Published: Sep 10, 2014
Source: MSM


Email this story Print this page zoomin zoomout

AL MADINA TAKAFUL Investment in National Takaful Company (Watania)

The Board of Directors of the Company on 10/9/2014 approved the decision to invest in the UAE Takaful sector and the Company has completed the purchase of 9.53% stake in National Takaful Company (Watania)at a price of AED 1.25 per share for a total consideration of AED 17,879,495 (equivalent to OMR 1,868,210). This is a strategic investment with MB Holdings. It will allow Al Madina to build synergies and have an access to the fast growing UAE Takaful market. This will add value to our shareholders and policyholders and have a positive impact on our income.


Middle East Stock Markets

Index Last Change %Change
TASI 6,878.68 +46.38 0.68%
ADI 4,495.28 +13.39 0.30%
DFMGI 3,461.43 -13.30 -0.38%
QE 10,445.24 +49.24 0.47%
KSE 7,043.46 +23.28 0.33%
MSM30... 5,635.080 +17.400 0.31%
ASE... 2,236.68 +6.29 0.28%

Recent Analyst Actions  >>

Company Price Opinion
DXB Entertainments 1.90 Buy
Abdullah Al Othaim Markets 125.60 Overweight
Bupa Arabia for Cooperative 137.60 Overweight
Abdul Mohsen Al-Hokair Group 40.50 Overweight
Saudi Telecom Co. 68.90 Overweight

Markets Today Quick Links


Get all the latest updates about the GCC & Global Markets directly to your email