It confirmed that it will support the local economy

Orient proposes to establish a national reinsurance company with a capital of 6 billion dirhams

Omar Al-Amin: "The UAE will be a nucleus and a regional center for reinsurance operations."

Omar Al-Amin, CEO of the Orient Insurance Group, a subsidiary of Al-Futtaim Group, stressed the importance of working to establish a national reinsurance company, so that the UAE would be a nucleus and a regional center for reinsurance operations, noting that this company would support the local economy by maintaining high rates of premiums. subscribed to the local market.

In an interview with local media, Al-Amin suggested that the company's capital should not be less than six billion dirhams, pointing out the importance of the participation of sovereign funds or major government institutions in the establishment of this company.

He added, "Certainly, we have all the reasons for establishing such a company, and we also have the financial capabilities to achieve this purpose, as the insurance market in the country is the largest in the Arab world and the Gulf, with premiums amounting to 50 billion dirhams."

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