DAMANA
Muhammad Waqas Ahmad is a dedicated finance professional with extensive experience in accounting and auditing. Currently serving as a General Accountant at DAMANA since June 2016, Muhammad has played a key role in providing insurance services within Saudi Arabia. Prior to this position, Muhammad worked as a Finance Officer at SPOT (Private) Limited, where responsibilities included developing accounting policies and maintaining accurate financial records. Muhammad's career began as an Audit & Accounts Trainee at NJMI Chartered Accountants, focusing on statutory audits and compliance with accounting standards. Educational credentials include a Certified Chartered Accountant designation from ACCA, a Certificate in Accounting and Finance from The Institute of Chartered Accountants of Pakistan, and a Bachelor of Arts in Economics from the University of Sargodha.
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DAMANA
The Group started its insurance operation in 1964 by acquiring Al Nisr Insurance Co. in Lebanon. In 1980, the Group established the Saudi Arabian Insurance Company BSC (c) and in 2007 became a founding member in the Saudi Arabian Cooperative insurance company in KSA. Today, DAMANA is a prominent insurance group with operations in the GCC & Lebanon offering a wide range of insurance solutions for businesses and individuals. During the past half century, DAMANA Group invested in other insurance and reinsurance companies, an assistance company and a Third Party Administrator. DAMANA’s vision is to be the leading regional insurance organization. Backed by over 240 specialized and dedicated employees. DAMANA is well positioned to offer customers competitive and comprehensive insurance solutions across 7 offices, in 5 countries around the Gulf and Lebanon, through a single operational platform. DAMANA’s success is attributed to its financial stability, the backing of excellent reinsurance securities, plus its commitment to pay claims fairly and promptly. DAMANA has the flexibility and ability to quickly adapt to change and to operate in the most difficult and dynamic conditions whether it is economical, technological or legal that constantly change the risk profiles of businesses. DAMANA’s clients are a mix of individuals, SMEs and large corporations working in various sectors including construction, power, infrastructure, consumer goods, logistics, and banking and finance. DAMANA’s in-house insurance service provider, SAICOHEALTH CARE, provides personalized and prompt medical insurance administration services to customers. DAMANA had received an inaugural Financial rating in 2017 by AM Best.* (*For the latest rating, please check AM Best website) DAMANA, Saudi Arabian Insurance Company B.S.C.(c) is licensed & regulated as locally incorporated insurance firm by the Central Bank of Bahrain.