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Oman Insurance First-half Revenues Rise 16 Per Cent

DUBAI - Oman Insurance Company posted a 16 per cent growth in revenue for the half-year ended on June 30 over the same period of the previous year.

The insurance company registered a Dh179 million technical profits, a 36 per cent increase over the previous year. The net profit stood at Dh142 million for the first half. “The company’s strategy focuses on the technical business, to develop the insurance portfolio that allows the company to improve its underwriting standards whilst maintaining its leading position. Technical profits have contributed in supporting the overall net profit and covered the decline in the investment income caused by the global economic crisis,” Matar Humaid Al Tayer, Chairman of the company said.


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