Sharjah Insurance reports Dh6.9m in Q3 losses

12/11/2015 07:44 AST

Sharjah Insurance Company reported on Wednesday Dh6.9 million in losses in the third quarter of this year, marking a significant drop from the Dh2.03 million in net profits reported in the same period last year.

Despite the losses during the quarter, the company recorded Dh2.3 million in net profits in the first nine months of this year - down from the Dh14.8 million in profits recorded in the same nine months last year.


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Sharjah Insurance Company said on Sunday it proposed to distribute a cash dividend of 10 per cent to shareholders during its board meeting on March 7.

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