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وكالة الانباء الاردنية
Arab and Jordan Insurance merger finalized
The Jerusalem Insurance Company has announced the completion of its merger with Arab Insurance Company – Jordan after fulfilling all legal and regulatory requirements and obtaining the necessary approvals from the supervisory authorities. As a result of this merger, Jerusalem Company has become the surviving entity and the legal successor to all rights and obligations of Arab Insurance Company – Jordan. Its capital has been increased to 17,706,170 Jordanian Dinars through the issuance of new shares to non-controlling shareholders of the merged company. This merger enhances the company's strength and solvency, providing a broader foundation for growth and expansion, with a focus on improving insurance services and developing comprehensive solutions that meet market and customer demands. It is a strategic step aimed at integrating expertise and capabilities to ensure a smooth transition, improve performance efficiency, and safeguard the rights of customers and shareholders, while achieving sustainability in the Jordanian insurance sector.
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