Al Ain Alahlia Insurance Co.
AADX:ALAIN33.50
AED
-1.50
(-4.29%)
ISIN
AEA000101013
Return %
Stock
S&P 500
1Y
7.72
14.20
3Y
-6.94
81.12
5Y
-0.24
68.34
Capital Structure
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- Ronald Bakica
- Full Time Employees
- 286
- Sector
- Finance
- Industry
- Multi-line insurance
- Address
- Abu Dhabi United Arab Emirates
- IPO Date
- Dec 9, 2000
- Website
- alaininsurance.com
- Similar Companies
- Business
- Al Ain Alahlia Insurance Company PSC is a United Arab Emirates-based public shareholding company engaged in the provision of multi-line insurance and reinsurance underwriting services. Established in 1975 and headquartered in Abu Dhabi, United Arab Emirates, the company operates across corporate, governmental, and individual retail sectors through a network of branches spanning Abu Dhabi, Al Ain, Dubai, and Sharjah. The company's core commercial insurance portfolio comprises energy insurance, covering onshore and offshore oil and gas operations, petrochemical plants, and utility facilities; property insurance, including fire, commercial all-risks, and business interruption coverage; engineering insurance, encompassing contractor's all risks, erection all risks, machinery breakdown, and electronic equipment coverage; marine and aviation insurance, covering cargo transit, marine hull, and aviation liability; liability insurance, including workmen's compensation, employer's liability, public and product liability, directors and officers liability, and professional indemnity; and financial lines, such as banker's blanket bonds, money insurance, and fidelity guarantees. Its personal insurance offerings include comprehensive and third-party motor vehicle insurance; group and individual medical and health insurance; term life and personal accident coverage; residential property and home contents insurance; travel insurance; and private yacht and pleasure craft coverage. In recent developments, Al Ain Alahlia Insurance Company has accelerated its corporate digital transformation by launching enhanced online portals for automated policy underwriting and retail claims processing across motor and medical lines. The company has also completed the operational implementation of the International Financial Reporting Standard 17 (IFRS 17) accounting framework, aligned its compliance architecture with updated Central Bank of the UAE (CBUAE) regulatory standards, and expanded its reinsurance treaty partnerships to bolster underwriting capacity for regional energy, infrastructure, and industrial development projects.