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Reverted to revision 678452120 by Yk Yk Yk (talk): Restored to the version which was written & sourced in encyclopedic style & not a corporate brochure. (TW)
updated financials
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* Health takaful
* Health takaful
}}
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| revenue = {{nowrap|{{increase}} [[United Arab Emirates dirham|AED]] 191&nbsp;million (2014)<ref name="AR 2014">{{citation |title=Annual Report 2014 |url=http://www.watania.ae/images/wataniya/pdf/FinancialStatementsDecember2014.pdf |format=PDF |date=2014-12-31 |publisher=National Takaful Company (Watania) PJSC |access-date=2015-08-29}}</ref>}}
| revenue = {{nowrap|{{decrease}} [[United Arab Emirates dirham|AED]] 200&nbsp;million (2016)<ref name="AR 2016">{{citation |title=Annual Report 2016 |url=http://www.watania.ae/Portals/Portal1/Upload/Block/Documents/Audited%20Financial%20Statements%202016.pdf |format=PDF |date=2016-12-31 |publisher=National Takaful Company (Watania) PJSC |access-date=2017-07-11}}</ref>}}
| net_income = {{nowrap|{{decrease}} -AED 10&nbsp;million (2014)<ref name="AR 2014"/>}}
| net_income = {{nowrap|{{increase}} -AED 14&nbsp;million (2016)<ref name="AR 2016"/>}}
| assets = {{nowrap|{{increase}} AED 343&nbsp;million (2014)<ref name="AR 2014"/>}}
| assets = {{nowrap|{{decrease}} AED 323&nbsp;million (2016)<ref name="AR 2016"/>}}
| equity = {{nowrap|{{decrease}} AED 120&nbsp;million (2014)<ref name="AR 2014"/>}}
| equity = {{nowrap|{{decrease}} AED {{0|0}}79&nbsp;million (2016)<ref name="AR 2016"/>}}
| parent = {{plainlist|
| parent = {{plainlist|
* MB UAE Investments LLC (51.00%)<ref name="shareholders">{{cite web |title=Major shareholders |url=https://www.adx.ae/English/Securities/Pages/MajorShareholders.aspx?Symbol=WATANIA |publisher=Abu Dhabi Securities Exchange |access-date=2015-08-29}}</ref> <small>(wholly owned by [[MB Holding]])</small>
* MB UAE Investments LLC (51.00%)<ref name="shareholders">{{cite web |title=Major shareholders |url=https://www.adx.ae/English/Securities/Pages/MajorShareholders.aspx?Symbol=WATANIA |publisher=Abu Dhabi Securities Exchange |access-date=2015-08-29}}</ref> <small>(wholly owned by [[MB Holding]])</small>

Revision as of 14:50, 11 July 2017

National Takaful Company (Watania) PJSC
Company typePublic
ADX: WATANIA
IndustryTakaful
Founded12 July 2011; 13 years ago (2011-07-12)
Headquarters
Al Jazeera Tower
Al Muroor Road, Abu Dhabi
,
United Arab Emirates
Key people
  • Khaled Al Khoori (Chairman)
  • Mohammed Hamdan (Acting CEO)
Products
  • General takaful
  • Health takaful
RevenueDecrease AED 200 million (2016)[1]
Increase -AED 14 million (2016)[1]
Total assetsDecrease AED 323 million (2016)[1]
Total equityDecrease AED 079 million (2016)[1]
Parent
Websitewww.watania.ae

National Takaful Company (Watania) PJSC (Arabic: وطنية للتكافل) is a takaful company based in Abu Dhabi, United Arab Emirates.

The company was created in 2011 by Abu Dhabi National Islamic Finance, Abu Dhabi National Insurance Company, TAQA and Aldar Properties.[4] These founding investors floated around 55 percent of the company's shares in an initial public offering which was seven times oversubscribed.[4][5] The company commenced operations shortly after, with the opening of six branches in Abu Dhabi, Dubai and Sharjah over the following two years.[6]

In 2014, Oman-based conglomerate MB Holding acquired a 60.5 percent stake in the company through two subsidiaries, including Al Madina Takaful.[7][3]

Watania operates using the wakala model and offers general and health takaful products.[8]

References

  1. ^ a b c d Annual Report 2016 (PDF), National Takaful Company (Watania) PJSC, 2016-12-31, retrieved 2017-07-11
  2. ^ a b "Major shareholders". Abu Dhabi Securities Exchange. Retrieved 2015-08-29.
  3. ^ a b Khan, Gulam Ali (2014-08-26). "Al Madina, MB Holding to buy 60.5% stake in UAE takaful firm". Muscat Daily. Retrieved 2015-08-29.
  4. ^ a b Haider, Haseeb (2011-05-03). "Watania IPO 7 times oversubscribed". Khaleej Times. Retrieved 2015-08-29.
  5. ^ "National Takaful Company "Watania" to launch IPO tomorrow". National Bank of Abu Dhabi. 2011-04-18. Retrieved 2015-08-29.
  6. ^ "Watania's constituent general meeting approves the official launch of the company". National Takaful Company (Watania) PJSC. 2011-05-23. Retrieved 2015-08-29.
  7. ^ Al Sayegh, Hadeel (2014-08-26). "Islamic insurer Watania rises close to 10% on takeover interest". The National. Retrieved 2015-08-29.
  8. ^ "Watania takaful model". National Takaful Company (Watania) PJSC. Retrieved 2015-08-29.
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