Subject: Disclosing Results of Board Meeting of Oman Insurance Company (P.S.C).
Dear Sir,
With reference to the above subject, we would like to inform you that the Board of Directors of Oman Insurance Company (P.S.C) (the "Company") convened today Wednesday, 27-07-2022, at 11:00 am through Teams' video conferencing.
The Board of Directors has discussed the following agenda and resolved as follows:
Oman Insurance Company (P.S.C.), Paid up Capital 461,872,125, C.R. No. 41952, Insurance Authority No. 9 dated 24/12/1984 TRN 100258594900003 Head Office: P.O. Box 5209, Dubai, United Arab Emirates. Tel.: +971 4 233 7777, Fax: +971 4 233 7775, www.tameen.ae
Classification: OIC-Business
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Oman Insurance Company PSC published this content on 27 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 July 2022 11:43:01 UTC.
Oman Insurance Company PSC, a subsidiary of Mashreq Bank (PSC), is a United Arab Emirates-based company engaged in the business of issuing short-term and long-term insurance contracts, which are issued in connection with general insurance, individual life, group life, personal accident, medical and investment linked funds. The Company is organized into three business segments: the General Insurance segment comprises property, motor, general accident, aviation and marine risks; the Life Insurance segment includes individual life (participating and nonparticipating), medical, group life and personal accident, as well as investment linked funds, and the Investment segment comprises financial and non-financial investments. The Company also has operations in Oman and Qatar. As of December 31, 2011, the Company held 99.97%-stake in its subsidiary, Equator Trading Enterprises LLC. In September 2012, the Company acquired 51% stake in Dubai Group Sigorta SA.