Abu Dhabi National Takaful Posts Financial Results for 2017, With Dh65 Million Net Profit

Press release
Published February 11th, 2018 - 12:08 GMT
Shareholders net profit for 2017 reached Dh59.7 million compared to Dh48.4 million for the same period last year, achieving an increase of 23%.
Shareholders net profit for 2017 reached Dh59.7 million compared to Dh48.4 million for the same period last year, achieving an increase of 23%.

Abu Dhabi National Takaful Co. PSC, the leading takaful operator in the region and one of the most progressive insurers in the UAE announced its preliminary financial results for the year ended 31 December, 2017.

The company's combined net profit increased by 35% reaching AED 65.3 million for the year 2017 (for policyholders & shareholders before Qard Hasan provision) compared to AED 48.4 million for the year 2016. Shareholders net profit for the year ending 31 December, 2017 reached AED 59.7 million compared to AED 48.4 million for the same period last year achieving an increase of 23%.

This performance, which marked the company’s eighth consecutive year of continuous increase in net profits, was significantly boosted by excelling across all financial & non-financial indicators with a key focus on excellent customer service and unique products offering.

During 2017, ADNTC maintained its financial strength rating of A- (Excellent) and an issuers credit rating of (a-), which is the highest rating assigned to a Takaful operator by A.M Best worldwide. This showcases the company's stability and reinforces its position as one of the leading Takaful operators in the region.

For its continued excellent performance, the company was awarded ‘Takaful Company of the Year’ at the 4th Middle East Insurance Industry Awards (MIIA) in 2017. For more information, please visit Takaful's website on www.takaful.ae.

Background Information

National Takaful Company

National Takaful Company "Watania" is an Abu Dhabi based Islamic insurance company (under establishment) with a paid up capital of AED 150 million. Watania’s founding shareholders are among Abu Dhabi’s leading institutions across key industries, and they are Abu Dhabi National Islamic Finance (ADNIF), Abu Dhabi National Insurance Company (ADNIC), Abu Dhabi National Energy Company (TAQA) and Aldar Properties (ALDAR), who own collectively 45% of the shares while the 55% left will be available in an Initial Public Offering (IPO) for UAE, Arab and international investors.

Watania offers a unique suite of Shariah-compliant products that meet the needs of all individual and corporate customers, and has been established to play a central role in developing the increasingly popular Shariah-compliant insurance industry in UAE. The company is guided by a seasoned management team with extensive knowledge and expertise in the Takaful industry as well as a proven track record in the UAE and regional market.

Contact Information

"قاطع الرؤوس" في قبضة الاستخبارات العراقية

Published February 23rd, 2019 - 09:39 GMT
مقاتلين من داعش/ أرشيفية
مقاتلين من داعش/ أرشيفية

أعلنت الاستخبارات العسكرية العراقية، أمس الجمعة، عن اعتقال قاطع الرؤوس في "داعش" على الحدود العراقية السورية، الذي ظهر في أكثر من فيديو وهو ينفذ عمليات إعدام.

وقالت المديرية في بيان على صفحتها في موقع "فيسبوك" إن "مفارز مديرية الاستخبارات العسكرية في الفرقة 15 ، وإثر معلومات استخبارية دقيقة، ألقت القبض على أحد الإرهابيين الذين تسللوا عبر الحدود العراقية السورية والمعروف بـ (قاطع الرؤوس)".

وأضافت أن "هذا الشخص معروف بقاطع الرؤوس"، وأنه "ظهر بعدة إصدارات للدواعش أمام أشخاص قام بقطع رؤوسهم في العراق وسوريا".

 


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