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Home > Issuers > Listed Securities > Securities > Company Profile Page

Takaful Emarat (PSC)

TAKAFUL-EM
2.020
0.000
0.000%
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  • Market: DFM
  • Symbol: TAKAFUL-EM
  • ISIN: AET000201011
  • Sector: Insurance

Company Brief

Country of Origin: United Arab Emirates (U.A.E)

Takaful Emarat – Insurance (PJSC) – Dubai – United Arab Emirates (hereinafter referred to as the “Company”) incorporated as a public joint stock company in accordance with the U.A.E. Federal Law No. 8 of 1984 (as amended) and with U.A.E. Federal Law No. 6 of 2007 with the matter of establishing Insurance Authority and organizing its working in United Arab Emirates.

The company carries out Takaful Insurance Activities in Health Insurance and Life Insurance and Credit & Saving Insurance in accordance with the Islamic Sharia’a and within the provisions of the Articles of Association of the company.

Key Facts

ESTABLISHED

May 18, 2008

AUDITOR

Ernst & Young

FISCAL YEAR END

DECEMBER

REGISTRAR

National bank of Abu Dhabi

Board Members

CHAIRMAN

H.E. Abdulla Bakheet Saif Murshed Almarar

DEPUTY

Mr. Abdulla Subhi Ahmad Atatreh

MEMBERS

Mr. Mohammad Alhawari
Mr. Zafar Habib Khan Zafar Bashir
Mr. Khalifa Yousif Abdulla Husain AlKhoori

Top Management

FINANCIAL CONTROLLER
Mr. Adnan Sabaalaish

CORPORATE SOLUTIONS DIRECTOR
 Mr. Tammam Abdullah

HEAD OF OPERATIONS

Mr. Lalitha Prasad

HUMAN RESOURCES MANAGER

Mr. Mahmoud Rahhal

INTERNAL AUDIT & COMPLIANCE MANAGER

Mr. Salman Qureshi

Contact Information Investor Relationship Manager:
Ms.Nour Al Jafari

Office: +971 (4) 2309415
Fax:    +971 (4) 2309333
n.aljafari@takafulemarat.com

 

Equity Profile

DATE OF LISTING

Jul 20, 2008

SECTOR

Insurance

AUTHORIZED CAPITAL:

150,000,000.00 UAE Dirham

ISSUED SHARES

150,000,000.00

PER VALUE SHARE

1.00 UAE Dirham

Contact Details

Head Office

Dubai

Address

Port Saied New Century Tower - Office 701-708, P.O.Box: 64341, Dubai, U.A.E

Phone No.

+9714 230 9300

Fax No.

+9714 230 9333

Email address:

info@takafulemarat.com

Website

http://www.takafulemarat.com/

Showing Last 10 Disclosures - TAKAFUL-EM View all
TAKAFUL-EM 11-12-2017 02:34 AM

Nominees for Board of Directors membership

1 File(s)
TAKAFUL-EM 11-12-2017 02:31 AM

Results of BOD meeting held by circulation

1 File(s)
TAKAFUL-EM 07-12-2017 09:05 AM

BOD meeting to be held by circulation

1 File(s)
TAKAFUL-EM 28-11-2017 02:40 AM

Invitation of General Assembly

1 File(s)
TAKAFUL-EM 22-11-2017 11:17 AM

Press release

1 File(s)
TAKAFUL-EM 08-11-2017 02:06 AM

Press release regarding financial results for the 3rd QTR of 2017

1 File(s)
TAKAFUL-EM 08-11-2017 08:35 AM

Financial statements for the 3rd QTR of 2017

1 File(s)
TAKAFUL-EM 08-11-2017 08:32 AM

Results of BOD meeting including interim condensed consolidated financial statements for the 3rd QTR of 2017

