UAE’s AMAN Insuarnce Elects New Board of Directors

Dubai Islamic Insurance & Reinsurance Company (AMAN) held its Annual General Meeting on March 21, 2012, at the Godolphin Ballroom of the Emirates Towers.

During the meeting, the committee present approved the reporting of the company’s balance sheet and profit & loss account reports for Financial Year 2011-2012 and also elected the board of directors for the ensuing terms.

The newly elected board is composed of Mohammed Omair Al Mohairy, Salem Rashid Al Mohanadi, Hussein Mohammed Al Meeza, Saleh Abdullah Lotah, Yousef Ali fadel bin Fadel, Abdullah Ibrahim Al Dabous and two new members, Naser Falah Al Qahtani and Abdul Raheem Mohammed Al Zarouni.

The general meeting also covered the review of the reports submitted by the board of directors and the report of the Fatwa and Shari’a Supervisory Board on the company’s business for the same period. The meeting marked the end of the terms for FY 2011 of current board members and auditors. Aside from the election of new board members, the committee also appointed auditors for the Fiscal Year 2012-2013. “We are confident that the insurance industry will experience more growth as reflected in the industry’s posted value of Dhs22bn in 2011,” said Mohammed Bin Omair Al Muhairi, Chairman of AMAN Insurance.

“2011 was a very good year for us, demonstrated by both the vibrancy of the Middle East region’s Takaful insurance segment and the increasing demand for our key insurance products and solutions,” Hussein Al Meeza, Managing Director and CEO of AMAN Insurance.