Abu Dhabi - Mubasher: The annual general meeting of Union Insurance Company approved the distribution of bonus shares totaling AED 20 million, bringing the company’s capital to AED 250 million.
This decision aims to boost the company’s capital base and reinforce its long-term financial stability, according to a press release.
Moreover, the shareholders greenlighted a 4% cash dividend for 2025 in line with the company’s robust performance and commitment to delivering long-term value to shareholders.
Ramez Abu Zaid, CEO of Union Insurance, highlighted his confidence in the company’s ability to sustain its strong financial performance throughout 2026.
“The UAE’s strategic resilience, high credit rating, and economic diversification serve as a powerful catalyst for growth, providing a stable foundation to navigate current global political developments,” he noted.
At the end of December 2025, the group recorded 20% year-on-year (YoY) higher net profits at AED 45.97 million when compared to AED 38.30 million.
Insurance revenue hiked to AED 614.80 million last year from AED 591.40 million in 2024.
