Ramallah – Al Mashreq Insurance Group held its Annual Ordinary General Assembly Meeting on Monday, May 4, 2026, at the company’s headquarters in Ramallah, with shareholders participating from within and outside Palestine via video conference. The meeting was attended by members of the Board of Directors, shareholders, a representative of the Companies Registrar at the Ministry of National Economy, a representative of the General Directorate of Insurance at the Palestine Capital Market Authority, a representative of the Palestine Exchange, and the external auditor, HLB – Palestine.
The meeting was declared legally valid with a quorum of 98.7% of the company’s shareholders, present in person and by proxy.
At the outset, Chairman of the Board, Mr. Jalal Nasser Addin, welcomed attendees and reviewed the key challenges of 2025, highlighting the continued political and economic pressures, declining economic activity, rising risk exposure, and stricter reinsurance conditions, all of which affected the Palestinian insurance sector.
Chief Executive Officer Mr. Ayoub Zurub stated that despite these challenges, Al Mashreq Insurance maintained stable operations and a solid financial position, reflecting the strength of its institutional approach, disciplined planning, and ability to adapt to changing market conditions while maintaining service quality and fulfilling its commitments to policyholders.
Zurub added that the company continued to deliver its services efficiently, consistently settling claims and compensations, reinforcing customer trust and strengthening its position as a reliable and resilient insurer.
The General Assembly approved the Board of Directors’ report, the external auditor’s report, as well as the financial statements and final accounts.
At the conclusion of the meeting, the company extended its appreciation to regulatory and governmental bodies, the Board of Directors, employees, agents, and partners for their continued efforts in supporting the company’s progress and enhancing its performance.
Established in 1992, Al Mashreq Insurance is one of the leading Palestinian insurance companies, providing comprehensive insurance solutions that meet the needs of individuals and businesses through a wide network of branches, offices, and agents across Palestine.
The company continues to advance its digital transformation by expanding its electronic services and channels, enabling customers to access insurance services, manage policies, and track claims with greater efficiency and ease, while promoting the adoption of electronic payment solutions.
Al Mashreq Insurance reaffirms its commitment as a responsible national institution, contributing to economic stability, job creation, and the continued development of the Palestinian insurance sector.
