Abu Dhabi – Mubasher: Al Ain Al Ahlia Insurance net profit slipped by 34.36% in the first nine months of 2015, according to the company’s financial statement.
Profit decreased to AED 44.49 million for the period from AED 67.79 million last year.
The fall in profit was driven by a drop in the company’s investment income which shrank by 48.6% to AED 20.9 million, compared to AED 40.7 last year.
The Abu Dhabi company earlier posted a profit of AED 43.5 million ($11.84 million) in H1-15, compared to about AED 65 million ($17.7 million) last year.
