Manama: Arab Insurance Group (Arig) concluded a year of strong performance with its 29th annual shareholders meeting held in Manama on 28th March 2010. After declaring net profits of US$ 21.9 million for the 2009 Financial Year, representing 8.6% average return on the company’s equity, shareholders approved a 6.25% cash dividend amounting to US$ 13.17 million.
Shareholders can register at the internet portal to facilitate speedy receipt of their dividend. The portal is accessible through Arig’s website at www.arig.net
Arig is one of the largest Arab-owned, professional reinsurance providers in the Middle East and North Africa. Arig is listed on the stock exchanges of Bahrain, Dubai and Kuwait and offers a wide range of reinsurance products and services. Arig’s subsidiaries include Takaful Re (Dubai), Gulf Warranties (Bahrain) and ARIMA Insurance Software (Bahrain). Arig is also an equal partner in the joint venture Hardy Arig Insurance Management (HAIM). Additional information about Arig can be obtained at www.arig.net