2 File(s)
TAKAFUL-EM 02-11-2017 02:54 AM

BOD meeting

1 File(s)
TAKAFUL-EM 30-10-2017 09:00 AM

Press release

1 File(s)
Showing Last 10 Issuer News - TAKAFUL-EM View all
TAKAFUL-EM 16-01-2017 02:41 AM

Press release

1 File(s)
TAKAFUL-EM 20-12-2016 09:53 AM

Press release

1 File(s)
TAKAFUL-EM 29-05-2016 09:26 AM

Press release

1 File(s)
TAKAFUL-EM 14-04-2016 03:26 AM

Press release

1 File(s)
TAKAFUL-EM 02-02-2016 02:55 AM

Press release

1 File(s)
Showing Last 10 Financial Reports - TAKAFUL-EM View all
TAKAFUL-EM 08-11-2017 08:35 AM

Financial statements for the 3rd QTR of 2017

1 File(s)
TAKAFUL-EM 30-07-2017 05:32 AM

Financial statements for the 2nd QTR of 2017

1 File(s)
TAKAFUL-EM 09-05-2017 11:05 AM

Financial statements for the 1st QTR of 2017

1 File(s)
TAKAFUL-EM 31-12-2016 01:17 AM

Financial statements for the year of 2016

1 File(s)
TAKAFUL-EM 30-09-2016 11:26 AM

Financial statements for the 3rd QTR of 2016

1 File(s)
TAKAFUL-EM 30-06-2016 11:51 AM

Financial statements for the 2nd QTR of 2016

1 File(s)
TAKAFUL-EM 01-05-2016 02:23 AM

Financial statements for the 1st QTR of 2016

1 File(s)
TAKAFUL-EM 10-04-2016 03:30 AM

Financial statements for the year of 2015

1 File(s)
TAKAFUL-EM 09-11-2015 03:55 AM

Financial statements for the 3rd QTR of 2015

1 File(s)
TAKAFUL-EM 12-08-2015 03:40 AM

Financial statements for the 2nd QTR of 2015

1 File(s)
Showing Last 10 General Meetings - TAKAFUL-EM View all
Meeting Date/TimeMar 07, 2017 03:00:00 PMType of MeetingGeneral Assembly
Net Profit/Loss15009815Cash Dividend7
Bonus Share
Announcements/Resolutions

       

                   The report of the Company’s Board of Directors on the Company’s activities and financial position for the fiscal year ended on 31st of December2016 was discussed and approved.

 

                 The External Auditor’s report for the Financial Year ended on31/12/2016 was discussed and approved.

 

                The Shariah Committee Report for the year ended 31 December 2016 was discussed and approved.

 

                 The Company’s Balance Sheet and its Profit and Loss Statement for the Year ended on 31/12/2016 was discussed and approved.

 

                The Shariah Committee Members were re-appointed.

 

                The Board of Directors’ recommendation in relation to cash dividend distribution to shareholders of 7% representing an amount of AED 10,500,000 was approved.

 

                The shareholders approved the remuneration for the board of directors for the year 2016.

 

                  The Company’s Board Members were discharged of the liability for the Financial Year ended on 31/12/2016.

 

                  The Company’s Auditors discharged of the liability for the Financial Year ended on 31/12/2016.

 

                The External Auditors of the Company, Earnest and Young were appointed for the fiscal year 2017 for a fee of AED 270,000.

 

 

                    A special resolution passed by the shareholders to change the Logo of Takaful Emarat Insurance subject to authorities’ approval.

Last Date For Dividend EntitlementWednesday, March 15, 2017Ex-Dividend DateThursday, March 16, 2017
Register Closing (Settlement) DateSunday, March 19, 2017Trading Suspension Date
Trading Resuming DateDividends Payment DateWednesday, April 05, 2017
Payment EntityDFMMeeting VenueTHE WESTIN DUBAI MINA SEYAHI BEACH RESORT & MARINA, Al Sufouh Road- Dubai Marina- Dubai UAE
1 File(s)
Meeting Date/TimeApr 21, 2016 03:00:00 PMType of MeetingAnnual General Meeting
Net Profit/Loss10,214,857Cash Dividend5.33%
Bonus Share
Announcements/Resolutions

1.      The report of the Company’s Board of Directors on the Company’s activities and financial position for the fiscal year ended on 31st of December 2015 was discussed and approved.

2.      The External Auditor’s report for the Financial Year ended on 31/12/2015 was discussed and approved

3.      The Shariah Committee Report for the year ended 31 December 2015 was discussed and approved

4.      The Company’s Balance Sheet and its Profit and Loss Statement for the Year ended on 31/12/2015 was discussed and approved.

5.      The Shariah Committee Members were re-appointed.

6.      The Board of Directors’ recommendation in relation to cash dividend distribution to shareholders of 5.33% representing an amount of AED 8,000,000 was approved.

7.      The Company’s Board Members were discharged of the liability for the Financial Year ended on 31/12/2015

8.      The Company’s Auditors discharged of the liability for the Financial Year ended on 31/12/2015

9.      The External Auditors of the Company, Price Waterhouse Coopers were reappointed for the fiscal year 2016 for a fee of AED 255,000.

10.  A special resolution passed by the shareholders to amend the memorandum of association of the Company in accordance with the Federal Law number 2 for the year 2015 on Commercial companies’ subject to authorities ‘approval.

11.  A special resolution passed by the shareholders to approve the Board of Directors’ recommendation on Company buying its own shares. The shareholders approved the Company buying 10% of its own shares and authorized the Board of Directors to execute the resolution as required by law and after obtaining all necessary approvals from the authorities.

12.  A special resolution passed by the shareholders to authorize the Board of Directors to pay Zakat based on the recommendations of the Shariah Committee.  

13.  A special resolution passed by the shareholders to allocate an amount towards Corporate Social Responsibility and to authorize the Board of Directors to determine the beneficiary of the contributions, provided that the contributions shall not exceed 2% of the average net profit. The shareholders approved the Board Remuneration for the year 2015.

14.  The shareholders approved the remuneration for the board of directors for the year 2015

Last Date For Dividend EntitlementWednesday, April 27, 2016Ex-Dividend DateThursday, April 28, 2016
Register Closing (Settlement) DateSunday, May 01, 2016Trading Suspension Date
Trading Resuming DateDividends Payment DateThursday, May 19, 2016
Payment EntityMeeting VenueThe Westin Dubai Mina Seyahi Beach Resort & Marina
2 File(s)
Meeting Date/TimeApr 15, 2015 11:00:00 AMType of MeetingAnnual General Meeting
Net Profit/Loss7,181,112Cash Dividend
Bonus Share
Announcements/Resolutions

Following decisions were adopted in the Meeting:

1.      Reviewed and approved the report of the Company’s board of directors on the Company’s activities and financial position for the fiscal year ended on 31st of December 2014.

2.      Reviewed and approved the report of Company’s Sharia Supervisory Board for the year ended 31 December 2014.

3.   Reviewed and approved the report of the Company’s auditor on the financial statements for the year ended 31 December 2014.

4. Reviewed and approved the Company’s budget and its profit and loss statement for the year ended on 31st of December 2014.

5.  Discharge the Company’s board members, Shariah Committee Members and its auditors from liability with respect to the financial year ended on 31st of December 2014. 

6. Price Waterhouse Coopers were selected as the company's auditors for the fiscal year 2015; and their fees in the amount of AED 127,000 were approved.

7. The following Shariah Committee Members were reappointed:

1. Dr. AbdulNaser Abu Al Basal

2. Dr. Abdul Sattar Abu Ghuddah

3. Mufti M. Hassan Kaleem

8. The following Board of Directors were elected for three years:

  1. HE Mr. Abdulla Bakheet AlMarar:     15.21%
  2. Mr. Khalifa AlKhoori:                          14.05%
  3. Mr. Abdulla Subhi Atatreh                  14.05%
  4. Mr. Ahmad Kilani                                14.05%
  5. Mr. Ahmed Brouk Al Hamiri               14.05%
  6. Mr. Mohammad AlHawari                 14.05%
  7. Mr. Zafar Habib Khan                                     14.05%

 

Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date
Trading Resuming DateDividends Payment Date
Payment EntityMeeting VenueTIME Grand Plaza Hotel – Damascus Street Al Qusais – Dubai
1 File(s)
Meeting Date/TimeApr 28, 2013 11:00:00 AMType of MeetingAnnual General Meeting
Net Profit/Loss(15,858,368.00)Cash Dividend0%
Bonus Share0%
Announcements/ResolutionsThe ratification of the Board of Directors on the Company's activities and its financial statements for the fiscal year ended 31/12/2012
The ratification of the auditors' report for the financial year ended 31/12/2012
The ratification of the company's balance sheet and profit and loss account for the financial year ended 31/12/2012
Discharge of the members of the Board of Directors and auditors for the financial year ended 31/12/2012
Assigned to the company's auditors for the financial year 2013 and determine their remuneration
Election of the Board of Directors of the organic two Alkhaliyn centers
Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension DateSunday, April 28, 2013
Trading Resuming DateMonday, April 29, 2013Dividends Payment Date
Payment EntityMeeting VenueAl Bustan Rotana - Dubai
1 File(s)
Meeting Date/TimeApr 22, 2012 11:00:00 AMType of MeetingAnnual General Meeting
Net Profit/Loss(19,979,316) AEDCash DividendN/A
Bonus ShareN/A
Announcements/ResolutionsApproved the Board of Directors report on the activity of the company and its financial position for the financial year ended 31/12/2011- Approved the audit report for the financial year ended 31/12/2011- Approved Company's balance sheet and profit and loss account for the financial year ended 31/12/2011- Election of Board of Directors - Appointed auditors for the year 2011 and determine their fees - Was discharged the members of the Board of Directors and Auditors and the law for the financial year ended 31/12/2011.
Last Date For Dividend EntitlementN/AEx-Dividend DateN/A
Register Closing (Settlement) DateN/ATrading Suspension Date22/04/2012
Trading Resuming Date23/04/2012Dividends Payment Date
Payment EntityMeeting VenueAl Bustan Rotana Hotel - Dubai
1 File(s)
Meeting Date/TimeApr 19, 2011 11:00:00 AMType of MeetingAnnual General Meeting
Net Profit/LossAED (22,102,991)Cash Dividend
Bonus Share
Announcements/Resolutions- Approved the report of the BOD , Fatwa and Sharia Supervisory & the auditor’s report for the year ended 31/12/2010 - Approved balance sheet and the Income Statement of the company for the year ended 31/12/2010- Absolved the members of the Board of Directors from responsibilities for the year ended 31/12/2010 – Approved to appoint auditors for the Financial Year 2011 and approved their fees
Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date19/04/2011
Trading Resuming Date20/04/2011Dividends Payment Date
Payment EntityMeeting VenueAl Murooj Rotana Hotel
Meeting Date/TimeApr 20, 2010 11:00:00 AMType of MeetingAnnual General Meeting
Net Profit/LossAED – 7,244,334Cash Dividend
Bonus Share
Announcements/Resolutions- Approved the report of the BOD & the auditor’s for the year ended 31/12/2009 - Approved balance sheet and the Income Statement of the company for the year ended 31/12/2009- Absolved the members of the Board of Directors & Shareaa board from responsibilities for the year ended 31/12/2009 – Approved to appoint auditors for the Financial Year 2010 and approved their fees – Approved to appoint new BOD member – Approved Shariaa Board report
Last Date For Dividend EntitlementEx-Dividend Date
Register Closing (Settlement) DateTrading Suspension Date20/04/2010
Trading Resuming Date21/04/2010Dividends Payment Date
Payment EntityMeeting VenueMoroj Rotana Hotel – Dubai
Meeting Date/TimeMar 15, 2009 11:00:00 AMType of MeetingAnnual General Meeting
Net Profit/LossAED 1,841,364Cash Dividend
Bonus Share
Announcements/Resolutions- Approved Directors and Auditors report for the year ended 31/12/2008 - Approved on the consolidated financial statements for the year ended 31/12/2008 - Approved Sharia’ Board report - Absolved the members of the Board of Directors and the auditors from responsibilities for the year ended 31/12/2008 - Appointed new BOD members for the next three years
Last Date For Dividend EntitlementN/AEx-Dividend DateN/A
Register Closing (Settlement) DateN/ATrading Suspension Date15/ March /2009
Trading Resuming Date16/ March /2009 Dividends Payment DateN/A
Payment EntityN/AMeeting VenueAl-Morouj Rotana Hotel
Top ShareholdersLast Refreshed at: 11 December 2017

