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Al Khazna Insurance Company Psc (United Arab Emirates)

Main Activities: Direct Insurance (except Life, Health, and Medical) Carriers | Reinsurance Carriers
Full name: Al Khazna Insurance Company Psc Profile Updated: May 07, 2023
Buy our report for this company USD 19.99 Most recent financial data: 2020 Available in: English Download a sample report

Al Khazna Insurance Company P.S.C. is an insurance company located in Abu Dhabi, United Arab Emirates. It was founded in 1996 following the Ameri decree No. 4 on 11/06/1996 by H.H. SHEIKH KHALIFA BIN ZAYED AL NAHAYAN, President of the U.A.E. and Ruler of Abu Dhabi Emirate. The company is authorized to write all classes of general insurance and reinsurance business. Al Khazna obtained its business enrolment in January 1997 and began operations in March 1997. The company is named after the safe or stronghold in Arabic language, emphasizing the secure aspect needed in the insurance business. Al Khazna Insurance Company has chosen the Falcon (Al Shaheen) as its corporate symbol, representing strength and leadership that guide and maintain their corporate focus. Al Khazna is one of the leading national insurance companies in the U.A.E. with a shareholder base of over ten thousand shareholders from across the UAE. They offer specialized risk management and insurance services, including Personal Accident, Property (operational and construction), Group Life & Medical, Motor, Liability (financial and casualty lines), Marine, Energy and Aviation, and niche products like credit and affinity products. They are fully equipped to handle all classes of business in the UAE and other GCC countries.

Legal Address
Villa No 86, East Of Al Nahyan Camp,Al R'Doum Street,P.O Box 73343
Abu Dhabi; Northern Emirates;

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Website: http://www.alkhazna.com

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
1996
Key Executives
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Director / Member of the Management Board
Ownership Details
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5%
Subsidiaries
Academy for Investment Est.
100%
Academy of Tourism and Holidays LLC
100%
Al Khazna Real Estate Est.
100%
Company Performance
Financial values in the chart are available after Al Khazna Insurance Company Psc report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency AED. Absolute financial data is included in the purchased report.
Net insurance premium revenue
117.21%
Operating profit (EBIT)
-1214.03%
Net Profit (Loss) for the Period
-357.3%
Total assets
-16.65%
Investments
-8.92%
Receivables
19.54%
Total equity
-88.18%
Net Premiums Earned Trend
N/A
Net Profit Trend
357.08%
Return on Equity (ROE)
-706.44%
Loss Ratio
N/A
Underwriting Expenses Ratio
-312.14%

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