The company has currently one branch in Qurum and plans to launch two more branches by the end of the year, Sayyida Rawan Ahmed Al Said, managing director and chief executive officer of
She made the remarks on the sidelines of a ceremony held under the auspices of Sheikh
The event was attended by a number of dignitaries and senior executives from the financial and economic sectors.
Commenting on the delay in starting operation,
"After the IPO, we had to put the team in place," she said.
"This is a newborn company so we had to take our time to put things in place."
Asked about the prospects of the company, the official noted that
It has a lot to offer given that its products are compatible with Sharia principles, she said, adding that the company will provide its services to both corporate bodies and individuals regardless of religion.
Asked about the company's plans to keep itself economically competitive with other insurance providers, she said, "Our services should distinguish us from others."
Commenting on low insurance penetration in
Certain plans for SMEs
She added that the company has made 're-
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