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The net profits of the nine-month period ended 30th September 2009 stands at Dhs177m as against Dhs334m as on the same period in the previous year.
H.E. Matar Humaid Al Tayer, Chairman, Oman Insurance Company (P.S.C.), said:
"The third quarter results achieved by Oman Insurance Company (P.S.C.) in light of all the challenges in the market, clearly reflects its policies, strategies and financial strength. The results achieved reiterate the company's ability to adapt to all circumstances and at the same time motivate to maintain the leadership position in the Insurance industry."
Mr. Abdul Muttalib Mustafa Al Jaidi, Chief Executive Officer, said, "The fact that Oman Insurance Company (P.S.C.) has achieved these results in a challenging market situation, reflects the technical strength of the company, the quality of services the company provides and also indicates the trust and confidence of our customers. Further, the company is well-on target to achieve its business objectives for the year 2009."
"The Company will continue launching innovative products. This diversified product base will ensure Oman Insurance Company to continue as a market leader in the region," he added
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Posted by Rana Mesbah
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