AIG News
|
15/05/2011
Mr. Ayed Al Sabawi is appointed a Investment Management and Corporate Development
to the AIG headquarters. We wish him progress and success in his new job.
|
|
|
04/05/2011
The meeting of the AIG general assembly was held on 28/4/ 2011
at the company headquarters in RAM ALLAH via video conference
with the city of GAZA and AMMAN.
The following decisions were taken;
1.The minutes of the last year,s meeting were approved.
2.The report submitted by the chairman of the board of directors for the financial works for the year 2010 was
approved.
3. The auditors TALAL ABU GHAZALA affirmed that there were no mistakes or discrepancies in the
financial statements of the company for the financial year 2010.
4. The balance sheet and closing accounts for the financial year 2010 were approved.
5. The members of the board of directors were released from their obligations to the works of the
year 2010.
6. Approval was given to increase the members of the board of directors
for the new cycle to 9 instead of 5.
7. The members of the board of directors whose names are given below
were elected for the cycle (2011-2012-2013-2014).
- Dr. MUHAMMAD ALSABWI in his personal capacity
- Omar Yusef AL SAraj in his personal capacity.
- Lodo Estates Inc Represented by NADHIM SHAKER AUCHI
- Kareem ABDUL MOHSEN AL a,akbbi in his personal capacity.
- Hassan Khalel Udu in his personal capacity.
- Ahmmad Awadh Alsalahat in his personal capacity.
- The general organization for insurance and pension. Represented by Farooq Mumtaz Al franji.
- KHALID MUHAMMAD AL SABAWI in his personal capacity.
8.The auditors TALAL AB U GHAZALA were elected for the financial year 2011.
|
|
|
04/05/2011
The first meeting of the board of directors for the year 2011 was held
on 28/ 4/ 2011 in Amman and Gaza and the following decisions were made;
1.A recommendation was made to the ordinary general assembly that the number of the board members be increased to 9 instead of 5.
2.A recommendation was made to the general assembly that a proposed list of the board members numbering 9 and meeting the conditions as
provided for in the by-law be approved.
3.A recommendation was made to the general assembly that the contract made with the auditors TALA ABU GHAZALA be renewed
for auditing the company, s accounts for the year 2011.
4.Approval was given to make the necessary arrangements for the sixteenth meeting of the ordinary general assembly to be held.
|
|
|
20/04/2011
It has been decided to hold the 16 th meeting of the AIG shareholders' general
assembly's at 6 pm on 28/ 4/ 2011 at the company headquarters in the city of
RAM ALLH via video conference with the company's premises in the city of
GAZA and AMMAN
for more details
Click here
|
|
|
16/02/2011
The AIG has releasd the initial final statments for the
financial year 2009 to the Palestine Securities Exchange
To see statements please
Click here
|
|
|
28/11/2010
Mr.Sobhi Othman is promoted to debuty director of Nablus branch We wish him progress in his work.
|
|
|
11/11/2010
The AIG family extends its warmest congratulations and best wishes on the advent of the Eid al-Adha.
|
|
|
11/11/2010
The following appointments have been recently made:
- Mr. Soufian Abdel Raheem Walweel is appointed as executive assistant general manager.
- Mr. Mustafa Mohammad Abdel Qader Zayed is appointed as assistant general manager for technical affairs.
- Mr. Nedal Yousif Zayed is appointed as director of Nablus branch.
- Mr. Adnan Hussain Obaid is appointed as head of accounts, headquarters.
- Mrs. Maha Yaaqoub Samaan Nasrallah is appointed as director of general manager's office.
- Mr. Basem Awadallah Soulaiman Al Salahat is appointed as head of collection department.
|
|
|
11/11/2010
The following Promotions have been recently made:
- Mr. Mohammad Hasan Magdi Abu Thuraia is promoted to acting health insurance officer.
- Mr. Hatem Abdel Afu Al Alyat is promoted to dirctor of Ramallah Branch in addition to doing the work of director of motor department.
- Mr. Raslan Ahmad Yousif is appointed to head of vehicle material damage department, Ramallah Branch.
