Al Sagr National Insurance Company, Dubai, was incorporated on 25th December 1979 as a public shareholding company through an Emiri Decree by His Highness, the late Ruler of Dubai, and Vice President of the UAE, H.H Sheikh Rashid Bin Said Al Maktoum, and is registered with the Ministry of Economy & Commerce of the United Arab Emirates (UAE) under Reg. No. 202191. The Company is licensed under License No. 16 in accordance with the Federal Insurance Law No. (9) of 1984 to transact all types of insurance business. Apart from having reinsurance support from the world's leading reinsurers, the Company has its own Branches all over the UAE, and has a large scale insurance interest in the Kingdom of Saudi Arabia. It has a long line of dedicated and diligent staff members, who are handpicked for their true professionalism and expertise The financial position of the Company is strengthened from its original capital investment of AED10 million to its present AED230 million paid-up capital, with steady growth of assets every year which has reached AED1.26 billion by the year ended 31 December 2013. Al Sagr has been assigned a Financial Strength Rating of B++ (Good) by A.M. Best Europe – Rating Services Limited.