Abu Dhabi National Insurance Company
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Abu Dhabi National Insurance Company -
Company Capsule
Reference Code: FS0001CC
Published Date: April 2011
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Abu Dhabi National Insurance Company - Company Page 1
Capsule
Abu Dhabi National Insurance Company
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Abu Dhabi National Insurance Company - Company Overview
Abu Dhabi National Insurance Company (ADNIC) is a United Arab Emirates based one of the leading providers of
insurance related products and services. The company is engaged in offering life and non-life insurance and reinsurance
products and services. ADNIC provides the products under three business lines, namely, Personal Insurance, Business
Insurance and Overseas Insurance along with its Claims Services. It has a UK based subsidiary named Abu Dhabi
National Insurance Company (Services) Ltd. ADNIC has a wide network of branches and offices in Abu Dhabi, Al Ain,
Dubai, Sharjah and the UK. The company is headquartered in Abu Dhabi, the United Arab Emirates.
Financial Performance
The company reported revenue of US$545.48during the year 2009.The company's revenue grew at a CAGR of 28.48%
during the period 2007-2009 with a year on year growth of 29.11% over fiscal year 2008. During the fiscal year 2009, its
operating margin was 9.52% as against the operating margin of 49.77% in the fiscal year 2008. During the fiscal year
2009, the company’s net profit margin was 9.52% as against the net profit margin of 49.77% in the fiscal year 2008.
Abu Dhabi National Insurance Company - Key Facts
Abu Dhabi National Insurance Company, Key Facts
P.O. Box 839, Abu Dhabi, , ,
Ticker Symbol, Stock ADNIC (Abu Dhabi Stock
Corporate Address: United Arab Emirates Exchange)
Exchange
Telephone + 971 2 6264000 No. of Employees 257
Fax + 971 2 6268600 Financial Year End December
URL www.adnic.ae Revenue (in AED Million) 545.48
Industry Financial Services Revenue (in USD Million) 148.63
Locations United Arab Emirates
Source: Annual Report, Company Website, Primary and Secondary Research
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Abu Dhabi National Insurance Company - Company Capsule Page 2
Abu Dhabi National Insurance Company
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Abu Dhabi National Insurance Company - Major Products and Services
Abu Dhabi National Insurance Company (ADNIC) is an insurance company based in the Unites Arab Emirates (UAE),
engaged in offering insurance products and services. The company's key products and services include the following:
Abu Dhabi National Insurance Company, Major Products and Services
Products:
Personal insurance:
Home
Car
Boat
Life & Health
Accident
Business insurance:
Fire & Property
Aviation
Marine Hull
Engineering
Energy
Cargo
Life & Health
Auto
Overseas insurance:
Aviation
Energy
Marine
Cargo
Property/Fire & GA
Engineering
Services:
Claims Services
Source: Annual Report, Company Website, Primary and Secondary Research
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Abu Dhabi National Insurance Company - Company Capsule Page 3
Abu Dhabi National Insurance Company
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Abu Dhabi National Insurance Company - Key Competitors
The following companies are the major competitors of Abu Dhabi National Insurance Company:
Dubai Islamic Insurance & Reinsurance Company
Al Wathba National Insurance Company
Al Fujairah National Insurance Company
Arabian Scandinavian Insurance Company P.L.C.
United Insurance Company P.S.C.
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Abu Dhabi National Insurance Company - Company Capsule Page 4
Abu Dhabi National Insurance Company
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Abu Dhabi National Insurance Company - Key Employees
Abu Dhabi National Insurance Company, Key Employees
Name Job Title Board Level Since Age
Ahmad Ali Al Sayegh Director Non Executive Board
Ahmad Bin Khalaf Al-
Director Non Executive Board
Otaibah
Deputy Chief Executive Officer Non-
Ahmad Idris Senior Management
Marine
Alaa Fares Chief Financial Officer Senior Management
Benjamin Graham Chief Risk Officer Senior Management
Ghanim Bin Ali Bin
Director Non Executive Board
Hamoodah
H.E. Khalifa Mohamed Al-
Chairman Executive Board
Kindi
Hussein Samara Chief Information Technology Officer Senior Management
Jalal Alkhaled Chief Human Resources Officer Senior Management
Khalifa Sultan Ahmed Al-
Director Non Executive Board
Suwaidi
Mohamad Abdul Aziz Al
Director Non Executive Board
Rubaya Al Muhairy
Deputy Chief Executive Officer -
Samir Abdul Ahad Senior Management
Marine, Aviation & Reinsurance
Saurabh Saran Chief Services Officer Senior Management
Shaikh Ahmed Chief Business Development Officer Senior Management
Sheikh Mohamad Bin Saif
Director Non Executive Board
Bin Mohamad Al Nahyan
Sultan Bin Rashid Al
Director Non Executive Board
Dhaheri
Wajdi Hamdi General Manager Senior Management
Walid A. Sidani Chief Executive Officer Senior Management
Source: Annual Report, Company Website, Primary and Secondary Research
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Abu Dhabi National Insurance Company - Company Capsule Page 5
Abu Dhabi National Insurance Company
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Abu Dhabi National Insurance Company - Locations and Subsidiaries
Head Office
Abu Dhabi National Insurance Company
P.O. Box 839
Abu Dhabi
United Arab Emirates
Tel: + 971 2 6264000
Fax: + 971 2 6268600
Other Locations & Subsidiaries
Abu Dhabi National Insurance Company, Subsidiaries
AbuDhabi National Insurance Co. (Services) Ltd.
40 Lime Street
London
Zip: EC3M 5BY
United Kingdom
Tel: + 44 207 9290268
Fax: + 44 207 6260884
Source: Annual Report, Company Website, Primary and Secondary Research
Abu Dhabi National Insurance Company, Locations
Doha Centre, Al Maktoum Street H.E. Khalaf bin Ahmad Al-Otaibah Building
Dubai Al Ain
United Arab Emirates United Arab Emirates
Tel: + 971 4 2222223