ALAIN
Abu Dhabi-Mubasher: Al Ain Al Ahlia Insurance posted net earnings of AED 64.95 million ($17.7 million) for FY2014, compared with AED 42.177 million ($11.5 million) a year earlier, an increase of 54%.
The earnings per share rose by 54% from AED 2.81 to AED 4.33.
The insurer posted AED 2.8 million losses for Q4, against AED 0.817 million net profit the same period of last year.
The board recommended cash dividend for FY2014 at 35% of the stock par value, or AED 10 per share.
Photo Credit: Arabianeye-Reuters