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01 january 2014
Home > Issuers > Listed Securities > Securities > Company Profile Page

Al Sagr National Insurance Company

ASNIC
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  • Market: DFM
  • Symbol: ASNIC
  • ISIN: AEA002101011
  • Sector: Insurance

Company Brief

Country of Origin: United Arab Emirates (U.A.E)

Al-Sagr National Insurance Company (Public Shareholding Company), Dubai (the “Company”) was incorporated on 25 December 1979 as a public shareholding company by an Emiri Decree from His Highness, The Ruler of Dubai, and is registered with the Ministry of Economy of the United Arab Emirates under registration No. (16). The principal activity of the Company is writing of insurance of all types. The Company operates through its Head Office in Dubai and its branches in Dubai, Sharjah, Abu Dhabi, Al Ain, Ras Al Khaima and Ajman in the U.A.E.

Key Facts

ESTABLISHED

Dec 25, 1979

AUDITOR

KPMG

FISCAL YEAR END

DECEMBER

REGISTRAR

Al Sagr National Insurance Co

Board Members

CHAIRMAN

Mr. Majed Abdulla Juma Al Sari

DEPUTY

Mr. Khalid Abdullah Omran Tariam

MEMBERS

Mr. Amjad Mohd Yusri Al Dweik
Mr. Sami Shakhshir
Mr. Mohamad Ali Al Sari

Top Management

GENERAL MANAGER
Mr. Ayman El Hout

DIRECTOR AND CHIEF EXECUTIVE OFFICER

Mr. Sami Shakhshir

ASSISTANT GENERAL MANAGER - FINANCE AND ADMINISTRATION

Mr. John Mathai

Equity Profile

DATE OF LISTING

Dec 5, 2005

SECTOR

Insurance

AUTHORIZED CAPITAL:

230,000,000.00 UAE Dirham

ISSUED SHARES

230,000,000.00

PER VALUE SHARE

1.00 UAE Dirham

Subsidiaries

Jordan Emirates Insurance Company Hashemite Kingdom of Jordan  92.83%
Al Sagr Co-operative Insurance Company Dammam 20.00 %

Contact Details

Head Office:

Dubai

Address:

Al Sagr Insurance Building
Diplomatic Area, Al Seef Road, Bur Dubai

Phone No.

+971 4 3968440  

Fax No.
+971 4 3968442

Email address:

asnic@emirates.net.ae

Website:

http://www.alsagrins.ae/

Showing Last 10 Disclosures - ASNIC View all
ASNIC 16-05-2017 08:32 AM

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

1 File(s)
ASNIC 16-05-2017 07:51 AM

Financial statements for the 1st QTR of 2017

1 File(s)
ASNIC 11-05-2017 08:33 AM

Minutes of General Assembly

1 File(s)
ASNIC 10-05-2017 02:48 AM

Results of BOD meeting

1 File(s)
ASNIC 04-05-2017 02:34 AM

BOD meeting

1 File(s)
ASNIC 26-04-2017 09:03 AM

Resolutions of General Assembly

1 File(s)
ASNIC 25-04-2017 12:39 AM

Resolutions of General Assembly

1 File(s)
ASNIC 13-04-2017 09:13 AM

Nominees for Board of Directors membership

1 File(s)
ASNIC 02-04-2017 09:57 AM

Opens the nominations for BOD membership

1 File(s)
ASNIC 02-04-2017 09:55 AM

Invitation of General Assembly

1 File(s)
Showing Last 10 Issuer News - ASNIC View all
No data could be found.
Showing Last 10 Financial Reports - ASNIC View all
ASNIC 16-05-2017 07:51 AM

Financial statements for the 1st QTR of 2017

1 File(s)
ASNIC 01-03-2017 10:30 AM

Financial statements for the year of 2016

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

Financial statements for the 3rd QTR of 2016

1 File(s)
ASNIC 30-06-2016 01:35 AM

Financial statements for the 2nd QTR of 2016

1 File(s)
ASNIC 09-05-2016 10:30 AM

Financial statements for the 1st QTR of 2016

1 File(s)
ASNIC 11-04-2016 02:30 AM

Financial statements for the year of 2015

1 File(s)
ASNIC 15-11-2015 03:33 AM

Financial statements for the 3rd QTR of 2015

1 File(s)
ASNIC 13-08-2015 03:53 AM

Financial statements for the 2nd QTR of 2015

1 File(s)
ASNIC 14-05-2015 03:30 AM

Financial statements for the 1st QTR of 2015

1 File(s)
ASNIC 26-03-2015 03:30 AM

Financial Statements for the year 2014

1 File(s)
Showing Last 10 General Meetings - ASNIC View all
Meeting Date/TimeApr 25, 2017 12:00:00 PMType of MeetingGeneral Assembly
Net Profit/Loss20719692Cash Dividend5
Bonus Share
Announcements/Resolutions

