Page 6 - afkar1

Economic News

Kuwait Projects Company (Holding) visits
gig | Arab Orient Insurance building

Mr. Isam Abdelkhaliq, the CEO of gig | Arab Orient Insurance, and a number of executive managers of the company
received a visit to the building from Mr. Faisal Al Ayyar, Vice Chairman of KIPCO, on Saturday, October 18, 2014. He was
accompanied by a number of senior managers of the company, as well as His Excellency Mr. Abdel Karim Kabariti; Chair-
man of Jordan Kuwait Bank and His Excellency Mr. Naser Lozi; Chairman of Arab Orient Insurance.
The guests have expressed genuine admiration and appreciation for the high level of services and facilities of gig | Arab
Orient Insurance building which makes an ideal working environment that motivates the team to grow, give, and
achieve. The building includes a cafeteria, which can accommodate nearly a hundred people, as well as a gym, medical
clinic, chapel (one for men and another for women), entertainment hall, spacious meeting halls, technical departments,
and Customer Care Center.
During the visit, the guests expressed their true pleasure to witness the growth and success of the Company in the local
market, thanks to the great efforts of the management. They conveyed deep thanks to the CEO, all managers and
employees and wished ongoing progress and achievements to the organization.
It is worth noting that KIPCO is the parent company of Gulf Insurance Company which is the mother company of Arab
Orient Insurance, and it owns more than 90% of its capital. KIPCO is also the mother company of Kuwait Burgan Bank
which is the mother company of Jordan Kuwait Bank, and it owns more than 51% of its capital. KIPCO's assets exceed
USD 30 billion, and it is the strategic partner with Fairfax – Canadian Financial Holdings in the ownership of Gulf Insur-
ance Company, and a member of its Board of Directors, with a turnover of USD 30 billion which enhances the partner-
ship between both big companies.

6