The Company′s mission is:
- To ensure quality service and customers’ satisfaction.
- To match our insurance policies and service offerings with customer requirements.
- To efficiently continue find better ways of working to deliver improvements in risk management and operational efficiency.
Was founded by 52 prominent members who joined forces in 1996 to form the largest UAE Public Shareholding company with a paid up capital of AED 380 Million( Equivalent to US$ 103.5 Million). The founding members subscribed 45% of the capital and the remaining 55% was offered to the public. The offer was substantially over subscribed with the Company having nearly 50,000 shareholders - a record. The Company obtained its registration to operate at end January 1997. The actual operation was launched in March 1997.
Established by decree No 4
Mode of Finance
Paid Up Capital:
380 million UAE Dirhams.
(last updated: 01-June-2008)
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