We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

Latest News

Abu Dhabi’s Senaat Plans Over $600 Mln Investment In Industry

Abu Dhabi residential

Investments went into expansion of core industries such as Emirates Steel, Arkan Building Materials Co and Agthia Group.


April 25, 2013 1:11 by

Abu Dhabi government-owned General Holding Corp (Senaat) on Wednesday said it invested 2.2 billion dirhams ($600 million) in industry last year and would invest as much this year, as the emirate seeks to diversify its economy beyond oil.

Investments went into expansion of core industries such as Emirates SteelArkan Building Materials Co and Agthia Group.

Since 2004, Senaat has invested about 16 billion dirhams in Abu Dhabi‘s industrial sector.

“All of this new investment is consistent with our strategy to engage in industrial projects and we will continue to invest every year,” Hussain al Nowais, chairman ofSenaat, told Reuters after announcing the company’s results.

Unlisted Senaat‘s revenues totalled 12.3 billion dirhams in 2012, up 7.2 percent over the previous year. But net profit was lower at 1.3 billion dirhams compared to 1.5 billion dirhams in 2011, mainly due to higher depreciation costs, al Nowais said.

Total assets grew 7.8 percent to 25.4 billion dirhams in 2012.

Two of Senaat‘s companies, Arkan and Agthia, are listed on the Abu DhabiSecurities Market and there are plans to list more when market conditions improve, said al Nowais.


Leave a Comment