Latest Threads
Check out what has been happening in the community
Check out what has been happening in the community
Watania International Holding (PJSC) reported a net profit of AED 34.3 million for the year ending December 31, 2025, a significant increase from AED 9.8 million the previous year. This improvement was attributed to better underwriting performance and stable investment income. No new securities were issued during the period. The company extended Al Ramz Capital’s liquidity provider contract to enhance share trading by improving the order book, minimizing trading spreads, reducing price volatility, and increasing trading volume. Through its Takaful subsidiaries, Watania engaged in community support initiatives such as road safety, blood donation, and health awareness campaigns, and launched an Emiratization campaign to attract young graduates to the company and the Takaful sector. Gross Written Contribution increased by 12.1% to AED 1.038 billion, and Takaful income rose by 5.6% to AED 918.4 million. Net investment income grew by 3.8% to AED 37.7 million.
The text refers to the consolidated financial statements of Watania International Holding (PJSC) for the fiscal year ending on December 31, 2025.
Amanat Holdings PJSC held its Annual General Assembly on March 31, 2026, where shareholders approved various agenda items, including the Board of Directors' and Auditor's reports, financial statements for 2025, and a record cash dividend of AED 175 million (7% per share). The meeting, with an 84% quorum, also approved the Board's remuneration, discharged the Board and auditors from liability for 2025, appointed an external auditor for 2026, and authorized Board members to engage in competing businesses under certain conditions. Additionally, the appointment of Mr. John Ireland to the Board was ratified. Chairman Dr. Ali Saeed bin Harmal Aldhaheri and CEO John Ireland expressed gratitude for shareholder support and emphasized the company's focus on sustainable growth and shareholder returns. The resolutions will be submitted to regulatory authorities.
The text outlines instructions for submitting a proxy form via email to rabah.hakem@erc.ae at least two days prior to a meeting. It requires proof of the signature of the shareholder or authorized person according to attached guidelines. The proxy form allows the undersigned investor to appoint a representative to attend and vote on their behalf at the General Assembly Meeting of Emirates Reem Investments Company PJSC, scheduled for 3:00 PM on Tuesday, April 21, 2025, or any later date if the meeting is postponed. The form includes fields for investor details, representative details, and requires a date, signature, and corporate stamp if applicable.