Takaful Emarat (PSC)

Ticker/ISIN

TAKAFUL-EM

AET000201011

Market/Country

Dubai Financial Market

United Arab Emirates

About Takaful Emarat (PSC)

Country of Origin: United Arab Emirates (U.A.E)

Takaful Emarat – Insurance (PJSC) – Dubai – United Arab Emirates (hereinafter referred to as the “Company”) incorporated as a public joint stock company in accordance with the U.A.E. Federal Law No. 8 of 1984 (as amended) and with U.A.E. Federal Law No. 6 of 2007 with the matter of establishing Insurance Authority and organizing its working in United Arab Emirates.

The company carries out Takaful Insurance Activities in Health Insurance and Life Insurance and Credit & Saving Insurance in accordance with the Islamic Sharia’a and within the provisions of the Articles of Association of the company.

Latest Pressrelease Summaries from Takaful Emarat (PSC)

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.

Disclosure: Resolutions of General Assembly

7 days ago

Takaful Emarat Insurance, a public shareholding company in Dubai, UAE, is subject to Federal Law No. (48) of 2023 and is registered under insurance companies Register No. 86 since October 14, 2008. The company announced the opening of nominations for two vacant Board membership seats on April 8, 2025. The election for these positions is scheduled for April 30, 2025, during the company's Annual General Assembly meeting. The nominees for the Board membership are Ms. Abeer Abdulla Khalil Mohamed Samea Almutawa (UAE), Mr. Hicham Moufid Hammoud (Palestine), Mr. Kareem Z A Murad (Jordan), Mr. Haroon Ahmad (United Kingdom), and Ms. Huda Buhumaid (UAE), all of whom are non-executive and independent candidates. Their nominations are subject to approval by the Central Bank of the UAE. The announcement is signed by Adnan Sabaalaish, the Acting CEO.

Disclosure: Nominees for Board of Directors membership

9 days ago

Takaful Emarat - Insurance PSC has appointed BHM Capital Financial Services PSC as a Liquidity Provider for its shares listed on the Dubai Financial Market. This appointment follows the necessary approval from the Dubai Financial Market. The liquidity provision activity for Takaful Emarat's shares is set to begin on April 25, 2025.

Disclosure: Notification from the company

13 days ago

Takaful Emarat Insurance (P.S.C), a public shareholding company registered under UAE Federal Law No. 48 of 2023, held a Board of Directors meeting on April 24, 2025. During the meeting, the Board approved a Liquidity Provider agreement. The authorized signatory for the decision was Adnan Sabaalaish, the Acting Chief Executive Officer, who signed the resolution on the same date. The company is registered under insurance companies Register No. 86, dated October 14, 2008.

Disclosure: Results of Board Decisions by Passing

13 days ago

Takaful Emarat Insurance (P.S.C) is a public shareholding company based in Dubai, United Arab Emirates, registered under Federal Law No. 48 of 2023. It is listed in the insurance companies register with the number 86 since October 14, 2008. The company is planning a board meeting on Thursday, April 24, 2025, at 3:00 PM, conducted by circulation. The meeting agenda includes reviewing and approving a Liquidity Provision agreement. The document is signed by Adnan Sabaalaish, the Acting Chief Executive Officer, on April 21, 2025.

Disclosure: Board Decisions by Passing

16 days ago

Takaful Emarat Insurance (P.S.C), a public shareholding company based in Dubai, UAE, issued a clarification on April 17, 2025, regarding a statement by the Insurance Authority in Saudi Arabia. The company emphasized that it has no legal or commercial relationship with "Takaful Emarat Insurance Services," a Saudi company that was suspended from practicing insurance brokerage activities. Takaful Emarat Insurance (P.S.C) clarified that it is a national insurance company licensed by the Central Bank of the UAE, operating under UAE federal law and regulations. This statement aims to prevent confusion due to the similarity in names and to maintain transparency for clients and business partners. For further inquiries, contact investor.relations@takafulemarat.com. The clarification was signed by Adnan Sabaalaish, Acting CEO.

Disclosure: Clarification from the company

20 days ago

Takaful Emarat Insurance PSC has announced the opening of nominations for its Board of Directors. The nomination period runs from April 9 to April 18, 2025. Eligible individuals or shareholders can apply by submitting an application to the company's management at its Dubai headquarters or via email. The application must include a brief profile and specify the category of membership sought. Two board members will be elected, and candidates must meet specific legal and company requirements. Applications must include necessary documents, and once the nomination period ends, candidates cannot transfer their candidacy. The company will publish the candidates' details on April 27, 2025, and submit the list to relevant authorities.

