In our opinion, the accompanying summary financial information derived from the audited financial statements of Al Ittihad Al Watani (General Insurance Company for the Near East S.A.L.) – UAE Branches (“the Branch”) for the year ended 31 December 2022 is consistent, in all material respects, with those audited financial statements.
The Branch’s summary financial information derived from the audited financial statements of the Branch for the year ended 31 December 2022 comprises:
The summary financial information does not contain all the disclosures required by International Financial Reporting Standards framework applied in the preparation of the audited financial statements of the Branch. Reading the summary financial information, and the auditor’s report thereon, therefore, is not a substitute for reading the audited financial statements and the auditor’s report thereon. The audited financial statements, and the summary financial information, do not reflect the effects of events that occurred subsequent to the date of our report on the audited financial statements.
We expressed an unmodified audit opinion on the audited financial statements in our report dated 26 April 2023.
Our responsibility is to express an opinion on whether the summary financial information is consistent, in all material respects, with the audited financial statements based on our procedures, which were conducted in accordance with International Standard on Auditing 810 (Revised), ‘Engagements to Report on Summary Financial Statements’.
PricewaterhouseCoopers
2 May 2023
Rami Sarhan
Registered Auditor Number 1152
Abu Dhabi, United Arab Emirates