The Board of Directors of Arab Re is confident about results
The Board of Directors of Arab Reinsurance Company, “Arab Re”, chaired by Sheikh Khaldoun Barakat monitored the technical, financial and management activities of the Company and its business plan for the coming three years as well.
Moreover, the Board expressed its confidence about the achieved results compared to the same period of last year, hoping that these results will exceed expectations if the positive trends continue until year-end. Additionally, the Board appraised the continuous efforts of the executive management for updating the operational systems of the Company; IT infrastructure, and communication tools in addition to strengthening of human resources and talent.
On the other hand, the general assembly of the shareholders held its annual meeting to approve the 2018 audited financial statements, which showed positive results despite the difficult conditions facing the insurance industry, and declared distribution of dividends to the shareholders of the Company. Both meetings were preceded by the meeting of the audit committee led by Mr. Tannous Feghali. At the end, the attendees enjoyed a lunch at the “Karamna” restaurant in the central district of Beirut.