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2007 FINANCIAL HIGHLIGHTS
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Al Sagr has been consistently registering excellent growths in premium volume, underwriting results and investment returns since its establishment in the year 1979.
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The Gross Written Premium for 2008 has shown a growth of 34% to reach at AED457 Million. The Net Profit registered for 2008 was AED 67.1 million despite the unfavourable conditions in the regional stock market.
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The Net Operating Profit soared to AED 58.7 million, representing 26% growth, compared to the previous year.
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The Total Assets as at 31st December 2008 stood at AED 1,250,724,966; a growth of 7% over the previous year |
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Shareholders’ Equity reached AED 567,844,001 as at 31st December 2008, as against AED 472,376,847 in the previous year |
Certain highlights of the financials are furnished below along with corresponding figures for 2007, at the end of each year:
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2008
AED('000) |
2007
AED('000) |
| Gross Written Premium |
457,431 |
341,862 |
| Net Underwriting Profit |
58,709 |
46,464 |
| Total Assets |
1,250,725 |
1,165,483 |
| Share Capital |
200,000 |
100,000 |
Total Equity |
567,844 |
472,377 |
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