Al Nisr Al Arabi Insurance Company sponsors the 5th edition of Zakharef in Motion Dance Festival

Press release

Published May 15th, 2011 - 12:06 GMT

Al Nisr Al Arabi Insurance Company, Jordan’s leading comprehensive insurance services provider, has signed a sponsorship agreement with Dozan Wa Awtar to support the 5th edition of Zakharef in Motion Contemporary Dance Festival which was held from the 4^th until the 12^th May 2011 in Al Hussein Cultural Center, Ras Al Ein.

The agreement was signed in February by the Artistic Director of Zakharef in Motion, Dina Abu Hamdan, and Al Nisr Al Arabi Insurance Company General Manager Mr. Yacoub Sabella.

Al Nisr Al Arabi supported this notable event as a result of its deep appreciation of art as a mirror of global inspirational trends and a communication bridge between cultures. Commenting on this tie-up, Mr. Sabella, General Manager of Al Nisr Al Arabi Insurance Company said “We are proud to be supporting Zakharef in Motion, an event which we perceive as a leading cultural platform representing the artistic face of Jordan.”

Zakharef in Motion is an emerging stage for local and international contemporary dancers and is a leading Jordanian cultural event that is held in collaboration with Jordan Festival, bringing together key representatives from embassies, cultural centers, public and private institutions.

Background Information

Al Nisr Al Arabi Insurance Company

Al-Nisr Al Arabi Insurance Company was founded in 1976 by Societe Nationale D’Assurances (now Allianz-SNA) and is one of the leading insurance companies in Jordan with business activities that include the full range of Life, Medical, Marine, Motor, Fire, Engineering, Liability and General Accidents insurances. May 2006 witnessed a major step for Al-Nisr Al-Arabi through a Strategic Partnership with the Arab Bank, whereby the bank acquired a majority stake in Al-Nisr.

Consequently, the new partnership created between the Allianz Group and the Arab bank through Al-Nisr Al- Arabi is a major initiative that includes the launching of a full Bancassurance operation in Jordan, and which promises to propel the company into a higher level of growth and profitability.