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Palestine Insurance Company Public Shareholding Company Limited (Palestine)

Main Activities: Insurance Carriers
Full name: Palestine Insurance Company Public Shareholding Company Limited Profile Updated: June 19, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Palestine Insurance Company is a private limited shareholding company located in Ramallah and Al-Bireh. It was established in 1994 with a capital of US $9 million. The company is licensed by the Palestinian Capital Market Authority under license No. 3 and registered at the Companies' Controller under No. 563200906. It was founded by a group of Palestinian businessmen with global managerial and technical expertise. The main purpose of Palestine Insurance Company is to provide insurance and reinsurance services, including coverage against fire, theft, general accidents, marine and air cargo insurance, and motor insurance. The company also invests in capital and movable and immovable assets according to the directives of the Board of Directors and the law. For over 24 years, Palestine Insurance Company has been contributing to the Palestinian national economy by expanding its businesses, investing in economic projects, and creating job opportunities for both new graduates and experienced professionals. The company has branches, offices, and agents throughout the West Bank and Gaza Strip, making it convenient for citizens to access insurance services.

Headquarters
Industrial Area Beside Egyptian Dinamometer, P.O. Box :1707
Ramallah and Al-Bireh; Gaza;

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Website: http://www.pic-pal.ps

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
1994
Key Executives
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Chairperson
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Vice Chairperson
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Vice Chairperson
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Director / Member of the Management Board
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Director / Member of the Management Board
Ownership Details
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25%
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18.88%
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12.36%
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12.19%
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6.32%
Company Performance
Financial values in the chart are available after Palestine Insurance Company Public Shareholding Company Limited report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency USD. Absolute financial data is included in the purchased report.
Net insurance premium revenue
-19.9%
Operating profit (EBIT)
45.39%
Net Profit (Loss) for the Period
84.87%
Total assets
25.79%
Investments
40.28%
Total equity
14.01%
Net Premiums Earned Trend
N/A
Net Profit Trend
N/A
Return on Equity (ROE)
5%
Loss Ratio
2.64%
Underwriting Expenses Ratio
-0.07%

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