Company Middle East Insurance Co.

Equities

MEIN

JO2100211017

Multiline Insurance & Brokers

End-of-day quote Amman S.E. 18:00:00 2024-05-13 EDT 5-day change 1st Jan Change
1.14 JOD +1.79% Intraday chart for Middle East Insurance Co. +1.79% -2.56%

Business Summary

Middle East Insurance Company PSC (MEICO) is a Jordan-based public shareholding company that provides life and non-life insurance products and services. The Company's insurance products are structured into the following divisions: Life and Health, Motor, Property, General Accident, Engineering, Marine, and Aviation. The Life and Health division covers medical and personal insurance for individuals and groups; Motor insurance includes third party liability, own damage and owner and driver personal accident; Property insurance covers buildings, contents, household and industry; General Accident insurance covers public and product liability, professional indemnity and workmen’s compensation, among others; Engineering covers the risks that arise from contracting and engineering business; Marine insurance covers cargo, hull and machinery, and Aviation covers a range of aviation risk insurance. The Company operates through a network of branches located in Jordan.

Number of employees: 160

Sales per Business

JOD in Million2021Weight2022Weight Delta
Insurance and Related Activities
100.0 %
24 100.0 % 25 100.0 % +5.80%

Sales per region

JOD in Million2021Weight2022Weight Delta
Jordan
90.0 %
22 90.4 % 23 90.0 % +4.20%
International
10.0 %
2 9.6 % 3 10.0 % +9.01%

Managers

Managers TitleAgeSince
Chief Executive Officer 79 -
Director of Finance/CFO 66 87-01-31
Chief Administrative Officer 53 08-11-21
Corporate Officer/Principal 42 14-07-02
General Counsel 58 95-10-31
Corporate Officer/Principal 44 02-10-25
Corporate Officer/Principal 53 95-12-02
Comptroller/Controller/Auditor 64 91-11-01
Corporate Officer/Principal 52 95-03-14
Corporate Officer/Principal 53 94-07-08

Members of the board

Members of the board TitleAgeSince
Director/Board Member 54 -
Chairman 49 -
Director/Board Member 71 04-12-31
Director/Board Member 75 -
Chief Executive Officer 79 -
Director/Board Member 76 -
Director/Board Member 50 -
Director/Board Member - 20-06-10
Director/Board Member - 20-06-10
Director/Board Member - 20-06-10

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 22,050,000 362,722 ( 1.645 %) 0 1.645 %

Shareholders

NameEquities%Valuation
AXA France Assurance SAS
17.34 %
3,823,492 17.34 % 6 M JOD

Holdings

NameEquities%Valuation
2,088,100 1.10% 3,740,330 $

Company contact information

Middle East Insurance Co.

14 Zahran Street 3rd Circle

11118, Amman

+9626 5004100

http://www.meico.com.jo
address Middle East Insurance Co.(MEIN)
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