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2013: A year full of ongoing success and achievements for Al Nisr Al Arabi Insurance Company 2/1/2014
(Amman - February 2014) Al Nisr Al Arabi Insurance Company has attained JD 1,918 million as a net profit in the year 2013 before tax deduction, with an increase of 17.7%. The net profit that attributes to the shareholders in the year 2013 reached JD 1,434 million after tax deduction with an increase of 25.4% compared to last year. The company has achieved a total installments' amount of JD 22,197 million, which means an increase of 14%, while the total amount of the company's assets reached JD 51,442 million with a growth percentage of 15.2% compared to last year. Moreover, the shareholders' total equity reached JD 20,601 million. The Corporate Social Responsibility is one of the Company's core values and an essential milestone that is deeply committed to. As a result, Al Nisr Al Arabi continues its journey of sponsoring several activities and supporting a number of Jordanian associations in order to contribute to the empowerment of individuals and enhance their role towards their communities in particular, and towards the local society in general. The year 2013 witnessed an ongoing support for local and international sports activities which aims at developing the young generations, such as the basketball championship at the Ahliyyah School for Girls (CMS), the football championship at the National Orthodox School and the 'Formula One' competition at the Jubilee School. On the musical level, the company also sponsored many activities such as three Christmas concerts by "Dozan wa Awtar" Singers, the annual Christmas event hosted by the General Federation of Societies (YWCA) under the patronage of Her Royal Highness Princess Basma Bint Al-Hussein, the annual festival "Zakharef in Motion" of 2013, "Jabal Amman Festival" with the cooperation of Greater Amman Municipality, and the Rotaract musical concert in collaboration with The National Music Conservatory for the members of the Amman Symphony Orchestra. The cultural part had its share in the year 2013; the company sponsored UCMAS national competition as well as the Arab Child Week at the Children’s Museum from the 2nd until the 10th of October. Al Nisr Al Arabi prides itself on supporting a number of charity initiatives each year, such as King Hussein Cancer Center’s "Back to School" Program and the Royal Health Awareness Society initiatives. Furthermore, Al Nisr Al Arabi makes sure to have non-profit local organizations present on its annual agenda; organizations that care for the improvement of health, education and wellbeing of individuals such as the Children Museum’s , Madrasati initiative, Dar Alaman / Jordan River Foundation, and Operation Smile Jordan. The company's General Manager Mr. Yacoub Sabella said: "The year 2013 witnessed many achievements throughout Al Nisr Al Arabi's ongoing journey towards growth, success and excellence. The company was able to focus on the Corporate Social Responsibility part and could reserve a place amongst top insurance companies in Jordan. I am proud of the distinguished results realized in the past year, and I send my deep thanks to each and every employee of this company, without whom we wouldn't have been able to overcome challenges and our achievements would have never been accomplished."