Press releases, Reports & Disclosures for Watania International Holding PJSC

Watania International Holding (PJSC) reported a net profit of AED 13.3 million for the year ending December 31, 2024, despite experiencing one-off losses in its General line of business due to April rains and a higher loss ratio in Motor. No new securities were issued during this period. The company appointed Al Ramz Capital as a liquidity provider to enhance share trading by improving the order book, reducing trading spreads, and minimizing price volatility. Additionally, the company approved new Board of Directors for its subsidiaries, Watania Takaful General PJSC and Watania Takaful Family PJSC, in Q3 2024. New members were also appointed to the Internal Shari’ah Supervision Committee. WIH continued to engage in community support through campaigns focused on road safety, blood donation, and health awareness, and launched an Emiratization campaign to attract young graduates to the Takaful sector.

On 12 March 2025, Watania International Holding (PJSC) held a Board of Directors meeting. The meeting started at 2:30 PM. The board approved the audited financial statements for the year ending 31 December 2024, but the disclosure of these statements is pending final approval from regulators concerning the financials of the operating subsidiaries. Additionally, the board decided to invite the Annual General Assembly to convene after receiving the necessary regulatory approvals. Routine business matters were also discussed. The meeting details were signed by Nawal Ma’ally, the Board Secretary, on the same date.

The Board of Directors of Watania International Holding (PJSC) will meet on Wednesday, 12 March 2025, at 2:30 PM. The agenda includes reviewing and endorsing the audited financial statements for the fiscal year ending 31 December 2024, inviting the Annual General Assembly to convene after receiving necessary approvals, and discussing routine business matters. The authorized signatory for this meeting is Nawal Ma’ally, the Board Secretary.

The preliminary results for Watania International Holding (PJSC), formerly known as Dar Al Takaful (PJSC), have been released for the period ending on December 31, 2024. The company was established on July 23, 2008, with a paid-up, subscribed, and authorized capital of AED 260,156,250. The Chairman of the Board is Dr. Ali Saeed Sultan Bin Harmal Aldhaheri, and the Chief Executive Officer is Mr. Gautam Datta. The company's external auditor is Grant Thornton Audit and Accounting Limited, Dubai Branch. The mailing address is P.O. Box 48883, Dubai, UAE, with a contact telephone number of +971 4 813 4444 and an email address of nawal.maally@watania.ae.

On December 26, 2024, Watania International Holding (PJSC) held a Board of Directors meeting at 1:00 PM. During the meeting, the board approved the company's budget for the financial year 2025 and the procurement of Islamic credit facilities from Emirates NBD Bank. The board also discussed routine business matters. The meeting details were documented by Nawal Ma’ally, the Board Secretary.

A Board of Directors meeting for Watania International Holding (PJSC) is scheduled for Thursday, December 26, 2024, at 1:00 PM. The agenda includes reviewing the company's budget for the financial year 2025, considering the procurement of Islamic credit facilities from Emirates NBD Bank, and discussing routine business matters. The notification is issued by Nawal Ma’ally, the Board Secretary, on December 23, 2024.

A Board of Directors meeting for Watania International Holding (PJSC) is scheduled for Thursday, 12 December 2024, at 3:30 PM. The meeting will focus on routine business discussions. The notification is authorized by Nawal Ma’ally, the Board Secretary, and is dated 9 December 2024.

Watania International Holding reported a net profit before tax of AED 9.7 million for the first nine months of 2024, marking its fourth consecutive quarter of profitability despite significant one-time claims from the UAE's April rains. The company's improved financial performance was driven by better results in its Medical portfolio, though overall Takaful revenue declined by 9% due to challenges in the Motor and Property lines. Operating expenses decreased by 12% due to operational efficiencies, and the combined operating ratio improved to just above 100%, or 97% when adjusted for the rain-related claims. The company highlighted its strategic focus on long-term shareholder value, technological advancements, customer service, and operational improvements across its Takaful subsidiaries.