UAE listed Insurance Companies

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Insurance Company Stocks and Shares in the UAE

Many of the listed companies in the insurance sector of the Dubai and Abu Dhabi stock exchanges are not frequently traded, and some have never traded since listing. There is apparently a Ministry of Economy ruling that restricts UAE insurance companies from allowing non-UAE and non-GCC nationals from owning their securities although there are some exceptions. Additionally, most insurance companies are not Sharia compliant organisations, so many brokers will not trade their stocks, nor will investors.

The few insurance companies which trade equities with any degree of frequency in order of trading volume (roughly) are:

Insurance Companies Listed on Dubai Financial Market (DFM)

Several insurance companies listed on DFM have similar names (AMAN, DIN, and DNIR) which could be confusing but is of little interest to most investors since it's unlikely they'll be buying or selling shares in these companies, except perhaps for AMAN.

Other insurance company shares of interest that are listed on the Dubai Financial Market are:

    • Arab Insurance Group (ARIG) is based in Bahrain and is also listed on the Bahrain Stock Exchange. ARIG stocks might trade a few times per week.

The rest of the DFM listed insurance companies:

Insurance Companies listed on Abu Dhabi Securities Exchange (ADX)

There are a large number of insurance company stocks listed on the Abu Dhabi Securities Exchange (ADX), previously known as the Abu Dhabi Securities Market (ADSM). Only the Islamic insurance companies are actively traded on a daily basis. Note that Takaful is a descriptive term used when describing Islamic insurance companies as well as the name of one of the ADX listings (Abu Dhabi National Takaful), so most press articles talking about Takaful insurance are referring to the sector rather than that particular company.

General UAE Insurance Market

As of August 2007, according to Middle East Insurance Review (an insurance magazine launched September 2006 - full name is MiddleEast Insurance Review Incorporating Global Takaful (MIR) ) there are 46 companies offering insurance in the UAE, of which 23 are UAE companies.

As of August 2007 there are 24 companies listed in the insurance sector according to ESCA. Arab Insurance Group (ARIG) is a Bahrain based company with a dual listing, the remainder are UAE based companies - including Oman Insurance Company (OIC).

Update December 2008 - added new Islamic insurance company listings during 2008 (Methaq, Takaful House, Dar Takaful).

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This page last updated 20-Dec-2008. E & OE.