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Orient: Founded by Al-Futtaim in 1982, Orient is the largest insurance company in the United Arab Emirates by financial capital, with up to 500 million AED (approx. 136.1 million USD). Headquartered in Dubai, it works with major clients in Abu Dhabi, Dubai, Sharjah, and Ras Al Khaimah, as well as Oman and Bahrain. [19]
Sukoon Insurance previously known as Oman Insurance Company (Arabic: شركة عُمان للتأمين "سكون" ش.م.ع) is a composite insurance company headquartered in Dubai, UAE that sells insurance for individuals and businesses in UAE and Oman. [2]
The General Arab Insurance Federation was established in September 1964 after a treaty was signed in Cairo, Egypt, in response to demands for such an organization by insurance companies. The headquarters of the Federation has also been in Cairo since 1964.
Arig (Arab Re-Insurance Group) was founded in 1980, [1] Established by the governments of Kuwait, Libya and the United Arab Emirates, is the largest Arab owned re-insurer. Arig is listed on the stock exchanges [ 2 ] in Bahrain , Dubai and Kuwait [ 3 ] and held by nearly 5000 individual share holders.
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Al Futtaim was appointed as Vice Chairman of Orient Insurance in 2001. [4] Since 2010 he has served as chairman of Emirates Islamic [5] and Al Futtaim HC Securities, vice chairman of Orient Insurance, which is part of Al-Futtaim Group, and a director of the Commercial Bank of Dubai.
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