Oman Insurance Company

Oman Insurance Company (PSC), or OIC, is one of the leading insurance solutions providers in the Middle East, headquartered in Dubai, UAE. OIC has 15 branches including the Head Office-Operational Branch and a strong presence in every Emirate in the UAE, the Sultanate of Oman and Qatar.

Established in 1975, OIC today is a financially sound and professionally managed organization. The company is rated ‘A Excellent’ by AM Best and ‘BBB+’ by Standard & Poor's with a well-balanced and structured Reinsurance Support, led by leading Multinational Reinsurers such as Swiss Re, Munich Re, Lloyds, Scor, and Generali.
More about the company
Address: Oman Insurance Company Building, Salaheddine Street PO Box 5209 , Dubai, UAE

2 October 2004

OIC, Tameen

Joint stock

1 November 1975


971 4 2624000

971 4 2690110

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Board of Directors Position
Abdulaziz Abdulla Al-Ghurair
Abdul RaoufAlShaikh Ahmed Al Mubarak
Vice Chairman
Rashid Saif Al-Jarwan
Ali Rashed Ahmad Lootah
Abdulla Mohd Ibrahim Obaidulla
Management Position
Patrick Choffel
View all
Major Shareholders
Name Country
Al Dhaheri Group
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By this time next year, five of the current 11 Formula One teams will probably be out of business. It’s now not a question of if it will happen but merely when it will happen. Marussia and Caterham have already gone and the Sauber, Lotus and Force India teams seem ready to join them. So in 12 months time there could be just six teams left on the grid, all forced to run three-car teams to maintain the semblance of a show. That is the harsh truth that spells out the finances of Formula One today.

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