Tuesday 11 August 2020

Ajman Free Zone partners with Dubai Insurance

AJMAN, UAE, August 14, 2019

Ajman Free Zone has signed an agreement with Dubai Insurance to provide insurance services to workers employed by companies operating within the Free Zone.

The new service will replace the current bank guarantee system and will cover all workers’ dues including the end of service gratuity, annual leave unpaid salaries and the cost of a return ticket home.  

Mohammad Tahsin Al Ali, chief operating officer at Dubai Insurance Company attended the signing of the memorandum of understanding (MoU), with Fatma Salem, acting general manager of Ajman Free Zone and senior representatives from both parties.

Salem commented: “This agreement forms part of our endeavours to protect the rights of all workers in Ajman Free Zone, as well as assisting investors by removing a financial commitment.  We will continue to take more steps towards making workers’ lives easier, while safeguarding investors’ interests.”

As per the MoU, Dubai Insurance Company will issue insurance documents for workers that align with the terms and conditions stated, ensuring the targeted objectives are achieved in a timely manner. – TradeArabia News Service


More Finance & Capital Market Stories

calendarCalendar of Events