In its statement to the Dubai Financial Market (DFM), Al Sagr National Insurance Co. (ASNIC) reported its financial results for the first half of 2014, during which it saw net profit rise to AED 84.3 million, compared to AED 19.5 million during the same period a year earlier, recording a massive growth by 332.3%.

ASNIC also reported a profit during its second quarter of 2014, after achieved a net profit of AED 51.2 million, compared to a net loss of AED 3.3 million in Q2-13.