Takaful Emarat (PSC)

Takaful Emarat (PSC)

Pressreleases, Reports and Disclosures for Takaful Emarat (PSC)

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News Update From Takaful Emarat (PSC)
Disclosure: Detailed Analysis Accumulated Losses

The form, prepared under the SCA Board of Directors' Decision No. (32/R.M.) of 2019, addresses companies with accumulated losses of 20% or more of their paid-up capital. As of May 14, 2026, Takaful Emarat – Insurance (PSC) reported accumulated losses of AED 44,590,000, equating to 21% of its paid-up capital. This increase in losses is attributed to the geopolitical situation causing market volatility and a decline in the value of the company's equity investments. These losses are market-driven and do not indicate a decline in the company's core operations, which remain stable. The company aims to normalize the loss ratio to 16% before income tax credit and equity valuations. Despite the losses, Takaful revenues rose by 23% in Q1 2026 compared to Q1 2025, with improved underwriting quality and effective cost management. The company anticipates a recovery in equity valuations in Q2 2026.

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News Update From Takaful Emarat (PSC)
Disclosure: Financial statements for the 1st QTR of 2026

Takaful Emarat - Insurance (PSC) and its subsidiary have released their unaudited interim condensed consolidated financial information for the three-month period ending on March 31, 2026.

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News Update From Takaful Emarat (PSC)
Disclosure: Results of Board Decisions by Passing

The Board of Directors of Takaful Emarat Insurance PSC held a meeting by circulation on Friday, 15 May 2026, at 3:00 PM. The purpose of the meeting was to review and approve the unaudited financial statements for the first quarter of 2026. The meeting's decisions and resolutions were documented, with Adnan Sabaa Alaish, the Chief Executive Officer, serving as the authorized signatory. The meeting was conducted under the oversight of H.E. Waleed Saeed Al Awadhi, CEO of the Capital Market Authority, and Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market, UAE.

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News Update From Takaful Emarat (PSC)
Disclosure: Board Decisions by Passing

Takaful Emarat Insurance (P.S.C) is a public shareholding company based in Dubai, United Arab Emirates, and is subject to Federal Law No. (48) of 2023. It is registered under the insurance companies register No. 86 since October 14, 2008. The company can be contacted via phone at +971 4 230 9300 or fax at +971 4 230 9333. The Chief Executive Officer is H.E. Waleed Saeed Al Awadhi. A board meeting by circulation is scheduled for Friday, May 15, 2026, at 3:00 PM to review and approve the unaudited financial statements for the first quarter of 2026. The authorized signatory for the disclosure is Adnan Saba Al Aish, the Chief Executive Officer, with the signature dated May 13, 2026.

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News Update From Takaful Emarat (PSC)
Disclosure: Annual Report of the Internal Sharia Supervisory Committee
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News Update From Takaful Emarat (PSC)
Disclosure: Results of General Asssembly Meeting

On 30 April 2026, Takaful Emarat Insurance PSC held a General Assembly meeting at Jumeirah Nassim Hotel and online from 11:00 AM to 12:00 PM, chaired by Dr. Nouraldeen Subhi Atatreh. The meeting achieved a quorum with a 56.36% attendance rate, including 3.55% personal attendance and 52.81% proxy attendance. The assembly approved several items: the Board of Directors' report on the company's activities and financial position for the year ending 31 December 2025, the auditor's report, the consolidated financial statements, the Internal Shariah Supervisory Committee report, and the Board's recommendation not to distribute dividends. Additionally, the Board's recommendation on remuneration for the financial year was approved.

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News Update From Takaful Emarat (PSC)
Disclosure: Integrated report for the year 2025
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News Update From Takaful Emarat (PSC)
Disclosure: Open the nominations for BOD membership

Takaful Emarat Insurance PSC has announced the opening of the nomination process for its Board of Directors. The nomination period is from April 9 to April 18, 2026. Eligible individuals or shareholders can submit their applications to the company's headquarters in Dubai or via email, including a brief profile and the category of membership sought. Seven board members will be elected, and the process follows specific legal and governance requirements. Once the nomination period ends, candidates cannot transfer their candidacy. The final list of candidates will be published on April 27, 2026, subject to regulatory approvals, and will be available on the company's website and notice board.

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News Update From Takaful Emarat (PSC)
Disclosure: Invitation of General Assembly

The Board of Directors of Takaful Emarat Insurance PSC invites shareholders to the annual general assembly meeting on Thursday, April 30, 2026, at 11 am, both physically at Nassem Hotel, Al Jumeirah, and remotely. The agenda includes reviewing and approving the Board's report on the company's activities and financial position for 2025, the auditor's report, the consolidated financial statements, and the Internal Shariah Supervisory Committee report. Shareholders will also consider the Board's recommendation not to distribute dividends for 2025, approve the Board's remuneration, and discharge the Board members from liability for 2025.

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News Update From Takaful Emarat (PSC)
Disclosure: Integrated report for the year 2025
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News Update From Takaful Emarat (PSC)
Disclosure: Resignation of BOD member - Vice Chairman

Hisham Moufid Hammoud, an independent non-executive board member of Takaful Emarat Insurance PSC, has resigned from the company's Board of Directors due to personal reasons. The resignation was accepted on March 25, 2026, and became effective on that date. The announcement was authorized by Adnan Saba Elaish, the Chief Executive Officer, and documented on March 31, 2026.

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News Update From Takaful Emarat (PSC)
Disclosure: Financial statements for the year of 2025
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