Methaq Takaful Insurance Company opens new branch in Al Ain

Methaq Takaful Insurance Company opened a new branch in Al Ain, as part of its expansion strategy aiming at increasing its outreach to clients wherever they are, and providing them with its creative set of takaful insurance products.

With this newly-opened branch, located in Oud Al Toba street, at the heart of Al Ain city, Methaq’s network is now composed of 4 fully-operating branches in Abu Dhabi, Dubai, Al Mirfa (in the Western Region), and Al Ain (in the Eastern Region). In addition, a fifth branch will be opening soon at Jebel Ali, Dubai.

The long-term strategy for the insurance company features successive openings of several branches throughout the UAE to meet the diverse demands of its customers for insurance products. Methaq is well known for its wide range of products it offers, including: car insurance, marine cargo insurance, travel insurance, residence insurance, and the small- and medium-size enterprises (SME) package, along with other products and solutions. The company has also launched, in cooperation with Al Yah Satellite Communications Company (YahSat), an innovative, one-of-a-kind takaful insurance program for managing satellite risks. This program covers the launch of two satellites into the open space for YahSat, the first of which was successfully launched on April 23^rd.