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Declaration of dividends distribution to shareholders of First Insurance Company  for the year 2010

April 25, 2011

 

The fourth General Assembly of First Insurance Company decided in its meeting held on 24/4/2011 to approve the Board of Directors recommendation to distribute profits by 30 fils per share, which is 3% of the nominal value of the share which is equivalent to one Jordanian Dinar in its turn, for all shareholders registered in the company records on 21/4/2011.

 

The General Manager of the Company, Dr. Ali Al Wazani stated during the Ordinary General Assembly Meeting in which the companies moderator was present that the company’s profits reached 696 thousand dinars last year compared with a million dinars in 2009.

 

He also clarified that the company will work within the future plans to achieve total underwritten premiums of 13.2 million dinars, in addition to achieving a profit 4.5 percent of the capital for shareholders in the current year.

Dr. Al Wazani also pointed out that the company will work on opening two branches for the company, one in the governorate of Aqaba and the other in Amman’s licensing center in Marka.

 

He added that the assets of the company rose to reach 29.2 JD million last year, compared to 29.1 JD million in 2009, adding that the total underwritten premiums for the company rose to 11.2 JD million, compared with 8.8 JD million during the same period of comparison.

 

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