Orient Insurance, a prominent member of the Al-Futtaim Group, has received the green light from its shareholders to double its share capital from Dh500 million to Dh1 billion. This strategic move, sanctioned during the latest General Assembly, aims to bolster the insurer’s financial standing and provide a solid runway for future growth. The company plans to facilitate this increase by issuing bonus shares to current investors rather than launching a new cash subscription, though the final execution remains pending approval from the Central Bank of the UAE and the Capital Market Authority.

This decision comes on the heels of a robust performance in the first half of 2026, where the firm reported an 8 percent jump in net profit, reaching Dh545 million. With revenue climbing 17 percent to Dh5.22 billion and total assets crossing the Dh20 billion mark, the company is clearly in a strong position to scale. Omer Elamin, President of Orient Insurance Group, emphasized that this capital injection is vital to the firm’s long-term vision, ensuring they remain agile enough to meet shifting market demands while continuing to generate value for their stakeholders. Further details regarding the rollout will be shared once all regulatory hurdles are cleared.