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Home > Issuers > Listed Securities > Securities > Company Profile Page

Dubai Islamic Insurance and Reinsurance Co.

AMAN
0.813
-0.007
-0.850%
Summary Period

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  • Market: DFM
  • Symbol: AMAN
  • ISIN: AED000401011
  • Sector: Insurance

Company Brief

Dubai Islamic insurance & Reinsurance Company (AMAN) (PSC) (the “Company”) is a public shareholding Company and is registered under the Commercial Companies Law of 1984 (as amended).

The Company carries out general Takaful (insurance) business in accordance with the teachings of Islamic Sharia’a. The Company is also licensed to engage in reinsurance and life Takaful business.

The Company obtained its commercial license on 12 March 2003 and commenced operations on 8 April 2003. The Company mainly issues short term Takaful contracts in connection with motor, marine, fire and engineering, general accident risks and Company life and medical risks (collectively known as general Takaful). The Company also invests in investment securities and properties. The Company’s business activities are subject to the supervision of its Fatwa and Sharia’a Board consisting of nine members appointed by the shareholders, the Sharia’a Board performs a supervisory role in order to determine whether the operations of the Company are conducted in accordance with Sharia’a rules and principles.

Key Facts

ESTABLISHED

Mar 15, 2003

AUDITOR

Deloitte & Touche (M.E)

FISCAL YEAR END

DECEMBER

REGISTRAR

Dubai Islamic Insurance & Reinsurance

Board Members

CHAIRMAN

Mr. Mohamed Omeir Yousef Ahmed Al Mehairi

MEMBERS

Dr. Mohamed Ali Khamis Mohamed Alhosani
Mr. Moubarak AlShamsi
Mr. Nasser Falah Homood Jarra Al Qahtani
Mr. Abdulrahman Ahmed Sinan

Top Management

GENERAL MANAGER

Mr. Jihad Feitrouni

ASSISTANT GENERAL FINANCE AND ADMINISTRATION

Mr. Basel AlKfeiry

ASSISTANT GENERAL DEVELOPMENT AND MARKETING

Mr. Ali El Ostah

ASSISTANT GENERAL MANAGER OPERATIONS

Mr. Rashed Diab

 

Equity Profile

DATE OF LISTING

Jul 19, 2004

SECTOR

Insurance

AUTHORIZED CAPITAL

225,750,000.00 AED

ISSUED SHARES

225,750,000.00

PER VALUE SHARE

1.00 AED

Subsidiaries

NOWAT Investments LLC UAE 99.00 %

Contact Details

Head Office

Dubai

Address

Oud Metha - Gulf Towers Bloc B1 Mezannine Floor P.O. Box 157, Dubai - UAE

Phone No.

+9714 319 3111

Fax No.

(9714) 319 3112

Email address:

info@aman.ae

Website

http://www.aman.ae

Showing Last 10 Disclosures - AMAN View all
AMAN 14-11-2017 03:07 AM

Interim condensed consolidated financial statements for the 3rd QTR of 2017

1 File(s)
AMAN 08-11-2017 09:25 AM

Notification from the company

1 File(s)
AMAN 30-09-2017 10:30 AM

Financial statements for the 3rd QTR of 2017

1 File(s)
AMAN 21-08-2017 09:29 AM

Results of BOD meeting

1 File(s)
AMAN 14-08-2017 08:52 AM

BOD meeting

1 File(s)
AMAN 10-08-2017 02:49 AM

Interim condensed consolidated financial statements for the 2nd QTR of 2017

1 File(s)
AMAN 30-06-2017 10:30 AM

Financial statements for the 2nd QTR of 2017

1 File(s)
AMAN 16-05-2017 08:36 AM

Interim condensed consolidated financial statements for the 1st QTR of 2017

1 File(s)
AMAN 16-05-2017 07:30 AM

Financial statements for the 1st QTR of 2017

1 File(s)
AMAN 15-05-2017 10:38 AM

Results of BOD meeting including preliminary financial results for the 1st QTR of 2017

2 File(s)
Showing Last 10 Issuer News - AMAN View all
No data could be found.
Showing Last 10 Financial Reports - AMAN View all
AMAN 30-09-2017 10:30 AM

