National General Insurance (NGI) is a duly accredited national insurance company, established in Dubai in 1980. In 1995, the Emirates Bank Group acquired NGI and realigned business units to capitalise on the growing insurance market, particularly medical insurance. In early 2001, NGI was converted to a public shareholding company and is listed in the Dubai Financial market with authorised and paid up capital of Dhs. 72 Million. The major shareholders are: Emirates International Bank Commercial Bank of Dubai Al Zarouni Group Dubai Investments Omar Bin Haider Group Sheikh Mana Khalifa Al Makhtoum With its existing strong financial and infrastructural base NGI is dedicated to quality customer service in all aspects of its business. The company is equipped with highly qualified and experienced professionals. They focus on providing right advices and offer covers meeting the requirements of the clients. Claims processing functions are streamlined in order to provide timely settlements. The company has opened its first branch in Sheikh Zayed Road, Dubai, for increased operations and customer services and plans to open more branches across the United Arab Emirates. To achieve market supremacy through the provision of Total Insurance Solutions and dedicated premier services which not only meet but exceed our customers expectations. To ensure that our commitment to our customers is first and foremost in all aspects of our activities thus ensuring the enhancement, expansion and growth of the Company to the long term, sustainable benefit and satisfaction of our stakeholders. NGI has been on a consistent growth since the last 5 years. In the year 2003 the company had a growth of 18% with the premium portfolio of AED 69 Million. For the year 2004 the company has performed well in terms of both premium, growth and profitability. The company has achieved a profit of AED 30 Million for the year ended 31st December 2004 with gross premium written being that of AED 89 Million which is a 29% growth as compared to 2003. NGI’s technical reserves grew at the end of the year of 2004 to AED 25.2 Million as compared to 12.7 million of the previous year. The shareholders equity increased to AED 118.39 Million from AED 82.55 Million as of December 2003, with the share capital being AED 63 Million. The total investments of the company are AED 175 Million as compared to AED 122.7 Million as at 31st December 2003. The earnings per share are currently 6.3 as compared to 2.20 in 2003.