1-     Approval of the Directors’ report concerning the activities and financial position of the company for the year ended 31 December 2016

 

2- Approval of the Auditors’ report for the year ended 31 December 2016

 

 

3-     Approval of the financial statements of the company for the year ended 31 December 2016

 

4-     Approved the proposal of the board of directors regarding the distribution of cash dividend of 5% of paid capital at AED 5 fils per share

-          Last date of dividend entitlement: Wednesday 03/05/2017

-         EX-Dividend date: Thursday 04/05/2017

-          Register closing settlement date: Sunday 07/05/2017

 

 

5-     Approved the remuneration of the board of directors

 

6-     Discharge the directors from their liabilities for the financial year ending 31/12/2016

 

7-     Discharge the Auditors from their liabilities for the financial year ending 31/12/2016

 

8-     Re-appointment the auditors (KPMG Lower Gulf Limited for the year 2017 and determine their remuneration.

 

9-  The president of the General Meeting has received a suggestion from 2 shareholders that own more than 10% of the capital as hereunder:

-     Transfer an amount of AED 100,000,000 (Hundred Million Dirhams) from the general reserve to the Retained Earning, the resolution approved, subject to the approval of the concerned Authority

 

 10- The below mentioned members has been elected to the company’s Board of Directors to serve the new term (2017-2018-2019)

-         Mr. Majid Abdullah Al Sari

-         Mr. Khalid Abdullah Taryam

-         Mr. Amjad Yousri Al Dwaik

-         Mr. .Mohamad Ali Al Sari

-         Mr. Sami Shakhshir

Last Date For Dividend EntitlementWednesday, May 03, 2017Ex-Dividend DateThursday, May 04, 2017
Register Closing (Settlement) DateSunday, May 07, 2017Trading Suspension Date
Trading Resuming DateDividends Payment DateMonday, May 22, 2017
Payment EntityDubai Financial MarketMeeting VenueAl Sagr Head Office
1 File(s)
Meeting Date/TimeApr 25, 2016 12:00:00 PMType of MeetingAnnual General Meeting
Net Profit/Loss-105033166Cash Dividend
Bonus Share
Announcements/Resolutions
  1. Approval of the Directors’ report concerning the activities and financial position of the company for the year ended 31 December 2015
  2. Approval of the Auditors’ report for the year ended 31 December 2015
  3. Approval of the financial statements of the company for the year ended 31 December 2015
  4. Discharge the directors from their liabilities for the financial year ending 31/12/2015
  5. Discharge the Auditors from their liabilities for the financial year ending 31/12/2015
  6. Re-appointment the auditors(KPMG Lower Gulf Limited for the year 2016 and determine their remuneration.
  7. Special Resolution :Approval of the company’s amended Article of Association to comply with provisions of Federal Law No.2 of 2015 concerning commercial companies ,subject to the regulatory approval

  8. Special Resolution : changing the number of board members to be 5 members
Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueAl Sagr Head Office
1 File(s)
Meeting Date/TimeApr 27, 2015 12:30:00 PMType of MeetingAnnual General Meeting
Net Profit/Loss56,101,489.00Cash Dividend10%
Bonus Share
Announcements/Resolutions
  1. approved the board's report on the company's activities for the year ended 31/12/2014
  2. approved the Auditor's report  for the year ended 31/12/2014
  3. approved the company's Balance Sheet & Income statement for the year ended 31/12/2014
  4. approved the board of director's recommendation to distribute 10% from paid capital as cash dividend and remuneration of AED 600,000/- to the board members 
  5. absolved the members of the board of directors and the auditors from responsibilities for the financial year ended 31/12/2014
  6. reappointed M/s. KPMG as auditors for the financial year 2015  

Last Date For Dividend EntitlementTuesday, May 05, 2015Ex-Dividend DateWednesday, May 06, 2015
Register Closing (Settlement) DateThursday, May 07, 2015Trading Suspension Date
Trading Resuming DateDividends Payment DateWednesday, May 27, 2015
Payment Entityشركة الصقر الوطنية للتأمينMeeting VenueAl Sagr Head office ,Bur Dubai
1 File(s)
Meeting Date/TimeApr 30, 2013 05:30:00 PMType of MeetingAnnual General Meeting
Net Profit/Loss29,337,121.00Cash Dividend7.5%
Bonus Share0%
Announcements/Resolutions

