Profile: AKIC | Al Khazna Insurance Co.

ABU DHABI SECURITIES EXCHANGE (ADX)Trading Hours: Sun - Thu 10:00 am-2:00 pm

Al Khazna Insurance Co. AKIC
AKIC 0.00%
Insurance 0.00%
ADI 0.00%
Last Value
% Change
Price in AED Last Update : 21 Sep 2017 10:15 am (local time)


Corporate Details
Symbol AKIC
Exchange Abu Dhabi
Sector Insurance
Auditors KPMG
Company Description

Al Khazna Insurance Co. is one of the leading insurance companies in UAE offering specialized risk management and insurance services with a strong presence and a diverse portfolio of business comprising personal accident, property both operational and construction, group life & medical, motor, liability both financial and casualty lines, marine, energy and aviation, and niche products like credit, affinity products etc. Al Khazna is the largest insurance company in terms of paid up capital in the United Arab Emirates, and 9 among the top 150 insurers in the Arab world.

Company Activities

The Company handles all classes of business in the UAE and other GCC countries. The areas in which AKIC offers its services include, property, marine cargo & hull, energy & aviation, engineering, medical & life, motor and general accident. The Company also writes reinsurance business on a selected basis from the Arab territory with focus on GCC markets.

Equity Profile
Date Established Jan 1, 1996
Listing Date Nov 15, 2000
Paid-up Capital (AED) 420,000,000
Outstanding Shares 420,000,000
Shares Per Value 1
Contact Information

Villa No 51, East of Al Nahyan camp,Delma Street No 13, P.O. Box 73343, Abu Dhabi

+971 2 6767000

+971 2 6418214



Company History

AKIC is a Public Shareholding Company incorporated in 1996 according to Ameri Decree No. 4 for the year 1996 by H. H. Sheikh Khalifa Bin Zayed Al Nahayan, Crown Prince and Deputy Ruler of Abu Dhabi. The Company is 100% UAE owned. Fifty two prominent founding members joined forces to form the largest UAE Public Shareholding Company with a paid up capital of AED 380 Million

Board Members & Senior Management
H.E. Khalifa Mohamed Abdul Aziz Rubaya Al Muhairi Chairman
Mr. Hamad Jassim Al Darwish Vice Chairman
Mr. Sameer Alwazzan CEO
Mr. Rubaya Mohamed Abdul Aziz Rubaya Al Muhairi Managing Director
Mr. Ahmed Darwish Mohamed Husain Al Khoori Board of Directors
Mr. Abdullah Mohamed Saif Majed Al Mehairi Board of Directors
Mr. Ahmed Saeed Al Kharousi Board of Directors
Mr. Daham Al Fandi Rashid Al Mazrouei Board of Directors
Mr. Nasser Rashed Ali Ibrahim Al Zaabi Board of Directors
Mr. Saeed Mohamed Al Sultan AlYabhouoni Al Dhaheri Board of Directors
Sh. Dheya Ibrahim Al Khalifa Board of Directors
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