One million JOD of profits for " JOFICO " by the end of the third quarter of 2023 The Board of Directors of "JOFICO" Jordan French Insurance Company approved the financial statements for the period ending on 9/30/2023 in a meeting held on 10/30/2023 at the company's headquarters, headed by Mr. Ayman Jumean, Chairman of the Board, and in the presence of members of the Board of Directors and the company's CEO, Dr. Odeh Abu Joudeh. The Chairman of the Board of Directors stated that the company disclosed its financial statements for the period ending on September 30, 2023 in accordance with the requirements of International Accounting Standard 17 (IFRS17), which entered into force at the beginning of this year, and therefore considered one of the first companies to issue its statements in accordance with the requirements of the new standard in the Jordanian insurance market. The financial statements showed total profits amounting to one million JOD before tax, and that the company's assets amounted to 25 million JOD, with investments representing 64% of those assets. For his part, the CEO Dr. Odeh Abu Joudeh, expressed that the company achieved a remarkable growth in insurance revenues by 19% compared to the same period last year, as the volume of revenues exceeded 31 million JOD compared to 26 million JOD for the same period of the year. These positive results were achieved through distinguished and sustained efforts by all company’s employees and continuous follow-up by the Board of Directors.