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- QNB and Mastercard expand payment services in Syria
- MoCI signs co-operation agreement with Doha Bank
- Investors face more risks from Trump's Venezuela gamble
- Mobile service subscriptions in Oman rise by 9.6 percent
- MSX issues list of securities eligible for market making
- MSX tops GCC with 28% gain, ranks among world's best-performing markets
- UAE aviation drives national economy with expanding global reach
- Opec+ reaffirms commitment to market stability
- Saudi Aramco launches 98-Octane Gasoline for vehicles
- Oman awards $941m infrastructure project tenders in Q4
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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05/01/2026
Mastercard announced that QNB Group, the largest financial institution in the Middle East and Africa, was granted a Mastercard licence to extend its issuing and acquiring activities in Syria, enablin
Gulf Times
05/01/2026
The Ministry of Commerce and Industry (MoCI) has signed a co-operation agreement with Doha Bank, as part of efforts to enhance integration between the public and private sectors and to facilitate ser
Gulf Times
05/01/2026
Saudi oil giant Aramco has announced the launch of its 98-octane gasoline product, which will begin supplying in January 2026 as part of efforts to expand consumer fuel options and diversify its prod
Trade Arabia
04/01/2026
Dubai Electricity and Water Authority (Dewa) has announced that that work is in full swing on its Hassyan desalination project with the Phase I nearly 90% completed.
One of the world's large
Trade Arabia
04/01/2026
QNB forecast a slight improvement in global growth in 2026, amid stability in major economies, projecting a rate of 3.2 percent, which is slightly higher than overall forecasts.The bank's weekly repo
Gulf Times
Financial Information Co.
Saudi Arabia