Abu Dhabi National Takaful Co.

Logotype for Abu Dhabi National Takaful Co.
Ticker/ISIN
TKFL
AEA001801017
Market/Country
Abu Dhabi Stock Exchange
United Arab Emirates
Latest Stock Price
4.00 AED
2024-02-21

Year to date

-0.33 %

3 months

-0.33 %

6 months

-0.53 %

1 year

0.00 %

3 years

0.00 %

5 years

0.00 %

-

Latest Pressrelease Summaries

On 27 October 2022, a company announced an initial agreement to acquire an individual life takaful portfolio from Dubai Islamic Insurance & Reinsurance Company (AMAN), subject to certain requirements. As these requirements were not met, the company's board of directors decided not to proceed with the acquisition and notified AMAN of the termination of the agreement. The company remains committed to growing and developing its takaful business in the UAE and beyond.
On 27 October 2022, shareholders were informed that the Company had reached an initial agreement to acquire an individual life takaful portfolio from Dubai Islamic Insurance & Reinsurance Company (AMAN), subject to certain requirements. As these requirements have not been met, the board of directors has decided not to proceed with the acquisition and has notified AMAN of the decision to terminate the agreement. The Company continues to focus on profitably growing and developing its takaful business in the UAE and beyond. Yours sincerely, Osama Abdeen Chief Executive Officer
The text is about a review report and condensed interim financial information for Abu Dhabi National Takaful Company P.S.C. for the six-month period ending on 30 June 2024.
The document is a review report and condensed interim financial information for Abu Dhabi National Takaful Company P.S.C. for the six-month period ending on 30 June 2024.
On August 7, 2024, the Board of Directors of Abu Dhabi National Takaful Company held a meeting from 11:00 AM to 12:30 PM with 8 members present, achieving an 88% quorum. The board approved the minutes of the previous meeting, discussed and approved the financial statements for the period ending June 30, 2024, and addressed general operational issues. The meeting was authorized by Osama Abdeen, the Chief Executive Officer.
Resolution No. 448 of 2024 concerns the temporary suspension of trading in the shares of Abu Dhabi National Takaful Co. (TKFL) on the Abu Dhabi Securities Exchange (ADX). The suspension will start at 11:00 AM on August 7, 2024, due to a Board of Directors meeting scheduled at that time, which coincides with the trading session. Trading will resume once ADX receives the meeting results. The resolution mandates that all department heads at ADX implement this decision and that it be communicated to the Securities and Commodities Authority (SCA), the concerned company, all ADX departments, and accredited brokers. The resolution was approved by an authorized person and issued on August 2, 2024.
The Abu Dhabi National Takaful Co. P.S.C held a meeting on 16 April 2024, which ran from 11:00 AM to 12:05 PM at the company's head office in Abu Dhabi. The meeting was chaired by Mr. Khalid Deemas Alsuwaidi and had a quorum of 87.85% attendance, all of which was through proxy or electronic voting. The meeting involved approving the Board of Directors' report on the company's activity and financial position for the fiscal year ending 31/12/2023, the Auditor's Report for the same period, and the Internal Shariah Supervisory Board's Report. The company's balance sheet and profit and loss account for the fiscal year ending 31/12/2023 were discussed and approved. The board's proposal for the distribution of cash dividends amounting to 31,500,000 AED, which represents 30% of paid-up capital or 31.50 fils per share, was also considered.
On April 16, 2024, Abu Dhabi National Takaful Co. P.S.C - Takaful held its General Assembly Meeting. The meeting was chaired by Mr. Khalid Deemas Alsuwaidi and had an attendance of 87.85%. The assembly approved the Board of Directors’ Report on the company’s activity and financial position for the fiscal year ended on December 31, 2023. The Auditor’s Report and the Internal Shariah Supervisory Board’s Report for the same period were also approved. The company’s balance sheet and profit and loss account were discussed and approved. The Board of Directors proposed a cash dividend distribution amounting to 31,500,000 AED, representing 30% of paid-up capital or 30 fils per share, which was approved by the assembly.

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Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Abu Dhabi National Takaful Co.

Disclosures: Abu Dhabi National Takaful Co. - Update on portfolio agreement with AMAN

On 27 October 2022, a company announced an initial agreement to acquire an individual life takaful portfolio from Dubai Islamic Insurance & Reinsurance Company (AMAN), subject to certain requirements. As these requirements were not met, the company's board of directors decided not to proceed with the acquisition and notified AMAN of the termination of the agreement. The company remains committed to growing and developing its takaful business in the UAE and beyond.

