Dubai Islamic Insurance & Reinsurance Co PSC (DFM:AMAN) Scaled Net Operating Assets : -0.04 (As of Sep. 2024)

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What is Dubai Islamic Insurance & Reinsurance Co PSC Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Dubai Islamic Insurance & Reinsurance Co PSC's operating assets for the quarter that ended in Sep. 2024 was د.إ930.98 Mil. Dubai Islamic Insurance & Reinsurance Co PSC's operating liabilities for the quarter that ended in Sep. 2024 was د.إ965.61 Mil. Dubai Islamic Insurance & Reinsurance Co PSC's Total Assets for the quarter that ended in Jun. 2024 was د.إ963.43 Mil. Therefore, Dubai Islamic Insurance & Reinsurance Co PSC's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was -0.04.

Dubai Islamic Insurance & Reinsurance Co PSC Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Dubai Islamic Insurance & Reinsurance Co PSC's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2023 )
=	(Operating Assets (A: Dec. 2023 )	-	Operating Liabilities (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2022 )
=	(1050.978	-	1024.925)	/	1372.161
=	0.02

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1100.125	-	49.147
=	1050.978

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1024.925	-	0	-	0
=	1024.925

Dubai Islamic Insurance & Reinsurance Co PSC's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Sep. 2024 )
=	(Operating Assets (Q: Sep. 2024 )	-	Operating Liabilities (Q: Sep. 2024 ))	/	Total Assets (Q: Jun. 2024 )
=	(930.975	-	965.609)	/	963.433
=	-0.04

where

	Operating Assets		(Q: Sep. 2024 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	1012.109	-	81.134
=	930.975

	Operating Liabilities		(Q: Sep. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	965.609	-	0	-	0
=	965.609

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Dubai Islamic Insurance & Reinsurance Co PSC Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

Oud Metha Road, Bur Dubai, P.O. Box: 157, Gulf Tower - B1 Mezzanine Floor, Dubai, ARE

Website

https://www.aman.ae

Dubai Islamic Insurance & Reinsurance Co PSC mainly issues short-term Takaful contracts in connection with motor, marine, fire, engineering, general accident risks, group life, credit life, individual life, and medical risks. The company also invests in investment securities and properties. The business operates in various segments that include Takaful Activities, Investment Activities, and Others. The Takaful Activities which include general and life insurance business generate maximum revenue for the company.