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In 1997 major changes took place
in JOFICO when:
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The Jordan Armed Forces
bought equity in JOFICO
and became shareholders and
Board Members.
-
The JORDANIAN ECONOMIC & SOCIAL
ORGANIZATION FOR RETIRED
SERVICEMEN & VETERANS
also bought equity in JOFICO and
became shareholders and Board
Members.
-
The JORDAN SOCIAL SECURITY
CORPORATION
bought equity in JOFICO, and
became Board Members.
|
|
|
In 1998, JOFICO’s general assembly
in an extra-ordinary session
increased the number of seats in
JOFICO’s board to accommodate the
respected organizations mentioned
above. |
|
|
JOFICO’s board thus, is not only
professional and multi-national,
but now also holds the most
powerful three organizations in
the kingdom.
|
|
|
In January of 1999, JOFICO
obtained the distinguished “ISO
9002.1194” certificate. |
|
|
In January 1999, JOFICO and partners
purchased 60% of M/S UNIVERSAL
INSURANCE CO. LTD in Amman , and
took over it’s Board of Directors
and Direct Management, and changed
it’s name to “OASIS INSURANCE CO.
LTD” |
|
|
In March 2000, JOFICO and partners
purchased 70% of “M/S AL-MASHRIQ
INSURANCE CO. LTD” in Ramallah,
Palestine and took over it’s Board
of Directors and Direct Management. |
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