Arab Orient gets new Board of Directors

With Kuwait-based Gulf Insurance Co. having acquired 55% of Jordanian Arab Orient Insurance Co., a new Board of Directors has been formed and chaired by Mr. Khaled Saoud Al Hasan, CEO of Gulf Insurance Co.

Based on the acquisition, the parent company was able to exercise control over the Arab Orient through board representations, accordingly it has been classified as a subsidiary company and has been consolidated from the date of acquisition 30-06-2009.