The ratification of the report of the Governing Council on the activities of the company and its financial position for the financial year ended 31/12/2012
The ratification of the auditors' report for the year 2012
The ratification of the company's balance sheet and profit and loss account for the year 2012
The ratification of the Board's proposals on dividend by 7.5%
Adoption set Mr. / Sapmon Philip representative of the company Gulf General Investments instead of resigning member Mr. / Abdullah Juma secret the former Chairman of the Board
Adoption of the appointment of Mr. / Majed Abdullah secret Chairman of the Board
Discharge of the members of the Board of Directors and 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 EntitlementWednesday, May 08, 2013Ex-Dividend DateThursday, May 09, 2013
Register Closing (Settlement) DateSunday, May 12, 2013Trading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueThe company's headquarters
1 File(s)
Meeting Date/TimeApr 23, 2012 05:00:00 PMType of MeetingAnnual General Meeting
Net Profit/Loss9,557,156.00 AEDCash Dividend5%
Bonus ShareN/A
Announcements/ResolutionsApproved the Board of Directors report on the activity of the company and its financial position for the financial year ended 31/12/2011 Ratification of the auditors' report and financial statements for the financial year ended 31/12/2011 Approved the balance sheet and profit and loss account for the financial year ended 31/12/2011 Approved the dividend by 5% of the capital of the company ended 31/12/2011 Discharged the members of the Board of Directors and Auditors for the financial year ended 31/12/2011 Re-appointment of auditors for the year 2012 and determine their fees.
Last Date For Dividend Entitlement01/05/2012Ex-Dividend Date02/05/2012
Register Closing (Settlement) Date03/05/2012Trading Suspension DateN/A
Trading Resuming DateN/ADividends Payment Date
Payment EntityMeeting VenueThe company's headquarters – AL Hilal building - Al Garhoud Main Street - Dubai
1 File(s)
Meeting Date/TimeMay 01, 2011 05:00:00 PMType of MeetingAnnual General Meeting
Net Profit/Loss30,051,772.00 AEDCash DividendN/A
Bonus ShareN/A
Announcements/Resolutionsالموافقة على تقرير مجلس الإدارة و تقرير مراجعين الحسابات عن السنة المالية المنتهية في 31/12/2010 - الموافقة على الميزانية العمومية و حساب الأرباح و الخسائر عن السنة المالية المنتهية في 31/12/2010 - الموافقة على عدم توزيع أرباح عن السنة المالية المنهية في 31/12/2010 - إبراء ذمة أعضاء مجلس الإدارة والمدققين من المسؤولية عن السنة المالية المنتهية في 31/12/2010 – الموافقة على إعادة تعيين مدققين الحسابات للسنة المنتهية 31/12/ 2011 و تحديد أتباعهم -الموافقة على إعادة انتخاب أعضاء مجلس الإدارة لثلاثة سنوات
Last Date For Dividend EntitlementN/AEx-Dividend DateN/A
Register Closing (Settlement) DateN/ATrading Suspension DateN/A
Trading Resuming DateN/ADividends Payment DateN/A
Payment EntityN/AMeeting VenueCompany’s main building
Meeting Date/TimeApr 27, 2010 05:00:00 PMType of MeetingExtraordinary Meeting
Net Profit/LossAED 30,051,772Cash Dividend
Bonus Share
Announcements/Resolutions- Approved the necessary amendments on Memorandum of Association
Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueCompany’s main building
Meeting Date/TimeApr 27, 2010 05:00:00 PMType of MeetingAnnual General Meeting
Net Profit/LossAED 30,051,772Cash Dividend
Bonus Share
Announcements/Resolutions- Approved the report of the BOD & the auditor’s report for the year ended 31/12/2009 - Approved balance sheet and the Income Statement of the company for the year ended 31/12/2009 - Absolved the members of the Board of Directors and the auditors from responsibilities for the year ended 31/12/2009 – Approved to re-appoint auditors for the Financial Year 2010 and approved their fees
Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueCompany’s main building
Meeting Date/TimeMar 22, 2009 05:00:00 PMType of MeetingAnnual General Meeting
Net Profit/LossAED 42,473,000Cash Dividend
Bonus Share15%
Announcements/Resolutions- Approved the report of the BOD & the auditor’s report for the year ended 31/12/2008 - Approved balance sheet and the Income Statement of the company for the year ended 31/12/2008 - Approved issuing 15% bonus shares - Absolved the members of the Board of Directors and the auditors from responsibilities for the year ended 31/12/2008 – Approved to re-appoint auditors for the Financial Year 2009 and approved their fees
Last Date For Dividend Entitlement30/ March /2009 Ex-Dividend Date31/ March /2009
Register Closing (Settlement) Date01/ April /2009 Trading Suspension DateN/A
Trading Resuming DateN/ADividends Payment Date02/April/2009
Payment EntityN/AMeeting VenueCompany’s main building
Meeting Date/TimeApr 09, 2008 11:00:00 AMType of MeetingAnnual General Meeting
Net Profit/LossAED 121,284,621Cash Dividend
Bonus Share50%
Announcements/Resolutions- Approved BOD’s & auditors report for the financial year ended 31/12/2007 - Approved the balance sheet and profit & loss account for the year ended 31/12/2007 - Approved distributing 50% bonus shares - Absolved the BOD & auditors from responsibility for the year ended 31/12/2007 - Elected the current BOD for the coming three years - Re-appointed auditors for the year 2008
Last Date For Dividend Entitlement16/04/2008Ex-Dividend Date17/04/2008
Register Closing (Settlement) Date20/04/2008Trading Suspension Date09/04/2008
Trading Resuming Date10/04/2008Dividends Payment Date
Payment EntityMeeting VenueAirport Meridian Hotel
Top ShareholdersLast Refreshed at: 28 May 2017