- Ms. Rawand Ahmad Zuhdi Juma is promoted to assistant head of general insurance (non-life) department, Ramallah Branch.
- Mr. Eyad Yaseen Al Shella is promoted to head of motor dealing insurance department, Ramallah Branch.
- Mr. Mahmoud abdel Hafez Omair is promoted to assistant head of motor dealing insurance department, Ramallah Branch.
- Mr. Muaeed Ibrahim Alawna is promoted to accountant, Ramallah Branch.
- Mr. Qamar Salah Muraaeb is promoted to deputy director, Hebron Branch.
|
|
|
11/11/2010
Has in recent resignation each of the following::
- Ghadeer Mouhammad Ziyad Arafat
- Dalal Ibraheem Jarrar
- Anwar Mouhammad Al Shanti
- Yaqoub Moustafa Al Kalouti
- Khalid Mohammad Ayesh
- Khalil Issa Khlaif
- Nader Jamal Haj Ali
- Khair Al dein Mohammad Mousleh
- Dawoud Mohammad Abu Ali
- Thaer Mamdouh Abdel Haq
- Khider Saleh Mahameed
- Adel Mousa Abu Daia
- Badeiaa Khalil Al Souri
- Ziyad Ramzi Loubada
- Mouhammad Ahmad Abdel Raziq
|
|
|
11/11/2010
On 18/09/2010 the general assembly's meeting of provident fund participants was held. Provident fund members as mentioned below for new terms for 2011, 2012, 2013, were elected:
- Khalil Mohammad Abdallah Khalil
- Riyad Mousa Mouhammad Al Atrash
- Ata Mohammad Asaad Ali
- Abbas Fathi Al Skafi
|
|
|
13/07/2010
The Palestine first conference under the motto "Together towards safety" was held from 29-30 June 2010.
The AIG sponsored the reception and dinner party attend by a large number of businessmen,
officials and representatives of the insurance companies, capital market authority, insurance
agents, the Palestine fund for road accident victims compensation and a number of guests from Jordan,
other Arab countries, France and other countries. The conference consisted of an opening session,
6 working sessions. At the last session a memorandum of understanding between the Palestinian
federation of the insurance companies and the association of insurance agents in Palestine was signed.
To peruse decisions and recommendations
please click here
|
|
|
17/06/2010
As the company's management is keen to comply with the insurance law and its
secondary legislations and develop and organize the insurance industry and as
the chairman of the board of directors – the general manager Dr. Mohammad Mustafa
Al Sabawi is determined to do so, a meeting was held on 10/06/2010 between the
general managers of the insurance companies,
for more details
Click here
|
|
|
03/06/2010
Mr. Basem Sulaiman Al Salahat is appointed a Public Relations Officer
to the AIG headquarters. We wish him progress and success in his new job.
|
|
|
31/05/2010
The AIG family extends heartfelt and warmest congratulations to Mr. Khalil Mohammad Khalil
on his promotion to Assistant General Manager wishing him progress and success in his new job.
|
|
|
25/05/2010
Under the framework of the social activities and contributions of the AIG and based on
its belief in its role in developing the capacities of the lawyers working in the field
of insurance the AIG's Legal Advisor/ Samir Al Madani delivered specialized lectures on
the insurance law during the course run by the site "law eyes" to 30 students who have
had first grades at the faculty of law.
for more details
Click here
|
|
|
20/05/2010
Under the framework of activities and social contributions of AIG and as it is keen to sponsor the economic, cultural and educational events of the Palestinian society the company sponsored the fifth Expo- Home exhibition of domestic furniture and its accessories "ExpoHome + 2010".
Mr. Khalil Al Haj, Director of Audit and control delivered a speech at the opening ceremony of the exhibition on behalf of the chairman of the board of directors.
A number of the company's staff attended the opening ceremony.
for more details
Click here
|
|
|
28/04/2010
Under the framework of activities and social contributions of the Ahleia Insurance Group and as it is keen to sponsor the economic, cultural and educational events of the Palestinian society the company sponsored the Palestine sixth educational exhibition ( PEDEX 2010 ) .