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Abu Dhabi National Takaful Co.

Disclosures: Abu Dhabi National Takaful Co.

On 27 October 2022, shareholders were informed that the Company had reached an initial agreement to acquire an individual life takaful portfolio from Dubai Islamic Insurance & Reinsurance Company (AMAN), subject to certain requirements. As these requirements have not been met, the board of directors has decided not to proceed with the acquisition and has notified AMAN of the decision to terminate the agreement. The Company continues to focus on profitably growing and developing its takaful business in the UAE and beyond. Yours sincerely, Osama Abdeen Chief Executive Officer

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Abu Dhabi National Takaful Co.

ADX Disclosures: TKFL Resumption Notice

The text is about a review report and condensed interim financial information for Abu Dhabi National Takaful Company P.S.C. for the six-month period ending on 30 June 2024.

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Abu Dhabi National Takaful Co.

Disclosures: Abu Dhabi National Takaful Co. Financial Results for the Period Ended June 30,2024

The document is a review report and condensed interim financial information for Abu Dhabi National Takaful Company P.S.C. for the six-month period ending on 30 June 2024.

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Abu Dhabi National Takaful Co.

Disclosures: Abu Dhabi National Takaful Co. Board Meeting Results held on 07/08/2024 at 11:00

On August 7, 2024, the Board of Directors of Abu Dhabi National Takaful Company held a meeting from 11:00 AM to 12:30 PM with 8 members present, achieving an 88% quorum. The board approved the minutes of the previous meeting, discussed and approved the financial statements for the period ending June 30, 2024, and addressed general operational issues. The meeting was authorized by Osama Abdeen, the Chief Executive Officer.

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Abu Dhabi National Takaful Co.

ADX Disclosures: Temporary suspension of trading on the shares of Abu Dhabi National Takaful Co. on 07 Aug 2024

Resolution No. 448 of 2024 concerns the temporary suspension of trading in the shares of Abu Dhabi National Takaful Co. (TKFL) on the Abu Dhabi Securities Exchange (ADX). The suspension will start at 11:00 AM on August 7, 2024, due to a Board of Directors meeting scheduled at that time, which coincides with the trading session. Trading will resume once ADX receives the meeting results. The resolution mandates that all department heads at ADX implement this decision and that it be communicated to the Securities and Commodities Authority (SCA), the concerned company, all ADX departments, and accredited brokers. The resolution was approved by an authorized person and issued on August 2, 2024.

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Abu Dhabi National Takaful Co.

Disclosures: Abu Dhabi National Takaful Co. Announcement of Board Meeting to be held on 07/08/2024 at 11:00

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Abu Dhabi National Takaful Co.

ADX Disclosures: TKFL Resumption Notice

The Abu Dhabi National Takaful Co. P.S.C held a meeting on 16 April 2024, which ran from 11:00 AM to 12:05 PM at the company's head office in Abu Dhabi. The meeting was chaired by Mr. Khalid Deemas Alsuwaidi and had a quorum of 87.85% attendance, all of which was through proxy or electronic voting. The meeting involved approving the Board of Directors' report on the company's activity and financial position for the fiscal year ending 31/12/2023, the Auditor's Report for the same period, and the Internal Shariah Supervisory Board's Report. The company's balance sheet and profit and loss account for the fiscal year ending 31/12/2023 were discussed and approved. The board's proposal for the distribution of cash dividends amounting to 31,500,000 AED, which represents 30% of paid-up capital or 31.50 fils per share, was also considered.

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Abu Dhabi National Takaful Co.

Disclosures: Abu Dhabi National Takaful Co. AGM Results held on 16/04/2024 at 11:00

On April 16, 2024, Abu Dhabi National Takaful Co. P.S.C - Takaful held its General Assembly Meeting. The meeting was chaired by Mr. Khalid Deemas Alsuwaidi and had an attendance of 87.85%. The assembly approved the Board of Directors’ Report on the company’s activity and financial position for the fiscal year ended on December 31, 2023. The Auditor’s Report and the Internal Shariah Supervisory Board’s Report for the same period were also approved. The company’s balance sheet and profit and loss account were discussed and approved. The Board of Directors proposed a cash dividend distribution amounting to 31,500,000 AED, representing 30% of paid-up capital or 30 fils per share, which was approved by the assembly.

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Abu Dhabi National Takaful Co.

ADX Disclosures: TKFL Resumption Notice

The document is a review report and condensed interim financial information for Abu Dhabi National Takaful Company P.S.C. It covers the financial performance of the company for the three-month period that ended on 31st March 2024.

1. Attached Document

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