AMAN signs an agreement with Kuwait based Boubyan Takaful Insurance Company

The agreement complements the accomplishments achieved by Aman during its three years of operations.

Commenting on this agreement Mr. Hussein Mohammed Al Meeza Managing Director of Aman said

"This agreement with Boubyan Takaful Insurance Company comes at a time when Aman achieved major milestones in its operations including record growth of Takaful installments, launching new Takaful products that suits its costumers requirements, provide saving and credit insurance schemes via banks, and activate its website to facilitate its Takaful services to customers by utilizing state of the art technologies".

"Aman is the first Takaful Insurance Company that provide management and operation services to customers outside the UAE, reflecting the confidence we have in our capabilities and also to achieve our noble aim to support the spread out of Takaful insurance locally and globally" added Mr. Al Meeza.

The agreement comprise of three phases; first to set up the administrative and technical structure of Boubyan, second to officially manage the operations, and finally the maintenance phase which include auditing and follow up.

It is essential to mention here that Aman has increased the capital of the company from AED 60 to AED 200 million over the last three years to support its expansion plans locally and globally and to enhance its capabilities in the wake of the incense competition in the insurance markets.