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On the occasion, Hussian al Meeza, Managing Director, AMAN, said:
"With the Increase in paid up capital, AMAN will be able to implement its corporate strategy aimed at playing a leading role in the field of Takaful insurance in UAE and the region. AMAN will continue its local and regional expansion by enhancing its presence through opening new branches in the UAE and other countries in the region."
He noted: "AMAN shareholders today approved a landmark policy decision to allow foreign ownership. This decision heralds a new era for AMAN."
AMAN held its AGM during the previous week and shareholders approved distribution of 15 per cent cash dividend and 15 per cent bonus shares to the shareholders. In a landmark decision, for the first time in its short history of three years, the Islamic insurer also announced distribution of 2 per cent profits to its policyholders at the AGM.
Posted by Anne-Birte Stensgaard, Senior News Editor