Financial statements for the 3rd QTR of 2017

1 File(s)
AMAN 30-06-2017 10:30 AM

Financial statements for the 2nd QTR of 2017

1 File(s)
AMAN 16-05-2017 07:30 AM

Financial statements for the 1st QTR of 2017

1 File(s)
AMAN 31-03-2017 10:30 AM

Financial statements for the year of 2016

1 File(s)
AMAN 30-09-2016 10:30 AM

Financial statements for the 3rd QTR of 2016

1 File(s)
AMAN 30-06-2016 12:31 AM

Financial statements for the 2nd QTR of 2016

1 File(s)
AMAN 01-05-2016 10:30 AM

Financial statements for the 1st QTR of 2016

1 File(s)
AMAN 10-04-2016 03:30 AM

Financial statements for the year of 2015

1 File(s)
AMAN 12-11-2015 03:59 AM

Financial statements for the 3rd QTR of 2015

1 File(s)
AMAN 09-08-2015 03:30 AM

Financial statements for the 2nd QTR of 2015

1 File(s)
Showing Last 10 General Meetings - AMAN View all
Meeting Date/TimeApr 30, 2017 04:00:00 PMType of MeetingGeneral Assembly
Net Profit/Loss(19,671,641)Cash Dividend
Bonus Share
Announcements/Resolutions

1.      Approval of the Board of Directors' report for the company's activity and its financial position for the financial year ended on31/12/2016.

2.      Approval of the Fatwa and Shariah Supervisory Board's report about the company's business for the financial year ended on 31/12/2016.

3.      Approval of the auditors' report for the balance sheet and profit and loss account for the financial year ended on 31/12/2016

4.      Approval of the company’s balance sheet and profit and loss account for the financial year ended on 31/12/2016

5.      Release and discharge of the Board of Directors from liability for their missions during the financial year ended on 31/12/2016.

6.      Release and discharge of auditors from liability of their works during the financial year ended on 31/12/2016.

7.      The approval of appointing M/s Deloitte & Touch Company as auditors of the financial year 2017 and determining an amount of AED 385,000.00(only three Hundred and eighty Five Thousand Dirham) as their fees.

8.      The approval to write off part of the accumulated losses through the reserves :

         Legal Reserves     18,729,615 AED

         General Reserves  18,729,615 AED

         With a total of37,459,230 AED to decrease the accumulated losses from 118,029,974 AED to80,570,744 AED which means 35,69 % from the company’s capital .

9.       The approval for continuity of the Company and the consent on the recommended corrective plan.

Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueDubai Chamber
1 File(s)
Meeting Date/TimeJun 29, 2016 01:00:00 PMType of MeetingAnnual General Meeting
Net Profit/Loss1,844,910 Cash Dividend
Bonus Share
Announcements/Resolutions

1.  The company’s new draft Articles of Association, in accordance with Federal Law No.2 of 2015 on Commercial Companies, was unanimously approved.

2. The proposed amendments in the draft Articles of Association, concerning the percentage of ownership allowed to UAE nationals, GCC nationals and foreigners,in accordance with applicable laws and regulations in force, were unanimously approved.

3.  The proposed amendments in the draft Articles of Association, concerning the powers and authorities of the Board of Directors, were unanimously approved.

Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueDubai Chamber
2 File(s)
Meeting Date/TimeApr 14, 2016 04:00:00 PMType of MeetingAnnual General Meeting
Net Profit/Loss1,844,910Cash Dividend
Bonus Share
Announcements/Resolutions

1.     Approval of the Board of Directors' report for the company's activity and its financial position for the financial year ended on 31/12/2015.

2.     Approval of the Fatwa and Shariah Supervisory Board's report about the company's business for the financial year ended on 31/12/2015.

3.     Approval of the auditors' report for the balance sheet and profit and loss account for the financial year ended on 31/12/2015

4.     Approval of the company’s balance sheet and profit and loss account for the financial year ended on 31/12/2015

5.     Appointment of internal Shariah Supervisory board members for 2016 as follows:

a.       Dr. Hussain Hamid

b.      Dr. Mohamed Zoir.

c.       Dr. AzzAldin Bin Zugiba.

