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Economic
News

The fourth meeting of gig | Arab Orient Insurance’s Board of Directors

The Board of Directors of gig | Arab Orient Insurance held its fourth meeting for the year 2016, on Monday
25/07/2016 headed by The Chairman, Mr. Naser Lozi and attended by the member of The Board of Directors
and the CEO, Mr. Mustafa Melhem.
The Board discussed the financial results for the second quarter as of 06/30/2016, which were considered
excellent and the best locally in terms of written premiums and profits, whether on the local level or internal
results.
The Chairman, Mr. Naser Lozi, declared that the company’s performance by the end of the second quarter of
this year was good. The written premiums reached JOD 62 million compared to JOD 54.9 million in 2015 with
an increase of 13%. The paid compensations reached JOD 42 million compared to JOD 32 million in 2015. The
financial statements showed that the percentage of growth reached 21% compared to 2015 with an icrease of
17%. The bank deposits increased by JOD 35.93 million, this is a great indication of the company’s capability and
solvency, which makes it the best choice and the safest option for enterprises, corporations and institutions.
It also enhances its clients and employees’ trust. The Chairman also thanked the CEO and the members of the
Board of Directors on the continuous efforts that turned it into a great success.

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