Disclosure: Opens the nominations for BOD membership

a month ago

Takaful Emarat Insurance PJSC's Board of Directors invites shareholders to the company's annual general assembly meeting. The meeting will be held physically at Hassanicore Tower in Dubai and electronically on April 30, 2025, at 2:00 PM. The agenda includes reviewing and approving the Board of Directors' report, the Auditor’s report, the Internal Shariah Supervisory Board’s report, the company's balance sheet, and the profit and loss account for the year ending December 31, 2024. Additionally, the meeting will cover the appointment of members to the Internal Shariah Supervisory Committee and ratification of new Board members who replaced those who resigned. The Board will also recommend not distributing dividends to shareholders and discharge Board members from liability for the year ending December 31, 2024.

Disclosure: Invitation of General Assembly

a month ago

Threads

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Dubai Financial Market News

News Update From Takaful Emarat (PSC) 7 months ago

Disclosure: BOD meeting

The Securities & Commodities Authority in Abu Dhabi and the Dubai Financial Market have scheduled a meeting for Takaful Emarat Insurance PSC on Tuesday, 22 October 2024, at 4:00 PM via Microsoft Teams. The agenda includes considering the approval of a new Board member to fill a vacant position and discussing business updates and other matters. The meeting details were authorized by Mohammed Abu Quora, the CEO, and documented on 17 October 2024.

1. Attached Document

Dubai Financial Market News

News Update From Takaful Emarat (PSC) 7 months ago

Disclosure: Results of BOD Meeting

The board of directors of Takaful Emarat Insurance PSC held a meeting on Tuesday, 15 October 2024, from 4:00 PM to 4:45 PM. Five board members were present, achieving a quorum of 71%. The meeting included discussions on business updates and other matters. The meeting's decisions and resolutions were documented, with Mohammed Abu Qoura, the Chief Executive Officer, serving as the authorized signatory.

1. Attached Document

Dubai Financial Market News

News Update From Takaful Emarat (PSC) 7 months ago

Disclosure: Notification from the company regarding capital reduction

1. Attached Document

Dubai Financial Market News

News Update From Takaful Emarat (PSC) 7 months ago

Disclosure: BOD meeting

1. Attached Document

Dubai Financial Market News

News Update From Takaful Emarat (PSC) 8 months ago

Disclosure: Resignation of the Chief Operating Officer

1. Attached Document

Dubai Financial Market News

News Update From Takaful Emarat (PSC) 8 months ago

Disclosure: Resignation of BOD member

On April 9, 2024, Takaful Emarat Insurance PSC announced the resignation of Mr. Omar Al Romaithi, an independent, non-executive board member, due to personal reasons. The resignation was accepted and became effective on the same date. The announcement was authorized by Mohammed Abu Quora, the Chief Executive Officer, and was signed and sealed on April 9, 2024.

1. Attached Document

Dubai Financial Market News

News Update From Takaful Emarat (PSC) 8 months ago

Disclosure: Results of BOD Meeting

1. Attached Document

Dubai Financial Market News

News Update From Takaful Emarat (PSC) 8 months ago

Disclosure: BOD meeting

Takaful Emarat Insurance PSC has scheduled a board meeting on Wednesday, 04 September 2024, at 3:00 PM via MS Teams. The agenda includes the approval of a new Board member, the appointment of the Board Chairperson, and discussion of business updates and other matters. The notice is signed by Mohammed Abu Quora, Chief Executive Officer, on 30 August 2024.

1. Attached Document

Dubai Financial Market News

News Update From Takaful Emarat (PSC) 9 months ago

Disclosure: Resignation of BOD member

On August 14, 2024, Takaful Emarat Insurance PSC announced the resignation of Ms. Fatma Hussain, an independent and non-executive board member, effective from August 13, 2024. The resignation was due to personal reasons. The announcement was authorized by Mohammed Abu Quora, the Chief Executive Officer, and was signed and dated on August 14, 2024.

1. Attached Document

Dubai Financial Market News

News Update From Takaful Emarat (PSC) 9 months ago

Disclosure: Financial statements for the 2n QTR of 2024

1. Attached Document

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