Director of audit and control delivered a speech at the opening ceremony of the exhibition on behalf of the chairman of the board of directors.
A number of the company's staff and employees attended the opening ceremony.
For more details please see the attached file.
for more details
Click here
|
|
|
27/04/2010
Under the patronage of the chairman of the board of directors the General Manager Dr. Mohammad al Sabawi a party was held at the headquarters in
Ramallah on 24/04/2010 in honor of some directors and employees for their hardworking
and outstanding performance for the year 2009. Certificates of recognition and
shields were distributed to them.
for more details
Click here
|
|
|
27/04/2010
Mr. Khalid Ayash has been appointed recently as director of Bethlehem branch.
|
|
|
|
|
21/04/2010
The AIG released it's financial statmentsthe for First quarter of 2010
to the Palestine Securities Exchange
To see statements please
Click here
|
|
|
|
|
15/04/2010
The fifteenth meeting of the company's shareholders ordinary general assembly was held on 29/03/2010 at the company's headquarters in RAMALLAH via video conference with Lo – Royal Hotel in Amman and the company's premises in Gaza .
The following decisions were made:-
1- The minuets of the previous meeting were approved.
2- The chainman of the board of director's, report on the financial year's works 2009 was approved.
3- The audit office Talal Abu Ghazalah confirmed that there were no remarks or discrepancies in the company's financial statements for the year 2009.
4- The general balance sheet and the closing accounts for the financial year 2009 were approved.
5- Approval was given to distribute cash profits (Dividends) to shareholders at 16% of the par value of the capital, i.e., at the rate USD 0.04 per share.
6- The members of the board of director's were unanimously released from their obligations to the works of the year 2009.
7- The decision to increase the number of the board members was postponed until the next meeting of the ordinary general assembly.
8- Messrs TalaL Abu Ghazalah were elected to audit the company's accounts for the financial year 2010.
|
|
|
28/03/2010
In accordance with the board of directors' decision shareholders are kindly
invited to attend the fifteenth meeting of the general assembly which will be held
in the company headquarters in Ramallah – Al Masyoun via video conference with its
premises in Gaza and Lourial Hotel in Amman at six o'clock on the evening of 29/03/2010.
for more details
Click here
|
|
|
02/03/2010
The AIG has revealed the final statement for the financial
year 2009 to the Palestine securities exchange.
To see statements please
Click here
|
|
|
15/02/2010
The AIG has releasd the initial final statments for the
financial year 2009 to the Palestine Securities Exchange
To see statements please
Click here
|
|
|
16/12/2009
The fourth meeting of the board of directors for 2009 was held at one o'clock sharp
on 13/12/2009 in Cairo. The following decisions and recommendations were made:
1- The minutes of the previous meetings were signed.
2- The report of the chairman of the board of directors for the works of the financial year
2009 was listened to and approved for presentation on behalf of the members of the board to
the next ordinary general assembly.
3- The actual results of the company as on 30/11/2009 estimated as on 31/12/2009 were approved.
4- All the financial policies adopted as in the previous years and consistent with the international
and local financial policies and guidelines of the Palestinian Capital Market Authority were approved.
5- Recommending that the next ordinary general assembly should distribute dividends to shareholders at
the rate of 60% of the capital (12% in cash and 4% in kind) to those registered on the date on which
the next ordinary general assembly meeting will be held.
6- The board of directors agreed to hold the next ordinary general assembly meeting in late March
2010 in the city of Cairo.
7- Approval was given to start procedures for the establishment of an Insurance Company Operating
in Turkish Cyprus. The chairman of the board of directors was empowered to sign all whatever is
needed on behalf of the company provided that the company contributes not less than 51% of the capital.
8- Shares floating movement of the company was noted.
