National Insurance Co Ltd (NIC)

General Information

Company Name National Insurance Co Ltd (NIC)

Company Purpose National Insurance Co Ltd (known as: National Insurance) is a public company, listed on Palestine Exchange since January 1997. National Insurance operates within the Insurance sector focusing on Multi-line Insurance. It has 7 subsidiaries operating across Palestine. National Insurance is based in Al Bireh, Palestine and was established in March 1992.

Company Establish Date 15 March 1992

Financial Year Start First Quarter

Auditor

• Price Water House Coopers - Palestine

• HLB Palestine

Ownership

• Fadl Moustafa Hamad (8.9688%)
• Nada Tawfiq Hussein (6.737%)
• Bashar Tawfiq Hussein (6.737%)
• Raham Tawfeek Hussein (6.737%)
• Ardmes Habib Mardrosian (4.6667%)
• Mohamed Mahmoud Youssef Masrouji (3.71%)
• Aziz Mahmoud Mustafa Abdul Gawad (3.00%)
• Samer Aziz Shehada (2.7374%)
• Ibrahim Ali Al Taweel (2.2083%)
• Raja Aziz Shehada (2.1865%)
• Zahy Bassel Awad Awaad (1.3333%)
• Sameh Al Masry (0.5772%)
• Yousry Rizk Allah Mohamed Abu Ali (0.3478%)
• Tarek Taher Elshakah (0.1739%)
• Al Mashariq Development and Investment (0.1383%)
• Dafu Investment Limited (0.1333%)
• Hanan Issa Qustandi Shehadeh (0.1166%)
• Jerusalem Pharmaceuticals Co (0.0259%)
• Ahmed Fouad Meshasha (0.0093%)
• Alaa Ali Mahmoud Safi (0.0058%)
• Sohel Salah El Deen Awad (0.0014%)

Management

Subsidiaries

• Al Wataniah Towers Co (99.99%)
• Elite Consulting and Medical Services (75.00%)
• Palestinian National for Insurance Management and Health , Medical Expenses (49.00%)
• Al Dar Construction and General Trading (31.00%)
• The Future for Eucational Development (25.00%)
• MADA Insurance Co (25.00%)
• National Household Furniture Industry (1.6265%)
• Investment Bank of Iraq (1.3012%)
• Palestine Investment and Development Co (1.239%)
• Palestine Power Generating Co (0.67%)

Contacts