Takaful Emarat Approves Key Financial Reports
Takaful Emarat's General Assembly meeting highlights approval of crucial financial reports and strategic appointments for the year 2024.
Summary
Takaful Emarat's recent General Assembly meeting saw the approval of vital financial reports and strategic appointments, indicating a strong future outlook.
Takaful Emarat Insurance PSC, a leading Takaful insurance provider in the United Arab Emirates, recently held its General Assembly meeting on April 30, 2025. The meeting, chaired by Dr. Nooraldeen Atatreh, was marked by the approval of several key financial and strategic decisions, reflecting the company's robust performance and commitment to maintaining its leadership in the Takaful insurance sector.
The meeting commenced with a quorum of 53.65% of the total capital, with the majority of attendees participating through electronic voting. This high level of engagement underscores the shareholders' vested interest in the company's direction and performance.
One of the crucial resolutions passed was the approval of the Board of Directors report, which detailed the company's activities and financial position for the year ending December 31, 2024. This report provides a comprehensive overview of Takaful Emarat's operations, highlighting its resilience and adaptability in a competitive market.
Additionally, the General Assembly approved the Auditor's Report, the Internal Shariah Supervisory Board's Report, and the company's balance sheet and profit and loss account for the same period. These approvals are a testament to the company's transparent financial practices and adherence to Islamic Sharia principles, which are central to its operations.
In a move that underscores its commitment to Sharia compliance, Takaful Emarat appointed Dr. Azzeddine Benzeghiba and Mr. Moosa Khoory to its Internal Shariah Supervisory Committee. This strategic decision is expected to further strengthen the company's governance framework and enhance its reputation as a trusted provider of Sharia-compliant insurance solutions.
Moreover, the General Assembly ratified the appointment of new Board members who replaced those who had resigned. This decision ensures continuity in leadership and strategic vision, which is crucial for navigating the dynamic insurance landscape.
Given the company's strong financial performance, strategic appointments, and commitment to Sharia compliance, the future outlook for Takaful Emarat appears optimistic. Investors may consider holding their positions as the company continues to build on its strengths and explore new growth opportunities in the Takaful insurance sector.
Source
Summary
On April 30, 2025, Takaful Emarat Insurance PSC held a General Assembly Meeting chaired by Dr. Nooraldeen Atatreh at Office 103, First Floor, Hassanicor Building, Sheikh Zayed Road, Dubai, UAE. The meeting, which took place from 2:00 PM to 3:00 PM, had a quorum of 53.65% of the total attendance, primarily through proxy and electronic voting. During the meeting, several key resolutions were approved: the Company's Board of Directors report, the Auditor’s Report, the Internal Shariah Supervisory Board’s Report, and the Company’s balance sheet and profit and loss account for the year ending December 31, 2024. Additionally, the appointment of Dr. Azzeddine Benzeghiba and Mr. Moosa Khoory to the Internal Shariah Supervisory Committee was approved, along with the ratification of new Board members replacing those who resigned.
