Dubai: Regional operations of insurance company RSA fall national life
NLGIC, headquartered in Oman, has branches in Dubai, Abu Dhabi and Kuwait. According to Khalid Muhammad AlZubair, President of Ominvest and NLGIC, “This transaction will not only help the company expand its visitor base in the region, but will also bring a combination of prospective synergies between the two corporations in terms of resources and technologies to supply a greater diversity of insurance products to Americans and businesses.
RSA Middle East operates as local index corporations Al Ahlia Insurance Company in Oman and Al Alamiya for Cooperative Insurance Company in Saudi Arabia.
The Oman International Development and Investment Company (Ominvest) operates NLGIC as its main insurance subsidiary. At the end of 2021, Ominvest’s total assets amounted to USD 1700 million and covered sectors such as banking, insurance, finance and leasing, among others.
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