The Board of Directors of AMAN, the recently constituted public joint stock company that deals with Islamic insurance, has announced the appointment of Hussain Mohamed Al-Meeza as its managing director.
A member of the local and Gulf Cooperation Council (GCC) banking community, Al-Meeza is a founder member of Dubai Islamic Bank (DIB). AMAN concluded an 33 million Emirati dirham, Initial Public Offering last October.
Founding member institutions of AMAN include Dubai Islamic Bank, The Investment Office, Dubai Technology E-Commerce and Media Free Zone Authority, Islamic Investment Company and Emirates Finance Company.
Individual members, in addition to Al-Meeza, comprise Sultan Saeed Al-Mansoori, Mohammed Abdullah Al-Gergawi, Saleh Saeed Lootah, Hashem Abdullah Al-Dabal, Saud Ahmed Ba Alawi and Butti Khalifa Bin Darwish.
AMAN has been licensed in Dubai by the Dubai Department of Economic Development to offer a range of insurance and re-insurance products, in compliance with the principles of Islamic Shariah. The company aims to reach a prominent position in the UAE insurance sector by providing customer focused services. The company’s share will soon be listed on the Dubai Financial Market. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