9- The board of directors agreed to diversify the investment portfolio as suggested and deemed
fit by the chairman of the board of directors.
|
|
|
30/11/2009
At the invitation and attendance of the Chairman of the board of directors – general manager – on 21/11/2009
a workshop was held at the headquarters in the city of Ramallah entitled "audit and control" where
director of audit and control Mr. Khalil Mohammad Abdallah Khalil reviewed the objectives, scope and
standards of internal audit and control. Assistants to
the general manager, branch directors and the west bank departments attended this workshop.
|
|
|
10/11/2009
The by-law for the establishment of a social committee for the staff of the west bank and Gaza Strip branches
has been approved. The following, therefore, have been elected and appointed. Director of Marketing Unit.
for more details
Click here
|
|
|
10/11/2009
In order to furnish the company with more experienced personnel
the following have been appointed:
1- Khalil Mohammad Khalil - Director of Audit and Control Department, Headquarters.
2- Farid Kamal Karaja - Director of Ramallah Al-Tahta Branch.
3- Khair Al-Deen Sartawi - Director of Marketing Unit.
|
|
|
10/11/2009
To cope with the development and increase in the activities of the company the following are appointed:
1- Sally Abdel Haq - Health Insurance Employee, Headquarters
2- Nermeen Sabaghna - Secretary at Jenin Branch.
3- Thaer Adnan Abu-Hamda - Employee at Qalqilyeh Office.
4- Fadi Mostafa Eid - Employee at Bethlehem Branch
5- Hanin Khalil Taher - Employee at General Insurance Department, Headquarters
|
|
|
10/11/2009
Attending courses, symposiums and conferences:
1- Microinsurance course, held in Ramallah from 11/10/2009 to 15/10/2009
sponsored by the Palestinian Federation of the Insurance Companies and funded by USAID:
The persons who took the course are as follows:
1-Mr. Basem Al-Sabbagh - Director of Ramallah Branch .
2-Mr. Khair Al-Deen Mohammad Ali - Director of Marketing Unit .
2- Electronic Health Insurance and Financing Sources course held in Cairo from 25/10/2009 to
26/10/2009 sponsored by The General Secretariat of the Arab Insurance General Union:
The persons who took the course are as follows:
1- Mr. Basem Al-Sabbagh - Director of Ramallah Branch
2- Mr. Hatem Al-Aliat - Director of Motor Department, Headquarters
3- Mrs. Ghadeer Arafat - Deputy Director of Nablus Branch
3- The Fifteenth meeting of Life Insurance and Takaful Committee held in Abu-Dhabi from 01/11/2009 to
02/11/2009 sponsored and funded by The Arab Insurance General Union:
The person who did the course is as follows:
1- Mr. Dawod Mohammad Abu-Ali - Director of Bethlehem Branch
|
|
|
29/10/2009
The AIG released it's financial statmentsthe for third quarter of 2009
to the Palestine Securities Exchange
To see statements please
Click here
|
|
|
20/10/2009
Mr. Samir Al Madani, the AIG's legal advisor,has run a training course for trainee lawyers
in insurance law and how to calculate compensation at the Palestinian Democratic Consortium for
lawyers and jurists. 30 trainees, female and male, participated in this course which lasted four
days for 10 training hours. |
|
|
27/09/2009
The following appointments have been recently made:
* Mrs. Feda Ismail Hasan Issah is appointed as assistant administrator at the general manager's office at the company headquarters in the city of Ramallah.
* Amin Salem Ahmmad Al-A'amareen is appointed as an investigator and inspector at Hebron branch.
* Khair Al-Deen Musleh is appointed as marketing unit director at the Headquarters.
* Gorgait Bishara Shamia is appointed as receptionist at the Headquarters.
* Abdul Hadi Sameeh Nassar is appointed as assistant administrator at compensation department at the Headquarters.
* Tarek Fathi Darweesh is appointed as general insurance employee at Headquarters.
* Rawan Taha Salama Adaria is appointed as an issue and dealing employee in Nablus branch.
|
|
|
31/07/2009
The third meeting of the board of directors for 2009 was held on 23/07/2009.
|
|
|
20/07/2009
Mr. Anwar Al- Shanti, assistant general manager, attended a re-insurance course from 05/09/2009 to 09/07/2009 in Cairo. |
|
|
31/05/2009
Mr. Sameer almadani, the AIG's legal advisor, has run training
Course entitled "insurance law and Palestinian compensation" at the Palestinian association of lawyers.
