Osama Abdel-Raouf Abdeen, Chief Executive Officer of Abu Dhabi National Takaful Co. PSC (ADNTC), the leading Takaful driver in the GCC. He has been named amongst the GCC's 100 Best Chief executive officers at the Top CEO Awards for 2017 arranged by Mediaquest.
The elite roster of top-performing CEOs in the Gulf is put together every year by Mediaquest's FADS magazine, the leading magazine on Arab events in the MENA region, in association with world-renowned business school INSEAD. The requirements for the selection process were set by independent economic and governance professionals and were based on monetary factors consisting of profits, revenues, assets, company size, revenues per share, business governance and openness, market capitalization, and market price. Adhering to detailed analyses of listed companies in the GCC stock exchange, 100 honorees were picked from which 17 are from the insurance policy area, with six of them standing for UAE-based companies.
Abdeen has been honored for his remarkable function in driving ADNTC's continual rewarding development and aiding boost its regional position as a leading Takaful operator and the just one around the world with an A- (superb) monetary strength ranking from AM Finest. He signed up with ADNTC in 2010, bringing with him greater than 24 years of experience in modern workplace across numerous territories, backed by solid functional monitoring experience. Throughout his occupation, Osama has actually added greatly to the development of the arising insurance coverage markets in the Middle East and has actually positively influenced the development of gifted insurance professionals in the region working under his leadership. He was the initial employee hired by the American International Group (AIG) general insurance in 1999 in the UAE. He thought a variety of vital duties during his period with AIG (1999-2010).
He has been directly involved in several procurements, geographic developments and market penetration jobs, with a tried and tested performance history in leadership and comprehensive technological insurance policy knowledge that has actually made him a famous industry figure.
After joining Abu Dhabi National Takaful Company in 2010, he efficiently led the company to advance right into a very profitable and recognized Takaful operator.
From 2010 to 2016, and despite dominating market conditions, ADNTC reported regular yearly growth in internet profits (from AED 2.6 to AED 48.4 million) and shareholder's equity (from AED 106 to AED 271 million) marking seven consecutive years of sustained exceptional efficiency across key financial and non-financial performance signs. On top of that, the company introduced a 12 per cent boost in web earnings to AED 20.1 million in Q1 2017.
Abdeen commented: "I am very honored to get this prestigious, trustworthy and independent award, and I want to offer due credit to ADNTC's recognized board participants and very experienced team that all share the vision of offering the very best Takaful product or services. We continuously take pleasure in an outstanding market performance through our concentrate on demonstrating the viability of the Takaful idea as a rewarding business version. ADNTC stays fully commited to focusing on sound underwriting, smooth customer support, item innovation, sound corporate governance and openness for the good of our organization, our companions, customers, and our globally-expanding industry."