Sagarmatha Insurance Company Limited
Bhagwati Marg, Naxal, Kathmandu
Oman Re was incorporated in July 2009 in the Sultanate of Oman with a paid-up capital of OMR 5,000,000 (Omani Rials five million). Capital was gradually increased to OMR 30,000,000 (Omani Rials thirty million), equivalent to circa USD 78,000,000 (US Dollars seventy-eight million).
Oman Re is the only specialised reinsurance company established in Oman to write Facultative and Treaty reinsurance business from local and international markets. Dr. Juma Bin Ali Al Juma Holder of a PhD in Political Sciences, a Master’s degree in Political Sciences and Bachelor’s degree in Economics and Political Sciences, Dr. Juma is currently Chairman of the Board of Directors at Al Maha Petroleum Products Marketing Company and Chairman of the Board of Trustees of Muscat University. From 2001 to 2008, he was Minister of Manpower and more recently from 2010 to 2015, Dr. Juma was Chairman of Board of Directors at Oman Airports Management Company. His previous directorships include Chief of Founding Committee at Muscat University; Chairman of Oman International Bank; Senior Independent Director as well
as Independent Non-Executive Director of HSBC Bank, Oman.