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Watania back in the black in Q2UAE-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 rate of 272 per cent. Ali Bin More… |
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Watania wins approval for 60.53pc stake saleAbu Dhabi-listed Islamic insurer National Takaful Company (Watania) said on Tuesday that UAE regulators had approved the sale of 60.53 percent of the firm to MB UAE Investments and an affiliate of MB. In a bourse filing, Watania s More… |
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Majority Watania shareholders to sell stakesAbu Dhabi-listed Islamic insurer National Takaful Company (Watania) has said its majority shareholders had agreed to sell stakes to strategic investors from the Gulf region, but did not name the selling or buying More… |
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Watania to start operations in the Q3Abu Dhabi-based National Takaful Company (Watania) plans to start operations in the third quarter and will open five branches within the next two years, said a top official. Speaking at the investors meeting, Aref Ismail Al Khouri, c More… |
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National Takaful to raise $22.4m from IPOAbu Dhabi-based National Takaful Company (Watania) aims to raise Dh82.5 million ($22.46 million), representing 55 per cent of total share capital, through its initial public offering which opens tomorrow (April 18). A Sharia' More… |
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National Takaful IPO set for April 18National Takaful Company (Watania), an Abu Dhabi-based sharia compliant insurance company under establishment will launch its initial public offering (IPO) on April 18. The IPO plans to raise Dh82.5 million ($22.46 million), representing 5 More… |
