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Oman Insurance Company Psc (United Arab Emirates)

Main Activities: Direct Life, Health, and Medical Insurance Carriers | Direct Insurance (except Life, Health, and Medical) Carriers
Full name: Oman Insurance Company Psc Profile Updated: November 01, 2020
Buy our report for this company USD 29.95 Most recent financial data: 2019 Available in: English & Arabic Download a sample report

Oman Insurance Company (OIC) has been established in 1975, a subsidiary of Mashreq Bank (PSC), is a United Arab Emirates-based Company that is engaged in the insurance business sector. Its products consist of Life Insurance, Health Insurance, Motor Insurance, Marine Cargo & Hull Insurance, Aviation Insurance, Fire & General Accident Insurance, Engineering Insurance, Liability Insurance and Personal Lines Insurance. It operates through a network of more than 15 branches in the United Arab Emirates, and also has a presence in Oman and Qatar. The company has won Corporate Social Responsibility Award for 2007, the Training Initiatives Award for 2005, 2006 and 2007 and Mohammed Bin Rashid Al Maktoum (MRM) Business Award in the financial sector for 2007.

Legal Address
Al Maktoum Street,Al Maktoum Building Number 24 ,Deira
Dubai; Northern Emirates;

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Website: http://www.tameen.ae

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Ratings:
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Incorporation Date:
1975
Key Executives
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Chairperson
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Vice Chairperson
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
Ownership Details
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63.94%
Subsidiaries
Synergize Services FZ L.L.C
100%
Equator Insurance Agency L.L.C
99.97%
ITACO Bahrain Co W.L.L (Bahrain)
60%
Company Performance
Financial values in the chart are available after Oman Insurance Company Psc report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency AED. Absolute financial data is included in the purchased report.
Net insurance premium revenue
-0.12%
Operating profit (EBIT)
-17.86%
Net Profit (Loss) for the Period
11.13%
Total assets
6.56%
Investments
4.06%
Receivables
-9.69%
Total equity
7.53%
Net Premiums Earned Trend
N/A
Net Profit Trend
N/A
Return on Equity (ROE)
0.26%
Loss Ratio
2.24%

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