CEO Dr. Abdul Zahra A. Ali honored with the Lifetime Achievement Award – Management

It gives us a great privilege to announce that our CEO Dr. Abdul Zahra A. Ali was honored with the LIFETIME ACHIEVEMENT AWARD – MANAGEMENT in the annual Insuretek Awards Ceremony held at the Dusit Thani Hotel last night in Dubai.

The main stay of NGI since 1998 Dr. Abdul Zahra the Insurance & Reinsurance expert being a vital part of the industry for the last 48 years. Having worked in Iraq, Yemen and now in UAE, Dr. Abdul Zahra has seen the evolvement of the sector and played a key role in its development. He evolved NGI and built it as one of the Top 10 Insurance companies in the UAE with his leadership and management skills.

Speaking at the awards ceremony last night, Dr. Abdul Zahra thanked the organizers for the honor bestowed, appreciated & thanked the UAE Government and Dubai Authorities for the vaccination programmes provided to the citizens and residents without which this gathering of the awards ceremony which included profiled executives from the Insurance fraternity wouldn’t have been possible.

Dr. Abdul Zahra also stated “UAE is a vibrant, dynamic, professional and highly competitive market. The growth in the UAE Insurance Sector is because of the maintained regulations and guidelines issued by the UAE Insurance Authority which I am proud off” at the same time he also mentioned “I am expecting to witness more improvements and development in the Insurance sector with the merger of UAE Insurance Authority with the Central Bank”.

We the staff of NGI congratulate our CEO Dr. Abdul Zahra A. Ali on this prestigious occasion of him receiving the honor and wish that NGI will scale to newer heights under his guidance and leadership.

AM Best Affirms Credit Ratings of National General Insurance Co. UAE.

Dubai: National General Insurance Co. PJSC announced that AM Best, the credit rating agency has affirmed their Financial Strength Rating of “A-”(Excellent). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect NGI’s strong performance and proven commitment.
The ratings reflect the robust balance sheet and proven commitment of NGI which AM Best categorizes as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management (ERM). The balance sheet strength assessment also reflects NGI’s low-risk and highly liquid asset portfolio, as well as favourable operating cash flow. In addition, the company benefits from solid financial flexibility. The ratings also take into consideration the dependence on reinsurance programs and the history of dividend payments.
NGI has a history of strong and stable operating performance and profitability measures that have increased through 2020. NGI has reported premium growth and strong underwriting profit, a trend that is expected to continue in the near term. The ratings also reflect the organization’s established market presence and overall market share in the UAE Insurance Sector. In addition, the ratings acknowledge NGI’s well-established ERM program with a fully developed risk management framework and committee structure.
“NGI has a long tradition and commitment of building trust with our clients and regulators along with our unwavering dedication said Dr. Abul Zahra A. Ali, Chief Executive Officer (CEO) National General Insurance (NGI) “We are proud to have retained the ‘A-Excellent’ rating and are pleased that AM Best has validated our competent position. added Mr. Abdul Zahra.

Notification from National General Insurance Company PJSC

Description: National General Insurance Company (P.J.S.C.) “NGI” notes the published press release regarding the deal to sell ENBD shares, 21.53% of the issue Share of NGI to Dubai Investment. The aggregate ownership of Dubai Investment in NGI has reached a total of 29.99% of the issued shared capital of NGI.

Circular From SCA regarding uncollected dividend

Kindly be informed that SCA has decided to postpone the transfer of profits not received by Shareholders to the Authority’s account until the date of December 31, 2021, in order to allow companies to pay the largest possible amount of profits to their shareholders who are entitled to distributions of profits before March 1, 2015, therefore, All companies are required to continue Disbursement of profits to its eligible shareholders and those who applied for it, in accordance with the procedures in force in this regard, and the companies should delivers monthly to the Authority reports on cash profits that are distributed during the month and approved by the CEO or general manager of the company (even in the event that no profits are paid during the month).

Circular From SCA regarding uncollected dividend

Kindly be informed that SCA has decided to postpone the transfer of profits not received by Shareholders to the Authority’s account until the date of December 31, 2021, in order to allow companies to pay the largest possible amount of profits to their shareholders who are entitled to distributions of profits before March 1, 2015, therefore, All companies are required to continue Disbursement of profits to its eligible shareholders and those who applied for it, in accordance with the procedures in force in this regard, and the companies should delivers monthly to the Authority reports on cash profits that are distributed during the month and approved by the CEO or general manager of the company (even in the

event that no profits are paid during the month).