Latest news with #OrientGroup
Mid East Info
14-05-2025
- Business
- Mid East Info
Orient Insurance Announces Q1 2025 Results, Highlighting Increased Revenue and Earnings Per Share - Middle East Business News and Information
The company reported a 20.2% increase in insurance revenue, reaching AED 2.15 billion compared to AED 1.79 billion in Q1 2024. Net profit after tax grew by 4.1% to AED 312.6 million, compared to AED 300.3 million in the same period last year. Dubai, United Arab Emirates;May 2025: Orient Insurance, the leading UAE insurance provider in the UAE and a subsidiary of Al-Futtaim, today announced its financial results for the first quarter ended 31 March 2025, highlighting robust growth across key financial indicators. Over the past quarter, insurance revenue growth expanded significantly to AED 2.15 billion, up from AED 1.79 billion in Q1 2024. Meanwhile, net profit after tax increased to AED 312.6 million this quarter, compared to AED 300.3 million for the same period in 2024. Earnings per share grew 4.1%, rising to AED 62.52 per share compared to AED 60.07 in Q1 2024. Key financial highlights for Q1 2025: Insurance Revenue: AED 2.15 billion, up by 20.2% from AED 1.79 billion in Q1 2024. Net Profit After Tax: AED 312.6 million, representing a 4.1% increase from AED 300.3 million in Q1 2024. Total Equity: AED 5.59 billion, a 7.4% increase from AED 5.21 billion at the end of 2024. Total Assets: AED 16.39 billion, up by 4.6% from AED 15.67 billion at the end of 2024. Earnings Per Share: AED 62.52, up by 4.1% from AED 60.07 in Q1 2024. Omer Elamin, President of Orient Group, said : 'Orient Insurance has delivered a strong start to 2025, demonstrating our resilience and strategic focus. We are particularly pleased with our ability to maintain profitability and growth, a testament to our operational efficiency and prudent risk management. Our solid earnings provide us with the financial flexibility to reinvest in strategic initiatives and further strengthen our market position. Orient Insurance is well-positioned to capitalise on emerging opportunities and continue to lead in the insurance sector.' Moving forward, Orient Insurance remains committed to innovation and customer-centricity. The company is actively pursuing new technologies and approaches to enhance customer experience, streamline operations, and create long-term value for its stakeholders. This focus is allowing Orient Insurance to continue exceeding expectations and to provide unparalleled insurance services. About Al-Futtaim: Established in the 1930s as a trading business, Al-Futtaim today is one of the most diversified and progressive, privately held regional businesses headquartered in Dubai, United Arab Emirates. Operating across 18 countries in the Middle East, North Africa and Asia, the Group spans key sectors including automotive, financial services, real estate, retail, and health. Al-Futtaim's work is driven by a clear purpose: to enrich lives and elevate communities through practical, forward-looking solutions. Employing a workforce of nearly 33,000 people, Al-Futtaim represents a portfolio of over 200 of the world's most recognised and trusted brands, including Toyota, Lexus, IKEA, ACE, Marks & Spencer, and many more. With a strong focus on digital innovation and artificial intelligence, sustainable growth, strategic partnerships, and empowering its people, Al-Futtaim's approach is anchored in long-term value creation. Its integrated business model positions the Group as a reliable partner to stakeholders—supporting customers, communities, and collaborators alike in navigating the needs of today while planning for tomorrow. Underpinned by the values of respect, excellence, collaboration, and integrity, Al-Futtaim continues to build a legacy that reflects its responsibility to people, progress, and the planet.
