Muscat: The Public Establishment for Industrial Estates (Madayn), in cooperation with Ministry of Commerce and Industry, organised recently a workshop that highlighted insurance privileges offered by Arabia Falcon Insurance Company to the institutions, companies and individuals based in the various industrial cities that fall under the umbrella of Madayn.

Held at Al Rusayl Industrial City, the workshop touched upon the significance of insurance for the industrial firms and the individuals working in these firms. The workshop also discussed the insurance privileges offered by the company, which cover various aspects including health, cars, buildings, fire, among others.

Arabia Falcon Insurance Company (AFIC), the entity formed by the merger of Arabia Insurance Co in Oman and Falcon Insurance Co, was officially launched at a special event held at Sheraton Oman Hotel under the patronage of Ahmed Ali al Mamari, director general of insurance supervision at the Capital Market Authority (CMA).

Speaking at the launch event, Mamari termed the merger as a constructive move for the insurance sector in Oman. He noted that mergers in the insurance sector create better and financially stronger companies.