ADIR Insurance Syria was officially established in September 2007 with a capital of 1.250.000.000 Syrian Pounds (USD 25 Million).Byblos Bank is the major shareholder of ADIR Insurance Syria with 40% of shares, followed by ADIR Insurance Lebanon with 16% of shares, Byblos Bank Syria with 5% of shares while the remaining shares are held by important investors and businessmen.
The board members are: Mr. René Klat: Chairman, Mr. Abdel Aziz Al Sokhni: Vice Chairman, Mr. Semaan Bassil, Mrs.Pascale Asmar, Mr. Ahmad Hadaya, Mr. Waheeb Merhi and Mr. André Abou Hamad.
ADIR Insurance Syria activity will cover all types of insurances, including Medical, Life, Motor, Burglary and other business insurances, in addition to a multiple range of investment and retirement plans in order to satisfy the Syrian Citizens' needs.
The establishment of ADIR Insurance Syria represents the first milestone of the geographical expansion of ADIR Insurance (Lebanon) in the MENA region.