Please wait...
GulfBase Live Support
- Oil Updates - crude edges up on potential US tariff exemptions on cars
- Saudi inflation holds at 2.3% in March amid rising housing and food prices
- Saudi real estate prices rise 4.3% in Q1 on residential sector gains: GASTAT
- Dukhan Bank launches new House Finance campaign
- Doha Bank partners with Ox Fitness Lab
- Oman targets 5,380 jobs for citizens in key sectors in 2025
- Dhofar unveils key projects to boost tourism, economy
- QSE index closes 0.28 percent higher
- QNB announces share buyback extension
- Investment in Oman's zones surges 10% to RO21bn
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 |
|---|
15/04/2025
Dukhan Bank, Qatar's leading provider of Sharia-compliant financial solutions, has launched a new House Finance campaign offering customers exclusive benefits, including a competitive profit rate as
The Peninsula
15/04/2025
Doha Bank, one of Qatar's leading financial institutions, has announced an exclusive partnership with Ox Fitness Lab, to provide its premium credit card customers with complimentary access to a growi
The Peninsula
15/04/2025
Qatar National Bank (QNB) announced Monday it had received approval from Qatar Financial Markets Authority (QFMA) to extend its share buyback for another year or until the completion of the approved
QNA
15/04/2025
Burgan Bank has released its sixth annual Sustainability Report, marking a major milestone in its ESG journey and reinforcing its excellence in sustainable financial practices. As the first bank in K
Kuwait Times
15/04/2025
As part of its continued commitment to promoting innovation and creativity among its employees, Gulf Bank has introduced the third edition of the Fekrety Innovation Competition for 2025. The competit
Kuwait Times
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia