Capital Market Authority: Administrative Decision E/4/2022 Amending the Name of AXA Insurance Company (Gulf) BSC (Closed) to Gulf Insurance Group (Gulf) BSC Closed (Sultanate of Oman Branch)

Arabic

Based on the Insurance Companies Law promulgated by Royal Decree 12/79,

the Vehicle Insurance Law promulgated by Royal Decree 34/94,

Royal Decree 90/2004 Transferring the Competences of Insurance from the Ministry of Commerce and Industry to the Capital Market Authority,

the Executive Regulation of the Insurance Companies Law issued by Ministerial Decision 5/80,

Decision E/31/2007 on the Regulation of the Requirements for Licensing the Practise of Insurance Works,

the decision to renew the license registration of AXA Insurance Company (Gulf) BSC (Closed) to practise the activities of general insurance and life and savings insurance E/85/2021,

and to the letter from the office of Said Al-Shahry and Partners  for Advocacy and Legal Consultancy, dated 29 December 2021, Requesting the Amendment of the Name of AXA Insurance Company (Gulf) BSC (Closed) to Gulf Insurance Group (Gulf) BSC Closed (Sultanate of Oman Branch),

and in pursuance of public interest,

it is hereby decided

Article I

The name of “AXA Insurance Company (Gulf) BSC (Closed)”, mentioned in the aforementioned Decision E/85/2021, is hereby amended to “Gulf Insurance Group (Gulf) BSC Closed (Sultanate of Oman Branch)” as of the date of issuance of this decision.

Article II

This decision shall be published in the Official Gazette.

Issued on: 3 Jumada Al-Thani 1443
Corresponding to: 6 January 2022

Abdullah bin Salim bin Abdullah Al-Salmi
Executive President of the Capital Market Authority

Published in Official Gazette 1425 issued on 16 January 2022.