6.     The approval of the Board of Directors resolution in respect of non-distribution of the profits for the financial year ended on 31/12/2015 and moving such profits to the next years.

7.     Release and discharge of the Board of Directors from liability for their missions during the financial year ended on 31/12/2015.

8.     Release and discharge of auditors from liability of their works during the financial year ended on 31/12/2015.

9.     The approval of appointing M/s Deloitte & Touch Company as auditors of the financial year 2015 and determining an amount of AED 475,000.00 (only Four Hundred and Seventy Five Thousand Dirham) as their fees.

10.  Election of new Board of Directors members for the next 3 years as follows:

a.       Mr. Mohamed Omeir Bin Yousef Al Meheiri.

b.      Mr. Nassir Flah Al Qhtani.

c.       Dr. Abdullah Saad Al Khanbahsi.

d.      Dr. Mohamed Ali Al Hosni.

e.       Mr. Abdul Rahman Ahmed Senan.    

Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueDubai Chamber
1 File(s)
Meeting Date/TimeApr 14, 2016 04:00:00 PMType of MeetingAnnual General Meeting
Net Profit/Loss1,844,910Cash Dividend
Bonus Share
Announcements/Resolutions

1.     Approval of the Board of Directors' report for the company's activity and its financial position for the financial year ended on 31/12/2015.

2.     Approval of the Fatwa and Shariah Supervisory Board's report about the company’s business for the financial year ended on 31/12/2015.

3.     Approval of the auditors' report for the balance sheet and profit and loss account for the financial year ended on 31/12/2015

4.     Approval of the company’s balance sheet and profit and loss account for the financial year ended on 31/12/2015

5.     Appointment of internal Shariah Supervisory board members for 2016 as follows:

        Dr. Hussain Hamid

        Dr. Mohamed Zoir.

        Dr. AzzAldin Bin Zugiba.

6.     The approval of the Board of Directors resolution in respect of non-distribution of the profits for the financial year ended on 31/12/2015 and moving such profits to the next years.

7.     Release and discharge of the Board of Directors from liability for their missions during the financial year ended on 31/12/2015.

8.     Release and discharge of auditors from liability of their works during the financial year ended on 31/12/2015.

9.     The approval of appointing M/s Deloitte & Touch Company as auditors of the financial year 2015 and determining an amount of AED 475,000.00 (only Four Hundred and Seventy Five Thousand Dirham) as their fees.

10.  Election of new Board of Directors members for the next 3 years as follows:

        Mr. Mohamed Omeir Bin Yousef Al Mheiri.

        Mr. Nassir Flah Al Qhtani.

        Dr. Abdullah Saad Al Khanbahsi.

        Dr. Mohamed Ali Al Hosni.

        Mr. Abdurrahman Ahmed Senan.    

Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueDubai Chamber
2 File(s)
Meeting Date/TimeApr 20, 2015 04:30:00 PMType of MeetingAnnual General Meeting
Net Profit/Loss2,243,571Cash Dividend
Bonus Share
Announcements/Resolutions

1.   Approval of the Board of Directors' report for the company's activity and its financial position for the financial year ended on 31/12/2014.

2.   Approval of the Fatwa and Shariah Supervisory Board's report about the company's business for the financial year ended on 31/12/2014.

3.   Approval of the auditors' report for the balance sheet and profit and loss account for the financial year ended on 31/12/2014

4.   Approval of the company’s balance sheet and profit and loss account for the financial year ended on 31/12/2014

5.   The approval of the Board of Directors resolution in respect of non-distribution of the profits for the financial year ended on 31/12/2014 and moving such profits to the next years.

6.   Release and discharge of the Board of Directors from liability for their missions during the financial year ended on 31/12/2014.

7.   Release and discharge of auditors from liability of their works during the financial year ended on 31/12/2014.

8.   The approval of appointing M/s Deloitte & Touch Company as auditors of the financial year 2015 and determining an amount of AED 390,000.00 (only Three Hundred and Ninety Thousand Dirham) as their fees.

Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueDubai Chamber - Floor 13
1 File(s)
Meeting Date/TimeApr 25, 2013 04:30:00 PMType of MeetingAnnual General Meeting
Net Profit/Loss6,024,933.00Cash Dividend0%
Bonus Share0%
Announcements/Resolutions

The ratification of the report of the Board of Directors on the company's activity 31/12/2012
Not to ratify the report of the Fatwa and Sharia Supervisory about the company's business during the financial year ended 31/12/2012
The report of the auditors on the balance sheet and profit and loss account for the year ended 31/12/2012 and ratifying
Discussion and adoption of the balance sheet and calculate gains and losses for the year ended 31/12/2012
Consideration of the Governing Council on the proposal not to distribute dividends for the year 2012 and carried over for the coming years
Not to ratify Discharge of the members of the Board of Directors for the financial year ended 31/12/2012
The ratification of the discharge of auditors for the financial year ended 31/12/2012
Assigned to the company's auditors for the financial year 2013 and determine their
fees

Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueEmirates Towers - Hall Jawduelfen
1 File(s)
Meeting Date/TimeMar 21, 2012 04:30:00 PMType of MeetingAnnual General Meeting
Net Profit/Loss(12,902,722) AEDCash DividendN/A
Bonus ShareN/A
Announcements/ResolutionsReview the report of the Board of Directors for the company's activity and its financial position for the financial year ended 31/12/2011 and ratified - Review the report of the Fatwa on the work of the company during the financial year ended 31/12/2011- Review the auditors' report on the balance sheet and profit and loss account for the financial year ended 13/12/2011 and ratified - Discussion and adoption of the balance sheet and profit and loss account for the financial year ended 31/12/2011- Discharge of the Board of Directors and auditors for their actions during the year ended 31/12/2011- Appointment of auditors for the fiscal year 2012 and determine their fees - Election of Board of Directors
Last Date For Dividend EntitlementN/AEx-Dividend DateN/A
Register Closing (Settlement) DateN/ATrading Suspension DateN/A
Trading Resuming DateN/ADividends Payment Date
Payment EntityMeeting VenueEmirates Towers - Godolphin Hall
1 File(s)
Meeting Date/TimeMar 22, 2011 05:10:00 PMType of MeetingAnnual General Meeting
Net Profit/LossAED 21,177,774Cash Dividend
Bonus Share7.5%
Announcements/Resolutions- Approved Directors and auditor’s report for the year ended 31/12/2010 - Approved on the consolidated financial statements for the year ended 31/12/2010 – Approved to distribute 7.5% bonus shares - Approved on the Shari’a Supervisory Board’s report for the year ended 31/12/2010 - Absolved the members of the Board of Directors and the auditors from responsibilities for the year ended 31/12/2010 – appoint external auditors for the Financial Year 2011 – Approved the remuneration of the BOD for the year ended 31/12/2010
Last Date For Dividend Entitlement30/03/2011Ex-Dividend Date31/03/2011
Register Closing (Settlement) Date03/04/2011Trading Suspension Date
Trading Resuming DateDividends Payment Date03/04/2011
Payment EntityMeeting VenueEmirates Towers
Meeting Date/TimeMar 23, 2010 04:30:00 PMType of MeetingExtraordinary Meeting
Net Profit/LossAED 863,417Cash Dividend
Bonus Share
Announcements/Resolutions- Approved Causing the necessary amendments on article 30 & 31 from Memorandum of Association – Approved adding new Article to the Memorandum of Association
Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueEmirates Towers
Meeting Date/TimeMar 16, 2010 03:00:00 PMType of MeetingAnnual General Meeting
Net Profit/LossAED 863,417Cash Dividend
Bonus Share5%
Announcements/Resolutions- الموافقة على تقرير مجلس الإدارة و تقرير مراجعين الحسابات عن السنة المالية المنتهية في 31/12/2009 - الموافقة على تقرير هيئة الفتوى و الرقابة الشرعية - الموافقة على الميزانية العمومية و حساب الأرباح و الخسائر عن السنة المالية المنتهية في 31/12/ 2009- إبراء ذمة أعضاء مجلس الإدارة و مدققين الحسابات من المسؤولية عن السنة المالية المنتهية في 31/12/2009 - الموافقة على تعيين مدققين الحسابات للسنة المنتهية 31/12/2010 و تحديد أتعابهم
Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueEmirates Towers
Top ShareholdersLast Refreshed at: 16 November 2017

Individual Investors

ShareholdersPercentage
MOHAMED OMEIR YOUSUF AHMED ALMEHIRI 7.41%
KHALIF MOHAMED OMEIR YOUSEF ALMHEIRI 5.74%

Service error.

