Dubai Islamic Insurance and Reinsurance Company (Aman Insurance), the largest Islamic Insurance provider in the UAE, elected a new board at its Annual General Meeting yesterday.

The meeting, chaired by Mohammed bin Omair Bin Yousef Al Muhairi, approved the company’s balance sheet and profit and loss account for financial year 2011-2012 and also elected the board of directors for the ensuing terms.

The newly elected board is composed of Mohammed Omair Al Mohairy, Salem Rashid Al Mohanadi, Hussein Mohammed Al Meeza, Saleh Abdullah Lotah, Yousef Ali fadel bin Fadel, Abdullah Ibrahim Al Dabous and two new members -- Naser Falah Al Qahtani and Abdul Raheem Mohammed Al Zarouni.

 “We are confident that the insurance industry will experience more growth as reflected in the industry's posted value of Dh 22 billion in 2011,” said Al Muhairi.

“2011 was a very good year for us, demonstrated by both the vibrancy of the Middle East region’s Takaful insurance segment and the increasing demand for our key insurance products and solutions. Our Annual General Meeting is a strategic event for us to help discuss and evaluate the company’s performance over the last year and develop our strategies and initiatives for FY 2012,” said Hussein Mohammed Al Meeza, managing director and CEO.

“We will continue to remain steadfast in our continued promise of providing world class coverage of various insurance products and solutions for our customers coming from various industry verticals in the region,” he said. – TradeArabia News Service