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Jordan Insurance Co. to distribute cash dividends at a rate of 7% to shareholders

By JT - Mar 26,2015 - Last updated at Mar 26,2015

AMMAN — Jordan Insurance Company’s (JIC) general assembly on Thursday approved the distribution of cash dividends at a rate of 7 per cent to shareholders. Financial data showed that JIC’s technical profit in 2014 reached around JD5.2 million compared with JD3 million in 2013, the Jordan News Agency, Petra, reported.

“JIC’s financial results from 2014 have yet again served to reaffirm the strength and stability of the company and its leading position in the local insurance industry,” a JIC statement quoted its Managing Director Imad Abdul Khaleq as saying.

“In spite of the economic challenges facing the Kingdom, we achieved encouraging technical profit last year, which enabled us to increase the dividends paid to shareholders, compared to the previous year,” he added.

Abdul Khaleq also pointed to JIC’s diverse real estate portfolio that carry a JD17 million investment value as evidence of the company’s financial strength, noting that the market value of the properties is estimated at JD31 million.

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