The Insurance House PSC announced the issuance of 15 million dirhams of permanent bonds, as the issuance was successful as a result of the appetite of a group of investors from private, governmental and individual institutions.
In a statement, Namazion obtained a copy of it, the insurance house is the first insurance company to issue permanent bonds in the United Arab Emirates, and this is considered a major achievement for the insurance house as it was able to achieve this in a few years ago Founded in 2011, these bonds were issued to enhance the solvency ratio of the insurance house and support its development plans for the next stage.
It is worth noting that, at the beginning of this year, the general assembly of the insurance house agreed to distribute 1% cash dividends to shareholders for the first time since incorporation after its profits increased by 28.9% during 2018.
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