{
  "id": 19636641,
  "title": "Orient Insurance shareholders approve 100% capital increase to Dh1 billion",
  "url": "https://urgent.news/2026/11/12/orient-insurance-shareholders-approve-100-capital-increase-to-dh1",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-12T09:47:21.000Z",
  "source": {
    "name": "Gulf News",
    "slug": "gulf-news",
    "url": "https://gulfnews.com/business/markets/orient-insurance-shareholders-approve-100-capital-increase-to-dh1-billion-1.500744808"
  },
  "original_language": "en",
  "account": "Dubai's Orient Insurance Group's shareholders have approved a 100% increase in the company's share capital, raising it from AED 500 million to AED 1 billion. The decision was made at the general assembly held on November 11. The increase will be achieved through issuing bonus shares to existing shareholders. The Capital Market Authority and the Central Bank of the UAE have not yet approved the proposal. Orient Insurance Group's President, Omer Elamin, described the vote as a significant milestone. The company expects the move to reflect its confidence in future prospects and its commitment to maintaining a robust financial base. In the first nine months of 2026, the company reported a net profit after tax of Dh727 million, a 10% rise from Dh658 million a year earlier. Insurance revenue grew by 17% to Dh8.05 billion. Total equity reached Dh6.46 billion, marking a 7% increase. Total assets expanded by 15% to Dh20.31 billion. For 2025, Orient Insurance Group earned Dh836 million, which is a 14.4% increase. The company's shareholders will receive new shares without any cost, as the increase is 100%. Each shareholder will receive one new share for every share they currently hold, and the value of each holding should remain unchanged. This means the share price will adjust to the larger share count, and shareholders will maintain their ownership percentage, as the move does not dilute their stake. A larger share count could enhance trading liquidity.",
  "summary": "Dubai: Orient Insurance shareholders approved a 100% increase in share capital, after shareholders gave a nod at the general assembly held on November 11. The company's share capital will increase from AED 500 million to AED 1 billion, the Al-Futtaim subsidiary announced. The Dh500 million increase will come through bonus shares issued to existing shareholders. The Capital Market Authority and…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}