Arig posts $18.6m HI profit

DUBAI — Arab Insurance Group (Arig) announced a net profit of $18.6 million for the half year 2007. Profit grew by 115 per cent compared to half year 2006 profits of $8.6 million. Strong underwriting and investment performance contributed to this positive result, a Press statement said.

By A Staff Reporter

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Published: Thu 26 Jul 2007, 9:04 AM

Last updated: Sat 4 Apr 2015, 10:22 PM

Gross premiums written grew by 23 per cent buoyed by significant new business growth from the Far-East and Sub-Saharan Africa. Arig’s traditional Middle-East and North African markets also recorded reasonable growth.

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