AIG News
|
|
|
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.
|
|
|
04/12/2008
The AIG family extends its heartfelt congratulations to both the
Arab Muslim nations on the occasion Aid Aladha wishing you happy
many returns of the Aid.
The AIG is pleased to announce that Aid Aladha Holiday
will be from 07/12/2008 until 11/12/2008.
|
|
|
18/11/2008
Dr : Mohammad Alsabawi / chairman of the AIG,s board of directors
has been hosted by the department of sciences and banking of the faculty
of commerce and economy , BerZait university , to deliver a lecture on
insurance and risk management.
This comes under the programme drawn up by the faculty of
commerce and banking to host experienced personaltities who
were able to achieve success in their practical life.
Dr.Mohammad Alsabawi`s
participation as a businessman and an expert in insurance and insurance risk management
has been highly valued.
to see newspaper article please
Click here
|
|
|
12/11/2008
We are pleased to announce that AIG headquarters situated in the city
of RAMALLAH has moved to the AIG new premises located as follows :-
RAMALLAH - Al-Massuon - behind Grand Park hotel - The Union Tower .
Tel : 022986634/5/7
Fax : 022986636
|
|
|
28/10/2008
Brothers : AIG shareholders : In accordance with the decision of the
AIG board of directors taken on 17/09/2008, and as requested by the
Palestine securities exchange to cancel the share certificates and
facilitate and speed up the sale and purchase procedures it has been
decided to cancel share ownership certificates issued by the AIG.
By doing so shareholder can sell his share without the need to deposit certificate / share
notice with the Palestine securities exchange.
The electronic shareholder register held by the deposit and transfer center of the
Palestine securities exchange is authorized to act for AIG in this regard.
|
|
|
26/09/2008
Under the AIG , policy on the social concerns and activities it held
a breakfast party in cooperation with the woman and child Rights society on
the occasion of the month of Ramadan. The breakfast party was attended by a number
of the needy families and children.
|
|
|
26/09/2008
The AIG family held a breakfast party in both the Gaza strip and the West
Bank on the occasion of the month of Ramadan.
The breakfast party was attended by the AIG family’s staff and employees , a lot
of its agents and manager of companies and national institutions.
|
|
|
31/08/2008
The AIG,s family extends the best wishes to both the Arab and Muslim
nation on the advent of the month of Ramadan.
It is pleased to announce that the office hours during the month of Ramadan will be
08:30 am to 03:00 pm.
|
|
|
23/07/2008
Mr. Naem Mustafah Nejem is appointed as Jenin Branch Manager .
wishing him progress and success in his work .
|
|
|
15/04/2008
The 13th ordinary meeting and the sixth extraordinary meeting of the
general assembly of the AIG's shareholders were held
on 29/03/2008 in Cairo by using video conference with Ram Allah and the Gaza strip.
for more details
Click here
|
|
|
24/03/2008
The first meeting of the board of directors for 2008 was held on 28/02/2008 . At the meeting the following recommendations and decisions were made :
1. Approval was given for the report of the chairman of the board of directors to be submitted by the chairman to the general assembly on behalf of the members of the board of directors .
2. The balance sheet and the closing accounts as at 31/12/2007 were approved . Approval was given for the next ordinary general assembly's recommendation on the distribution of dividends to shareholders at the rate of 22 % ( 16% in cash ,6 % free shares" at the rate of 6 shares per a hundred shares" )
3. The two meetings of the ordinary and extraordinary general assembly would held in the third week of March 2008 or on the nearest date to it according to the circumstances . The chairman of the board of directors was authorized to determine the most suitable venue for the two meetings .
4. The proposed amendments to the bylaw were approved for presentation to the extraordinary general assembly at its next meeting .
5. It was recommended that the next extraordinary general assembly should postpone implementing the decision made at the meeting of the extraordinary general assembly held on 03/03/2007 to increase the capital until the economic situation in Palestine has improved .
|
|
|
24/03/2008
The proposed amendments to the AIG's by-law will be presented to the
next general assembly meeting for perusal.
for more details
Click here
|
|
|
24/02/2008
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 31/12/2007 is 309.45% this reflects our financial strength.
|
|
|
20/02/2008
Mr. Anwar Mohammad Al shantti is appointed as assistant general manager .
His main office will be in the city of Ramallah
The management seizes this opportunity to welcome the son of the family Mr . Anwar Al
shantti wishing him progress and success in his work .
|
|
|
20/02/2008
Our balance sheet and the results of works for the year ending
on 31/12/2007 were published on our website on our economic page .
|
