12th Feb 2008 13:19
Arab Insurance Group (B.S.C.)12 February 2008 Preliminary Results (unaudited) of Arab Insurance Group (B.S.C) General Information : Name of the company : Arab Insurance Group (B.S.C.) Establishment date : 19 April 1980 Paid up capital : US$ 220,000,000 Subscribed capital : US$ 220,000,000 Authorized capital : US$ 500,000,000 Chairman of the Board : Khalid A. Al Bustani Managing Director : Yassir Albaharna, Chief Executive Officer Name of the external auditor : KPMG, Bahrain Mailing address : P.O. Box 26992, Manama, Kingdom of Bahrain Tel : +973 17 544444 Fax : +973 17 531155 E - mail : [email protected] Preliminary Results (unaudited) (US Dollar '000) : 2006 2007 1-Total Assets 930,176 1,049,808 2- Shareholders Equity 293,396 298,056 3- Revenues 166,304 249,966 4- Net Operating Profit 30,366 23,273 5- Net profit for the period 30,366 23,273 6- Earnings per share 0.14 0.11 7-Summary of the company's performance for the last fiscal year. Arig recorded a net profit of USD 23.3 million in 2007 as compared to net profitof USD 30.4 million in 2006. Net profit for 2006 included non-recurring revenuesof USD 10.4 million relating to a warranty claim. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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