jordan pulse -
The Board of Directors of “JOFICO” approved the Jordanian French Insurance Company’s financial statements for the period ending on 9/30/2023 in a meeting held on 10/30/2023 at the company’s headquarters, headed by Mr. Ayman Juman, Chairman of the Board, and in the presence of members of the Board of Directors and the company’s CEO, Dr. Odeh. Abu Gouda.
The Chairman of the Board of Directors stated that the company disclosed its financial statements for the period ending on September 30, 2023 in accordance with the requirements of International Accounting Standard 17 (IFRS17), which entered into force at the beginning of this year, and therefore the company is considered one of the first companies to issue its statements in accordance with the requirements of the new standard. In the Jordanian insurance market.
The financial statements showed total profits amounting to one million Jordanian dinars before tax, and he added that the company's assets amounted to 25 million dinars, with investments representing 64% of those assets.
For his part, the CEO of the company, Dr. Odeh Abu Jaoude, expressed that the company achieved a remarkable growth in insurance revenues by 19% compared to the same period last year, as the volume of revenues exceeded 31 million Jordanian dinars compared to 26 million Jordanian dinars for the same period of the year. The previous year, these positive results were achieved through distinguished and sustained efforts by all the company’s employees and continuous follow-up by the Board of Directors.