Watania International Holding Approves 2024 Financials

Watania International Holding PJSC, a prominent investment holding company in the UAE, recently held its General Assembly Meeting on April 23, 2025. The meeting, chaired by Dr. Ali Saeed Bin Harmal Aldhaheri, took place at The Galleries in Jebel Ali Downtown, Dubai, and was also accessible electronically. Notably, the meeting achieved an impressive quorum of 80.02%, with all attendees participating through proxy and electronic voting.

The General Assembly Meeting had a focused agenda, primarily revolving around the approval of the company's financial statements for the fiscal year ending December 31, 2024. The assembly approved the Board of Directors' report on the company's activities and financial position, the Auditor’s report, and the company's balance sheet and profit and loss account for the fiscal year 2024.

Watania International Holding PJSC, formerly known as Dar Al Takaful PJSC, has undergone significant transformations in recent years. Following its rebranding in March 2023, the company shifted its focus from insurance to investment holdings, aiming to expand its footprint through Shariah-compliant investments. This strategic pivot is aligned with the company's long-term vision of fostering growth within the Takaful sector.

The approval of the financial reports indicates a stable financial position for Watania International Holding, reflecting its adaptability and strategic foresight. The company, through its subsidiaries Watania Takaful General PJSC and Watania Takaful Family PJSC, continues to be a leading provider of Takaful products in the UAE. These subsidiaries offer a comprehensive range of products, including motor, general, technical, medical, and family Takaful, catering to both individuals and companies.

Given the company's stable financial position and strategic direction, investors may consider holding their positions in Watania International Holding. The company's focus on Shariah-compliant investments and its leadership in the Takaful sector present promising opportunities for future growth. However, potential investors should remain cognizant of market dynamics and the evolving regulatory landscape in the UAE.

In conclusion, Watania International Holding's recent General Assembly Meeting underscores its commitment to transparency and strategic growth. The approval of the 2024 financials reflects a robust financial foundation, supporting its long-term objectives in the Takaful industry. Investors are advised to hold their positions as the company continues to navigate the dynamic financial landscape with strategic acumen.