Dubai National Insurance and Reinsurance, a public company listed on the Dubai Financial Market, announced the appointment of Abdullah Al Nuaimi as CEO effective April 11, 2021.
Abdullah Al-Nuaimi has more than 25 years of experience in both the government and private sectors. He holds an MBA in Executive Business and Leadership from the Wharton School of Business at the University of Pennsylvania. He held the position of Director of Operations and International Cooperation at the Union Credit Insurance Company – ECI, and prior to that held the position of Executive Vice President – Shared Services at Abu Dhabi National Insurance Company for 9 years.
And Chairman of the Dubai National Insurance and Reinsurance Board, Khalaf Ahmad Al Habtoor, welcomed Al Nuaimi to his new position, saying: “We have chosen Abdullah Al Nuaimi to lead Dubai National Insurance and Reinsurance after careful deliberations and from among a group of qualified candidates, confident that he will add a lot to the business in These difficult times and he will lead the continuation of strategic development thanks to his vast competence Al Nuaimi is the right candidate to achieve the goals set by the Board of Directors of Dubai National Insurance and Reinsurance and protect the interests of shareholders.
Al Habtoor added, “As 2020 is a challenging year for the insurance sector, both in terms of growth expectations and business continuity, but we have overcome the challenges with determination and insight. I am confident that Abdullah’s vision will help the company achieve new heights of success.”
Newly appointed Al Nuaimi said: “I thank Mr. Al Habtoor and the Board of Directors for this opportunity and for their confidence in my skills to lead the company. I look forward to working closely with the Board of Directors, employees and business partners towards greater growth, profitability and success by focusing on strategic opportunities.”
Earlier in the year, Dubai National Insurance and Reinsurance announced a full-year net profit of 55.073 million dirhams in 2020, despite being a challenging year with the emergence of the Corona pandemic. During the General Assembly meeting, the shareholders approved a 30% cash dividend of AED 34.65 million.
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