Watania International Announces New Leadership
Watania International Holding PJSC reveals strategic leadership changes and committee appointments, signaling a promising future.
Summary
Watania International Holding PJSC has elected Dr. Ali Saeed Sultan Bin Harmal Aldhaheri as Chairman and Mr. Matar Hamdan Sultan Al Ameri as Vice Chairman, with new board committees approved. These changes aim to drive strategic growth and expansion in the Takaful sector.
In a significant move, Watania International Holding PJSC (WIH), a prominent name in the Takaful insurance sector in the UAE, has announced key leadership changes following the recent board meeting held on April 29, 2025. The election of Dr. Ali Saeed Sultan Bin Harmal Aldhaheri as Chairman of the Board of Directors, alongside Mr. Matar Hamdan Sultan Al Ameri as Vice Chairman, marks a strategic shift aimed at steering the company towards greater heights.
The board meeting, which commenced at 2:00 PM, also saw the formal approval of the constitution and appointment of new board committees, ensuring a robust governance structure to support WIH's ambitious growth plans. Additionally, Mrs. Nawal Saleh Ahmed Ma’ally was appointed as the Secretary to the Board of Directors, further strengthening the company's leadership framework.
These appointments are expected to infuse fresh perspectives and innovative strategies into WIH's operations. The leadership changes come at a crucial time as the company continues its transformation from an insurance provider to an investment holding entity focusing on Shariah-compliant investments. This strategic pivot is aligned with WIH's vision to expand its footprint in the Takaful sector, leveraging its position as one of the leading providers in the UAE.
WIH's journey has been marked by strategic consolidations, including the acquisition of Noor Takaful in 2020 and the merger with National Takaful Company PJSC in 2022. These moves have solidified its market position, enabling it to offer a diverse range of Takaful products catering to both individuals and businesses. Operating in accordance with Islamic Sharia and UAE Federal Law, WIH's subsidiaries, Watania Takaful General PJSC and Watania Takaful Family PJSC, continue to deliver comprehensive insurance solutions.
Given the company's strategic direction and leadership changes, investors may find WIH an attractive proposition. The focus on Shariah-compliant investments and the continued growth in the Takaful sector position WIH for potential long-term success. Therefore, considering the current market dynamics and WIH's strategic initiatives, the recommendation is to hold the instrument, allowing for potential future gains as the company executes its growth strategy.
Source
Summary
On April 29, 2025, Watania International Holding (PJSC) held a Board of Directors meeting at 2:00 PM. Dr. Ali Saeed Sultan Bin Harmal Aldhaheri was elected as Chairman, and Mr. Matar Hamdan Sultan Al Ameri as Vice Chairman. The Board formally approved the constitution and appointment of its committees. Mrs. Nawal Saleh Ahmed Ma’ally was appointed as the Secretary to the Board of Directors. Routine business matters were discussed during the meeting. The document was signed by Nawal Ma’ally, the Board Secretary, on the same date, and bears the company's seal.
