June 10, 2024 | 3 days ago

Alliance Assurances will pay a dividend of 30 DA per share for 2023.

Alliance Assurances unveiled increased financial results for the year 2023 in a statement on Sunday, June 9.

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Alliance Assurances, the only Algerian insurance company listed on the Algiers Stock Exchange, reported a revenue of 5.851 billion dinars, an increase of 7.4% compared to 2022.

During its annual general meeting in Algiers, Alliance Assurances announced a net profit of 439.99 million dinars for 2023, down from 542.97 million on December 31, 2022, according to the statement.

"New technologies and AI, which are now central pillars in Alliance Assurances' vision."

"Regarding dividends, the Assembly approved a distribution of 30 dinars per share for the 2023 fiscal year (down from 35 DZD in 2022). In compliance with the legal dividend payment deadline, Alliance Assurances informs all its shareholders that their dividends will be paid by September 30, 2024," the company stated.

Alliance Assurances "welcomes this positive result, which could not have been achieved without the efforts of all its teams and commercial network, as well as its discipline in executing its financial strategy. This strategy focuses on commercial excellence through new technologies and AI, which are now central pillars in Alliance Assurances' vision."

Founded by Hassen Khelifati, the company asserts that "in line with point 23 of the 54 commitments in the President of the Republic's program aimed at improving and modernizing the insurance sector," it continues "to commit to digital transition and spares no effort to support the promotion and modernization of the insurance sector as a whole."

June 11, 2024 | algeria-logo