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February 28, 2015

 

Conclusion of the Merger of First Insurance Company and Yarmouk Insurance Company

 

Insurance Panorama

 

Amman – The Securities Deposit Centre executed the merger process of Yarmouk Insurance Company with First Insurance Company and the registration of the additional shares in the capital of First Insurance Company (the merging Company) amounting to 4 million shares.

 

The capital has been increased through distributing shares to the shareholders of First Insurance Company before the merger amounting to 2,242,500 shares and allocating 1,757,500 shares to non-controlling interest holders of the shareholders of Yarmouk Insurance Company.  The registered Company's capital at the Securities Deposit Centre became 28 million shares instead of 24 million shares based on the Company's General Assembly's Resolution in its Extra Ordinary Meeting which was approved by the Minister of Industry and Trade and the Board of Commissioners of the Securities Commission.

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