The course was attended by 30 lawyers. The course lasted for 4 days and consisted of 10 training hours
for more details
Click here
|
|
|
20/05/2008
Mr. Riyad Al- Atrash attended the second international conference on
insurance marine transport held from 11/05/2009 to 15/05/2009 in Jordan.
|
|
|
15/04/2008
By applying the methods of solvence margins calculation according to the regulations of
Palestine Capital Market Authority we are proud to announce that AIG Solvency Margin as
at 31/12/2008 is 277 % this reflects our financial strength.
|
|
|
12/04/2009
The 14th meeting of the ordinary general assembly was held on 27/3/2009 in the city of Cairo via video conference between
the AIG headquarters in the city of Ramallah and AIG premises in the city of Gaza.
The following decisions were approved at the meeting:
1- The minutes of the previews year were approved as the were.
2- The report submitted by the chairman of the board of directors for the financial year 2008 was approved.
3- The audit office earnest wing emphasized that there were no violations and remarks regarding the AIG's financial data for 2008.
4- The general balance sheet and closing accounts for the financial year 2008.
5- were approved. Approval was given unanimously to distribute profits (dividends) to shareholders at 16% of the capital at a rate of 12% in cash and 4% as free shares.
6- Approval was given unanimously to release the members of the board of directors from their obligations to the works of the year 2008.
7- Messers talal abu gazala were elected as auditors of the AIG's account for 2009.
|
|
|
12/04/2009
The second meeting the board of directors for 2009-04-12
Was held in Cairo on 27/03/2009
The following decisions and recommendations were made at the meeting:
1- The previous minutes were signed.
2- The names of the audit offices numberings 3 which had submitted offers to the AIG were presented to the general assembly to elect one of them.
3- The arrangements of the general assembly meeting were perused the previous recommendations of the board of directors on the distribution of profits were approved to shareholders at rate of 16% as shown below.
12% of the nominal value of the capital.
Cash distributions (at rate of US $ 3 dollars for each hundred shares) 4% of the share capital – free shares (at rate of 4 shares for each hundred shares).
The decision to invest £ 700.000 in a villa building projects in Turkish Cyprus was approved.
The chairman of the board of directors was authorized to sign the necessary documents on behalf of the AIG.
The decision to buy 4 million shares from those of the UCI was approved.
The chairman of the board of directors was empowered to do as he deems fit in this regards.
|
|
|
18/03/2009
The AIG has revealed the final statement for the financial
year 2008 to the Palestine securities exchange.
To see statements please
Click here
|
|
|
18/03/2009
In accordance with the decision of the board of director taken on
26/02/2009 we are pleased to invite the shareholders to attend the 14th meeting
of the general assembly which will be held in Cairo via video conference if possible, between
the AIG headquarters in Ramallah and it's premises in Gaza at 6 PM on 27/03/2009.
To see invitation please
Click here
|
|
|
18/02/2009
The AIG has releasd the initial final statments for the
financial year 2008 to the Palestine Securities Exchange
To see statements please
Click here
|
|
|
20/01/2009
The first meeting of the board of directors for 2009 was
held on 18/01/2009 at LORIAL HOTEL in Amman.
|
|
|
28/01/2009
The first meeting of the board of directors for 2009
Was held 0n 18/1/ 2009 in the city of Amman .
The following decisions and recommendations were made at the meeting:-
1)The minutes of the previous meetings were approved and signed .
2)The report of the chairman of the board of directors was listened to and approved for onward presentation on behalf of the members of the board of the directors to the ordinary general assembly.
3)The financial statements and closing accounts were perused and approved after being audited by the audit bureau for onward submission to the ordinary general assembly .
4)The next meeting of the ordinary general assembly was scheduled for the last week of march 2009.
5)A decision will be taken by the board of directions through passing recommending the distribution of profits (dividends) and the venue of the general assembly meeting at the end of February 2009.
6)The works of the investment committee were activated in order to formulate the company's investment policy in the existing conditions.
|
|
|
28/01/2009
Mr. Hamdi Attia lamma is appointed as director of personnel
department at the company's headquarters .
We wish him much success and progress in his work.
|
|
|