Foreign Investments View all
National GCC Arab Other Nationalities
Country of Origin Actual Permitted Actual Permitted Actual Permitted Actual Permitted As of Date:
United Arab Emirates 86.5% 100% 1.25% 15% 8.91% 15% 3.34% 15% 16-11-2017
Showing Last 10 Corporate Governance Reports - AMAN View all
  • 04-04-2017

    AMAN_CGR_2016

  • 22-03-2015

    Corporate Governance Report AMAN 2015

  • 01-01-2013

    Corporate Governance Report AMAN 2013

  • 01-01-2011

    Corporate Governance Report AMAN 2011

Showing Corporate Actions - AMAN View all
Year2011Corporate Action TypeBonus Shares Issue
Last Date For Action Entitlement3/3/2011Ex-Dividend Date3/31/2011
Register Closing (Settlement) Date4/3/2011Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) Date4/3/2011
Corporate Action DetailsIssue 7.5% bonus shares as agreed at the AGM held on 22/03/2011 leading the number of shares reaches 225,750,000
Year2010Corporate Action TypeBonus Shares Issue
Last Date For Action Entitlement3/24/2010Ex-Dividend Date3/25/2010
Register Closing (Settlement) Date3/28/2010Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) Date3/28/2010
Corporate Action DetailsIssue 05% bonus shares as agreed at the AGM held on 16/03/2010 leading the number of shares reaches 210,000,000
Year2008Corporate Action TypeCash Dividends Distribution
Last Date For Action Entitlement4/8/2008Ex-Dividend Date4/9/2008
Register Closing (Settlement) Date4/10/2008Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribute 10% cash dividends as agreed in their AGM held on 31/03/2008.
Year2006Corporate Action TypeStock Split
Last Date For Action Entitlement4/5/2006Ex-Dividend Date4/6/2006
Register Closing (Settlement) Date4/8/2006Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) Date4/8/2006
Corporate Action DetailsIssue bonus shares in the ratio of (15%) activated as agreed at the Annual General Meeting held on 29/03/2006. Number of shares becomes 6,903,529.
Disclaimer
  • Ownership percentage is subject to change based on several reasons including the following:
    1. Trading activity.
    2. Off-Market Transactions such as family and inheritance transfers.
    3. Changes in the nationality status of investors.
    4. Securities deposits and withdrawals to and from DFM for Dual listed companies.
    5. Capital increase by issuing new shares to a strategic investor.
    6. Converting Bonds into shares.
    7. Equity added to the equity of the associated group.
    8. Direct Deals.

 

Percentages are updated daily after 4 pm
Disclaimer
The above published Ownership Percentages:
  • Are updated daily at the end of every trading day based on date of trade and not settlement date.

  • The ownership percentages are rounded off to 2 decimal places

  • Ownership percentages are subject to change due to the following:

    1. Trading activities.

    2. Off-Market Transactions such as family and inheritance transfers.

    3. Changes in the nationality status of investors.

    4. Securities deposits and withdrawals to and from DFM for Dual listed companies.

    5. Capital increases, by issuing new shares to Strategic investor

    6. Converting bonds or Sukuk into shares.

    7. Changes of associated group’s ownership.

    8. Direct Deals. (The ownership percentage is changed immediately after the execution of the deal).

    9. Failed trade settlement.


DISCLAIMER

The information provided in this document is only available in Arabic due to the (Dubai court attestations only being in Arabic herein after referred thereto as (“Information”) is provided by way of general information and comment only. While reasonable care has been taken in producing this Information, changes in circumstances may occur at any time and may impact on the accuracy of the Information. The Information does not constitute professional advice or provision of any kind of services and should not be relied upon as such.  Dubai Financial Market (“DFM”) and/or its affiliates, officers or employees,  does not give any warranty or representation as to the accuracy, reliability, timeliness or completeness of the Information now or in the future. DFM shall not be liable for any loss suffered, directly or indirectly by any person acting in reliance upon the Information contained herein. 


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