Individual Investors

ShareholdersPercentage
INVEST AD UAE FOCUS FUND 17.77%
انترناشيونال افنيو انفستمنت ش ذ م م 8.60%
OMAR SAEED ABDULLA BROUK ALHEMEIRI 7.76%

Associated Groups

Group NameShareholdersGroup Percentage
TABARAK INVESTMENT L L C
ROCK ALOWLA GENERAL TRADING 29.71%
TABARAK INVESTMENT L L C 13.29%
DIAMOND LINE GENERAL TRADING LLC 6.97%
49.97%
No data could be found.
Foreign Investments View all
National GCC Arab Other Nationalities
Country of Origin Actual Permitted Actual Permitted Actual Permitted Actual Permitted As of Date:
United Arab Emirates 95.92% 100% 2.12% 100% 1.35% 25% 0.61% 25% 11-12-2017
Showing Last 10 Corporate Governance Reports - TAKAFUL-EM View all
  • 23-02-2017

    TAKAFUL-EM_CGR 2016

  • 31-12-2015

    Corporate Governance Report - TAKAFUL-EM 2015

  • 01-01-2011

    Corporate Governance Report TAKAFUL 2011

Showing Corporate Actions - TAKAFUL-EM View all
Year2017Corporate Action TypeCash Dividend
Last Date For Action Entitlement3/15/2017Ex-Dividend Date3/16/2017
Register Closing (Settlement) Date3/19/2017Trading Suspension Date1/1/2017
Trading Resuming Date1/1/2017Run (Effective) Date1/1/2017
Corporate Action DetailsDistribute 7% cash dividends as agreed at the GA held on 07/03/2017
Year2016Corporate Action TypeCash dividends
Last Date For Action Entitlement4/27/2016Ex-Dividend Date4/28/2016
Register Closing (Settlement) Date5/1/2016Trading Suspension Date8/9/1900
Trading Resuming Date8/9/1900Run (Effective) Date8/9/1900
Corporate Action DetailsDistribute 5.33% cash dividends as agreed at the GA held on 21/04/2016
Disclaimer
  • Ownership percentage is subject to change based on several reasons including the following:
    1. Trading activity.
    2. Off-Market Transactions such as family and inheritance transfers.
    3. Changes in the nationality status of investors.
    4. Securities deposits and withdrawals to and from DFM for Dual listed companies.
    5. Capital increase by issuing new shares to a strategic investor.
    6. Converting Bonds into shares.
    7. Equity added to the equity of the associated group.
    8. Direct Deals.

 

Percentages are updated daily after 4 pm
Disclaimer
The above published Ownership Percentages:
  • Are updated daily at the end of every trading day based on date of trade and not settlement date.

  • The ownership percentages are rounded off to 2 decimal places

  • Ownership percentages are subject to change due to the following:

    1. Trading activities.

    2. Off-Market Transactions such as family and inheritance transfers.

    3. Changes in the nationality status of investors.

    4. Securities deposits and withdrawals to and from DFM for Dual listed companies.

    5. Capital increases, by issuing new shares to Strategic investor

    6. Converting bonds or Sukuk into shares.

    7. Changes of associated group’s ownership.

    8. Direct Deals. (The ownership percentage is changed immediately after the execution of the deal).

    9. Failed trade settlement.


DISCLAIMER

The information provided in this document is only available in Arabic due to the (Dubai court attestations only being in Arabic herein after referred thereto as (“Information”) is provided by way of general information and comment only. While reasonable care has been taken in producing this Information, changes in circumstances may occur at any time and may impact on the accuracy of the Information. The Information does not constitute professional advice or provision of any kind of services and should not be relied upon as such.  Dubai Financial Market (“DFM”) and/or its affiliates, officers or employees,  does not give any warranty or representation as to the accuracy, reliability, timeliness or completeness of the Information now or in the future. DFM shall not be liable for any loss suffered, directly or indirectly by any person acting in reliance upon the Information contained herein. 


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