Latest Threads

The Abu Dhabi National Takaful Company held a Board of Directors meeting on Tuesday, November 12, 2024, from 10:00 AM to 11:30 AM, with all nine board members present, achieving a 100% quorum. During the meeting, the board approved the minutes from the previous meeting, discussed and approved the financial statements for the period ending September 30, 2024, and addressed general operational issues. The meeting's decisions and resolutions were authorized by Osama Abdeen, the Chief Executive Officer.

Sharjah Cement and Industrial Development Co. (PJSC) and its subsidiary have released their unaudited interim condensed consolidated financial statements for the period ending 30 September 2024.

Watania International Holding reported a net profit before tax of AED 9.7 million for the first nine months of 2024, marking its fourth consecutive quarter of profitability despite significant one-time claims from the UAE's April rains. The company's improved financial performance was driven by better results in its Medical portfolio, though overall Takaful revenue declined by 9% due to challenges in the Motor and Property lines. Operating expenses decreased by 12% due to operational efficiencies, and the combined operating ratio improved to just above 100%, or 97% when adjusted for the rain-related claims. The company highlighted its strategic focus on long-term shareholder value, technological advancements, customer service, and operational improvements across its Takaful subsidiaries.

On 12 November 2024, Watania International Holding (PJSC) held a Board of Directors meeting at 3:00 PM. During the meeting, the board approved the financial statements for the third quarter ending 30 September 2024 and discussed routine business matters. The meeting details were authorized by Nawal Ma’ally, the Board Secretary, and documented with the company's seal.

Emirates Investment Bank P.J.S.C. has released its interim condensed financial information for the nine-month period ending on September 30, 2024.

The document is a review report and interim financial information for Dubai Refreshment (P.J.S.C.) covering the nine-month period ending on September 30, 2024.