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- Trade volume with Saudi Arabia up 65% to QR4.9 billion: Qatar Chamber
- Dukhan Bank named 'Qatar's Best Bank for Consumers'
- Qatar Stock Exchange index at its best weekly performance since Oct 2023: Financial expert
- Dollar hits lows amid central bank independence concerns
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- Mepco unit breaks ground on tissue manufacturing facility at KAEC
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- Oil Steady as Investors Shift Focus to Demand Signals
- Closing Bell: Saudi main index rises to close at 11,068
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
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27/06/2025
Dukhan Bank has been awarded the title of "Qatar's Best Bank for Consumers" at the prestigious Euromoney Awards for Excellence 2025, reaffirming the Bank's leadership in delivering outstanding, Shari
The Peninsula
27/06/2025
Middle East Paper Company (Mepco), one of the largest paper manufacturers in the region, has announced that its key unit - Juthor Paper Manufacturing Company - has broken ground on TM6 - the second p
Trade Arabia
26/06/2025
Specialized Medical Company (SMC), one of Saudi Arabia's leading healthcare providers, made its trading debut on the Saudi Exchange following a successful initial public offering (IPO) that raised SA
Trade Arabia
26/06/2025
Sharjah-headquartered budget carrier Air Arabia has announced the resumption of flights from its hub to various destinations across Iran, Iraq, Georgia, and other key cities, effective Tuesday, July
Gulfnews
26/06/2025
Commercial Bank, a leader in digital innovative solutions, recently held a joint workshop with Qatar Development Bank (QDB) represented by 'Qatar Exports', titled 'Contract Financing Workshop' to sho
The Peninsula
Financial Information Co.
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