ABNIC
Al Buhaira National Insurance Company PSC
شركة البحيرة الوطنية للتأمين
Founded: N/A
HQ: Sharjah, United Arab Emirates
Category: Insurance Company
Presence: UAE
Al Buhaira National Insurance Company PSC is a UAE-based insurance company headquartered in Sharjah, United Arab Emirates, offering retail, sme, corporate insurance solutions to retail, sme, corporate customers.
This page is an independent public reference guide prepared using publicly available information in the UAE. It is designed to help users understand Al Buhaira National Insurance Company PSC, its services, relevant support networks, and insurance-related pathways in the UAE.
Insurance Company Fact Sheet
| Full Legal Name | Al Buhaira National Insurance Company PSC |
| Short Name | ABNIC |
| Arabic Name | شركة البحيرة الوطنية للتأمين |
| Year Established | 1978 |
| Headquarters | Sharjah, United Arab Emirates |
| Chairman | Sheikh Faisal Bin Khalid Sultan Al Qasimi |
| CEO | Issam Mohd Saleem Mehdawi (Acting CEO) |
| Insurance Type | Composite |
| Business Class | Retail, SME, Corporate |
| Main Lines of Business | Motor, Medical, Property, Marine, Engineering, Liability |
| Regulators | Central Bank of the UAE, DOH, DHA |
| Listing Status | Public |
| Listing Authority | Abu Dhabi Securities Exchange (ADX) |
| Rating | S&P Global – B- | Developing Outlook |
| Available on eSanad | Yes |
| Website | https://www.albuhaira.com |
Company Overview
Who is ABNIC
Al Buhaira National Insurance Company PSC (ABNIC) is a conventional insurance company operating in the UAE and headquartered in Sharjah, United Arab Emirates. It operates as a retail, sme, corporate insurer licensed by the Central Bank of the UAE.
Core ABNIC Insurance Services
ABNIC provides retail, sme, corporate insurance products including motor, health and travel insurance for individuals and group medical, property and commercial lines for businesses.
Market Presence in the UAE
ABNIC operates across the UAE with a focus on Sharjah, United Arab Emirates-based operations and serves retail, sme, corporate insurance segments.
Key Business Segments
The company's primary customer segments are: Retail, SME, Corporate.
Insurance Products Offered
Products offered by ABNIC available through eSanad.
Motor Insurance
Comprehensive and third-party motor policies for private vehicles underwritten by ABNIC.
Individuals seeking vehicle coverage in the UAE.Health Insurance
Individual and family health plans available through ABNIC in the UAE.
Residents requiring UAE-compliant health coverage.Travel Insurance
Single and multi-trip travel cover offered by ABNIC.
UAE residents travelling domestically and internationally.Home Insurance
Contents and structural protection for UAE residences.
Tenants and homeowners protecting their property.Group Medical Insurance
Employer-sponsored group health plans underwritten by ABNIC.
Companies fulfilling UAE health insurance obligations for employees.Motor Fleet Insurance
Fleet vehicle policies for businesses with multiple vehicles.
Companies managing car fleets or logistics operations.Property Insurance
Commercial property and asset coverage for businesses.
Businesses protecting offices, warehouses and assets.Professional Indemnity
Liability protection for professional service providers.
Consultants, engineers and service firms.Strengths & Capabilities
CBUAE Licensed
ABNIC is licensed and regulated by the Central Bank of the UAE, ensuring compliance with all UAE insurance regulations.
Retail, SME, Corporate Coverage
Offers a retail, sme, corporate range of insurance products suitable for retail and sme and corporate customers.
UAE Market Experience
ABNIC has significant experience operating within the UAE insurance market.
Sharjah, United Arab Emirates Headquarters
Headquartered in Sharjah, United Arab Emirates, ABNIC maintains a strong local presence and service capability.
Official Market & Regulatory Information
The following are official regulatory and market bodies relevant to Al Buhaira National Insurance Company PSC.