Al Buhaira National Insurance Co PSC 2024 IR
The report outlines Al-Buhaira National Insurance Co.'s financial, governance, and sustainability performance for the fiscal year 2024. The company reported insurance revenues of AED 1,448.9 million, representing a 17% increase from the previous year, despite facing net losses of AED 37 million due to severe weather events. Key sustainability milestones include the active role of its Sustainability Committee, established in 2023, and a significant 18.69% increase in digitalization investments to AED 4.8 million. Additionally, the company successfully implemented eco-friendly initiatives such as secure data shredding and electronic waste recycling, while increasing its localization ratio to 19%.
Company: Al Buhaira National Insurance Co PSC
Sector: Finance & insurance
Country: United Arab Emirates
Year: 2024
Type: IR
Pages: 202
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Al Buhaira National Insurance Co PSC
Integrated Report
The report outlines Al-Buhaira National Insurance Co.'s financial, governance, and sustainability performance for the fiscal year 2024. The company reported insurance revenues of AED 1,448.9 million, representing a 17% increase from the previous year, despite facing net losses of AED 37 million due to severe weather events. Key sustainability milestones include the active role of its Sustainability Committee, established in 2023, and a significant 18.69% increase in digitalization investments to AED 4.8 million. Additionally, the company successfully implemented eco-friendly initiatives such as secure data shredding and electronic waste recycling, while increasing its localization ratio to 19%.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Published
Mar 25, 2025
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Women on Board
Women in Management
Net Zero Target
Employees