April 26, 2017 4:09 AM ET

Insurance

Company Overview of Sarajevo Osiguranje d.d.

Company Overview

Sarajevo Osiguranje d.d. offers life insurance solutions. Sarajevo Osiguranje d.d. was formerly known as DOZ Sarajevo, ZOR Sarajevo and ZOIL Sarajevo. The company was founded in 1945 and is based in Sarajevo, Bosnia-Herzegovina.

Maršala Tita 29

Sarajevo,  664-141

Bosnia-Herzegovina

Founded in 1945

Phone:

387 33 668 421

Fax:

387 33 450 554

Key Executives for Sarajevo Osiguranje d.d.

Sarajevo Osiguranje d.d. does not have any Key Executives recorded.

Sarajevo Osiguranje d.d. Key Developments

Sarajevo Osiguranje Announces Earnings Results for the Full Year of Fiscal 2016

Sarajevo Osiguranje announced earnings results for the full year of fiscal 2016. For the year, the company announced net profit dropped to BAM 55,000 from BAM 451,600 a year earlier. The company's gross written premiums fell 5.2% to BAM 45.1 million last year, while its net operating costs increased to BAM 24.3 million from BAM 20.6 million.

Bosnia's Federation To Sell Stake In Sarajevo Osiguranje

Bosnia's Muslim-Croat Federation said that it has decided to dispose of its 45.5% stake in Sarajevo Osiguranje d.d. via direct negotiations, following five failed sales attempts. The Federation will dispose of its 2.11 million in the insurer under the supervision of its privatization agency, it said on March 23, 2017, following a weekly government session. "The decision to sell via the method of direct negotiation, which is based on pre-defined criteria, was made bearing in mind that so far there have been five unsuccessful attempts to sell the state capital in Sarajevo Osiguranje," the government explained.

Bosnia's Federation Postpones Sale Of State Stake In FDS

The government of Bosnia's Muslim Croat Federation has instructed Fabrika Duhana Sarajevo d.d’s privatization agency to postpone the sale until September 15, 2016, which was done by an auction for the sale of a 39.9% stake in FDS via the Sarajevo Stock Exchange. The government said, following its weekly session, that it will review its decision from July 22, when it determined the conditions for the sale of the state stake in FDS. It added that, by its next session, it will put together a document reviewing the sale of FDS. The privatization agency failed in July to sell its stake in Sarajevo Osiguranje d.d. via two different auctions on the bourse. It also failed to attract bids in an auction for 1,507,724 shares in Bosnalijek d.d. at KM 15.50 per share.

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