus on multi -lines insurance.