Insurance

International General Insurance Holdings Ltd. (“IGI” or the “Company”) (NASDAQ: IGIC) today announced financial results for the second quarter and first six months of 2020.

The National Health Insurance Company – Daman’s Board of Directors today announced the confirmation of Hamad Al Mehyas as the company’s Chief Executive Officer. He led the company following a major reorganisation last year when he was promoted from Chief Commercial Officer – Abu Dhabi to Deputy CEO.

Spotii, the innovative payment technology provider, continues its mission of helping everyone spread the cost of payments with no interest, no cost and no catch in a new partnership with the largest retail insurance provider in the UAE, InsuranceMarket.ae.

Oman Insurance Company, one of the leading insurance providers in the Middle East, announced it has posted a Net Profit of AED 110.2 million in the first half of 2020, a four percent increase on the same period last year while having increased its solvency above 250%.

Islamic Arab Insurance Company, listed as “SALAMA” on DFM, announced its interim results for the first six months of 2020.

Dar Al Takaful announced the completion of acquisition of UAE-based Islamic insurance provider, Noor Takaful, with Rajesh Sethi appointed as the Chief Executive Officer (CEO) of the joint entities.