22/01/2018 07:44 AST

Al Madina Takaful, Oman's first Takaful insurance provider, announced the appointment of Usama Al Barwani as chief executive officer (CEO) of Al Madina Takaful at the board meeting.

Al Barwani was the acting CEO. He was one of the key people involved in transforming the company from a traditional insurance company into Oman's first takaful (sharia-based) insurance company. Playing a pivotal role in the success of the company's IPO and under his guidance, the company has grown to become one of the leading takaful insurance companies in Oman. His able guidance and vision to meet business objectives has seen Al Madina Takaful set new benchmarks in the industry. These aspects include stronger customer focused offerings, innovative products, focus on newer technologies and profitability of the organisation.

With a strong track-record of success, the company was recently awarded the Best Arab Company in the insurance category and he was also the recipient of the Best Arabian 100 CEO Award. Al Barwani has a degree in Strategic Management and Leadership ED (CMI) and has a Post Graduate Diploma in HRM in Information System Management and Education (CABA, Canada).

"I am humbled and honoured with the trust and confidence vested in me by my board and my colleagues. It has been a collaborative effort and I will continue to lead the company to greater heights bearing the vision and objectives we set out with as Oman's first takaful insurance provider," said Al Barwani.


Times of Oman

Al Madina Takaful launches newsletter for stakeholders

10/02/2015

Dr Mohammed Al Barwani, Chairman, Al Madina Insurance Co. unveiled the inaugural issue at a ceremony. The quarterly newsletter, promises to serve as a communication and listening platform for the com

Oman Daily Observer

Al Madina Takaful announces Wakala fees for 2015

11/01/2015

Al Madina Takaful Co announced on Thursday the Wakala fees and Mudharaba percentage for the fiscal year ending December 31, 2015.

The company operating as the Wakeel of the policyholders

Muscat Daily

Al Madina Takaful launches Motor Prestige insurance

16/09/2014

Al MadinaTakaful has launched Al Madina Motor Prestige, a unique car insurance scheme exclusively for premium and luxurious cars yesterday. Motor Prestige promises not only to be a motor insurance co

Oman Daily Observer

Ticker Price Volume
RIBL 29.65 2,130,721
ALDREES 141.40 522,113
EIC.ADX 7.95 0
GULFUNIONALAHLIA 17.40 234,780
ALBABTAIN 44.20 361,872
MUTAKAMELA 19.42 2,022,103
MIDAN 757.00 0
AMAT Sector Market
P/E
Price/BookValue
Dividend Yield (%)
Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg
Ticker Price Change
BKMB 0.26 0.00 (0.78%)
NBOB 0.29 0.00 (0.34%)
BKDB 0.16 0.00 (0.00%)
ABOB 0.18 0.00 (0.00%)
BKSB 0.14 0.00 (0.00%)
ACWA Power and Saudi Aramco ink deals to boost renewables, hydrogen, and desalination

06/02/2025

Saudi utility giant ACWA Power has signed two agreements with Aramco to accelerate the deployment of renewable energy projects and evaluate the performance of vanadium flow batteries in the Kingdom's

Arab News

Al Rajhi Bank announce a strategic partnership with MuhideFinTech Platform to authenticate and govern SMEs' trade finance transactions

05/02/2025

Al Rajhi Bank, a pioneer in innovative banking solutions in Saudi Arabia, has announced a strategic partnership with RATL Technology, the owner of Muhide fintech platform, to digitally empower and fi

Saudi Gazette

EEC's capital optimization plan to shore up financial position and sustain growth: CEO

14/09/2024

RIYADH: Saudi master developer Emaar The Economic City's SR8.7 billion ($2.32 billion) capital optimization plan is a "strategic response" to its current financial challenges, according to its CEO. <

Saudi Gazette

Arabian Mills set final IPO price at $17.59 per share as CEO details growth vision

12/09/2024

Saudi wheat flour producer Arabian Mills for Food Products Co. has set its final initial public offering price at SR66 ($17.59) per share on the Tadawul main market. During the book-building proces

Arab News

SABIC-MCC joint venture starts output

04/05/2018

SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.

Saudi Gazette