Gulf News
17-04-2025
- Business
- Gulf News
Jury announced for 2025 Edition of Excellence Awards by Gulf News and BeingShe
Behind every powerful platform that celebrates women is a community of changemakers who believe in their strength. For an event as meaningful as the Excellence Awards 2025, it takes a jury that embodies the very values the awards stand for — leadership, vision, and purpose. Gulf News, in partnership with BeingShe, has officially revealed the jury panel for the fifth edition of the Excellence Awards, scheduled for June 14, 2025, in Dubai. This year's esteemed jury includes Dr. Sonia Ben Jaafar, CEO of the Abdulla Al Ghurair Foundation; Khalid Anib, CEO of Abu Dhabi National Hotels; Omer Elamin, President of Orient Group; Salima Gutieva, Vice President and Country Manager, Visa UAE; Samia Bouazza, Group CEO and Managing Director of Multiply Group; and Dr. Aisha bint Butti bin Bishr, former Director General of Smart Dubai. With more than 20 major award categories, this year's awards allow nominees to choose sub-categories aligned with their expertise. A new addition this year is the 'Women Under 30 – Rising Stars of the Future' category, dedicated to highlighting the next generation of bold, purpose-driven women. The announcement of the jury adds further momentum to the event, bringing together voices from across sectors who are passionate about recognising and empowering women. What moved me to join the jury panel this year was the opportunity to listen to and learn from women whose journeys reflect courage, creativity, and purpose,' said Dr. Sonia Ben Jaafar, CEO of the Abdulla Al Ghurair Foundation. 'The Excellence Awards offer a space to shine a light on stories that often go unheard, particularly those of young women who are already shaping their industries in meaningful ways. Recognition can be a powerful motivator when it comes from a place of authenticity. What matters most is that these moments of celebration help open doors, widen networks, and build confidence — not just for the winners, but for every woman who sees herself reflected in their story.' Khalid Anib, CEO of Abu Dhabi National Hotels, noted: 'The Excellence Awards play a vital role in empowering women in the UAE. Creating visibility and celebrating the achievements of those who are making a difference in various sectors, the awards are also a source of inspiration for the next generation of leaders. Being part of the jury panel allows me to witness the incredible talent, resilience, and vision that women across the UAE bring to the table. It's deeply rewarding to be in a position where I can support and contribute to a culture that celebrates ambition, empowerment, and inclusion.' 'I am thrilled to be a part of the esteemed jury panel for the Excellence Awards 2025,' said Omer Elamin, President of Orient Group. 'I believe the Excellence Awards have a significant impact on empowering women in the UAE. These awards shine a spotlight on the remarkable achievements of exceptional women entrepreneurs, ensuring they receive the recognition and appreciation they deserve. Being a firm believer in the leadership capabilities of women and their vital role in society, I am inspired to contribute to this selection process. I am eager to share my perspectives and support the acknowledgment of these outstanding women.' 'It's an honour to join the jury for this year's Excellence Awards,' said Salima Gutieva, Vice President and Country Manager, Visa UAE. 'From business and technology to healthcare, the arts, and public service, these awards shine a light on the women leading change across the UAE. It's inspiring to see their impact and to help bring their stories to light. I have seen how powerful it can be when women are given the support and recognition they deserve. Yet many still face challenges when it comes to access — whether that's funding, visibility, or the right networks. Through initiatives like She's Next, Visa has had the opportunity to support women entrepreneurs and see firsthand the difference the right resources can make in helping them grow their businesses and reach their goals. That's why being part of this again this year is so meaningful to me.' Samia Bouazza, Group CEO and Managing Director of Multiply Group, added: 'These awards go beyond recognition — they're a reminder to every woman in the UAE that power starts from within. When you see women being celebrated for pushing boundaries, for showing up relentlessly despite resistance — it sparks self-belief and ambition in others. Being part of the jury is about championing that mindset — one that values not just the outcome, but the discipline, clarity, and resilience it takes to get there. It's about spotlighting women who didn't wait for a green light — they built their own paths and stayed focused on the bigger picture.' The Excellence Awards have been a powerful platform for recognising women's leadership, innovation, and resilience. From entrepreneurship and technology to the arts and philanthropy, these awards have honored women who are not just breaking barriers but are rewriting the rules of success. The 2024 edition saw keen participation from women across a variety of sectors including business, health, media, the arts and technology. More than 40 exceptional women from diverse domains were honoured at the 2024 edition at the Museum of the Future in Dubai on 8 June.
