The cousin of the regime’s head, Alia Al-Assad, runs its most prominent financial institution

ARK News… The government of the regime issued a decision to reform the board of directors of the "Syrian Insurance Institution", provided that Alia Al-Assad, the cousin of the regime's head, would assume the presidency of the council. The statement carried the signature of the Prime Minister of the regime, Hussein Arnous.

The decision stipulated the appointment of the head of the Damascus Pharmacists Syndicate, “Alia Al-Assad,” to the position of the “Syrian Insurance Institution”, and the Director-General of the Foundation Nizar Ziyoud as its deputy, while the Council included a number of members and officials, most notably the assistant of the Syrian Insurance Corporation, Abdulaziz Salibi, and Aziza Qalaa, Director of Health Insurance in Enterprise.

In February of last year, the General Conference of Pharmacists of the Regime announced the election of a new council. Wafaa Kishi, the head of pharmacists, and Alia al-Assad, the president of the Syndicate, Damascus Branch, before moving to the new position by an official decision, and activists said that Alia is the cousin of the head of the criminal regime.

The Syrian General Insurance Corporation was established in 1977 and its main center is in Damascus, and after a presidential decree issued in 2002, its headquarters became the General Administration in Homs, and it is linked to the Minister of Finance in the regime’s government.

The Syrian General Insurance Corporation is one of the most prominent companies that acquire large financial resources for the system, and its share amounted to 71% of the total insurance sector business, with installments of about 14.4 billion Syrian pounds, and 5.9 billion Syrian pounds. The total premiums achieved by the private companies increased by 29%, according to a statement issued a few days ago.

While the total premiums achieved by insurance companies in various branches of insurance amounted to 20.3 billion Syrian pounds or the first half of the year 2020, 80% of the premiums are distributed between health insurance and car insurance, in both parts, compulsory and comprehensive, for the first half of 2020.

Noting that the decision to appoint "Alia Al-Assad" falls within several previous decisions issued by the head of the regime and bears a sectarian character within several connotations, through which the regime seeks to extend its influence. Financial, which is one of the sources of official custody decisions on funds and properties.

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