Please wait...
GulfBase Live Support
Leave a message and our representative will contact you soon
- Up to $10bn of inflows could be unlocked by Saudi stock market reforms, experts say
- Saudi Commerce Ministry Announces 123,000 New Commercial Registers in Q4 2025
- Qatar's banking sector performance to remain resilient in 2026
- Dukhan Bank launches FIFA World Cup 2026 campaign in collaboration with Visa
- QSE Index opens lower
- Kuwait oil price down USD 1.09
- NBK warns against fake investment ads on social media
- Oman launches Middle East's first drone delivery service for oil and gas sector
- Gold Falls as Commodity Index Rebalancing Sparks Selling Pressure
- New Aramco Digital Network to Enable Secure Industrial Connectivity across Saudi Arabia
07/03/2018 05:49 AST
National Takaful Company (Watania) posted a net profit of Dh7.6 million for 2017 compared to Dh400,000 in 2016 with return on equity of 9 per cent, the firm said on Tuesday in a statement.
Listed on the Abu Dhabi Securities Exchange, the firm is focused on three main areas of business including motor insurance, medical insurance and general insurance.
"While all three lines of business contributed to the operational profitability the major drivers of the profit were motor and medical. As a portfolio both these products form 85 per cent of our net revenue and we will continue to focus on these product lines," said Ali Saeed Bin Harmel Al Daheri, Chairman of the Board of National Takaful Company.
The company said it is open to exploring opportunities for acquisition if the synergy is right and would launch several initiatives to boost growth this year.
Gulf News
13/08/2017
UAE-based National Takaful Company (Watania) has posted total profits of Dh2.7 million ($735,000) for the second quarter of the year as against a deficit Dh1.5 million a year before, marking a growth
Trade Arabia
23/03/2015
A.M. Best has affirmed the financial strength rating of B+ (Good) and the issuer credit rating of "bbb-" of National Takaful Company (Watania) PJSC (Watania) (United Arab Emirates). The outlook for b
CPI Financial
27/08/2014
Abu Dhabi-listed Islamic insurer National Takaful Co (Watania) said on Tuesday that United Arab Emirates regulators had approved the sale of 60.53 per cent of the firm to MB UAE Investments and an af
Reuters
| Ticker | Price | Volume |
|---|
09/01/2026
Saudi Basic Industries Corp. is selling two overseas businesses for a combined $950 million as the world's biggest petrochemicals maker continues to streamline its portfolio and redeploy capital towa
Arab News
09/01/2026
Dukhan Bank has announced the launch of its FIFA World Cup 2026 campaign in collaboration with Visa, offering eligible Dukhan Bank Visa credit cardholders the opportunity to enter a draw for a premiu
The Peninsula
09/01/2026
National Bank of Kuwait continues promoting the "Let's Be Aware" campaign introduced by the Central Bank of Kuwait, in cooperation with local banks and Kuwait Banking Association (KBA). In this light
Kuwait Times
09/01/2026
Aramco Digital, the technology subsidiary of Saudi Aramco, is set to launch the Kingdom's national industrial communications network operating in the 450 MHz band. Designed to deliver secure, highly
Asharq Al Awsat
09/01/2026
The Extraordinary General Assembly meeting of Qatar Electricity & Water Company (QEWC) approved changing the company's commercial name to Nebras Energy.
The meeting was presided over Thursda
Gulf Times
Financial Information Co.
Saudi Arabia