News & Event Details

gig-Jordan\'s board of directors approve the financial statements that ended on 30/9/2018 during the fifth board meeting for the year 2018 on 25/10/2018. The meeting was headed by Chairman Nasser Lozi with the presence of CEO Dr. Ali Al Wazani and board members. Moreover, Mr. Lozi stated that the company\'s performance by the end of the thrid quarter (Q3) in 2018 was good since the company was able to regain its track record in achiveing profts. While the company\'s underwriting profits reached JDs 4.69 million, the profits reached around JDs 3 million prior to the tax and JDs 2.36 million after the tax. Mr. Lozi added that the underwriting premiums reached JDs 69.3 million compared to the JDs 75.9 million for the same period last year with a 9% drop. Whereas the paid claims reached JDs 52.7 million compared to JDs 71.5 million for the same period last year in 2017 with a 26% drop as per the company\'s financial statements, which reflect positively on the technical profits achieved by the company.