Individual Investors

ShareholdersPercentage
الشركه الخليجيه للاستثمارات العامه 47.09%
عبدالله عمران تريم 9.47%
شركه الشرق الادنى للاستثمار 8.75%
انماء الامارات للتجاره العامه ذ.ذ.م 7.50%
AYMAN MOHAMEDYOSRI MAHMOUD ALDUWAIK 5.00%
AMJAD MOHAMED YUSRI MAHMOUD ALDWAIK 5.00%

  • Article of Association - 0001

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 100% 100% 0% 0% 0% 0% 0% 0% 28-05-2017
Showing Last 10 Corporate Governance Reports - ASNIC View all
  • 02-04-2017

    ASNIC_CGR 2016

  • 31-12-2015

    Corporate Governance Report - ASNIC 2015

  • 01-01-2013

    Corporate Governance Report ASNIC 2013

Showing Corporate Actions - ASNIC View all
Year2017Corporate Action Typecash dividend
Last Date For Action Entitlement5/3/2017Ex-Dividend Date5/4/2017
Register Closing (Settlement) Date5/7/2017Trading Suspension Date1/1/1990
Trading Resuming Date1/1/1900Run (Effective) Date1/1/1900
Corporate Action DetailsDistribute 5% cash dividends as agreed at the GA held on 25/04/2017
Year2015Corporate Action TypeCash dividends
Last Date For Action Entitlement5/5/2015Ex-Dividend Date5/6/2015
Register Closing (Settlement) Date5/7/2015Trading Suspension Date4/27/2015
Trading Resuming Date4/27/2015Run (Effective) DateNot Available
Corporate Action DetailsDistribute 10% cash dividends as agreed at the AGM held on 27/04/2015
Year2014Corporate Action TypeCash dividends
Last Date For Action Entitlement5/5/2014Ex-Dividend Date5/6/2014
Register Closing (Settlement) Date5/7/2014Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribute 7.5% cash dividends as agreed at the AGM held on 27/04/2014
Year2012Corporate Action TypeCash Dividends Distribution
Last Date For Action Entitlement5/1/2012Ex-Dividend Date5/2/2012
Register Closing (Settlement) Date5/3/2012Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsDistribute 5 % cash dividends as agreed at the AGM held on 23/04/2012
Year2009Corporate Action TypeBonus Shares Issue
Last Date For Action Entitlement3/31/2009Ex-Dividend Date3/31/2009
Register Closing (Settlement) Date4/1/2009Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) Date4/2/2009
Corporate Action DetailsIssue 15% bonus shares as agreed at the AGM held on 22/3/2009 leading the number of shares reaches 230,000,000
Year2008Corporate Action Type50% Capital Increase
Last Date For Action Entitlement5/14/2008Ex-Dividend Date5/15/2008
Register Closing (Settlement) Date5/18/2008Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) DateNot Available
Corporate Action DetailsEGM decision dated 30/04/2006, without premium
Year2008Corporate Action TypeBonus Shares Issue
Last Date For Action Entitlement4/16/2008Ex-Dividend Date4/17/2008
Register Closing (Settlement) Date4/20/2008Trading Suspension Date4/9/2008
Trading Resuming Date4/10/2008Run (Effective) DateNot Available
Corporate Action DetailsIssue bonus shares in the ratio of (50%) activated as agreed at the Annual General Meeting held on 09/04/2008.
Year2006Corporate Action TypeStock split
Last Date For Action Entitlement5/6/2006Ex-Dividend Date5/7/2006
Register Closing (Settlement) Date5/8/2006Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) Date5/8/2006
Corporate Action DetailsSplit shares in the ratio of ten shares for every one share is activated as agreed at the Annual General Meeting held on 30/04/2006 . Change of par value from AED 10 to AED1. Number of issued shares becomes 750,000
Year2006Corporate Action Typebouns shares
Last Date For Action Entitlement5/6/2006Ex-Dividend Date5/7/2006
Register Closing (Settlement) Date5/8/2006Trading Suspension DateNot Available
Trading Resuming DateNot AvailableRun (Effective) Date5/8/2006
Corporate Action DetailsIssue bonus shares of 100% as agreed at the Annual General Meeting held on 30/04/2006 . Number of issued shares becomes 50,000,000.
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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