Watania

National Takaful Company (Watania) PJSC
Company type	Public
Traded as	ADX:WATANIA
Industry	Takaful
Founded	12 July 2011;13 years ago
Headquarters	Al Jazeera Tower; Al Muroor Road,Abu Dhabi, United Arab Emirates
Key people	Ali Saeed Sultan Bin Harmel Al Dhaheri(Chairman); Gautam Datta(CEO);
Products	General takaful; Health takaful;
Revenue	AED272 million (2017)
Net income	AED 8 million (2016)
Total assets	AED 323 million (2016)
Total equity	AED085 million (2016)
Parent	MB UAE Investments LLC (51.00%)(wholly owned byMB Holding); Al Madina Insurance Company SAOG(9.53%)(26% owned by MB Holding);
Website	www.watania.ae

National Takaful Company (Watania) PJSC(Arabic:وطنية للتكافل) is atakafulcompany based inAbu Dhabi,United Arab Emirates.

The company was created in 2011 byAbu Dhabi National Islamic Finance,Abu Dhabi National Insurance Company,TAQAandAldar Properties.^[4]These founding investors floated around 55 percent of the company's shares in aninitial public offeringwhich was seven times oversubscribed.^[4]^[5]The company commenced operations shortly after, with the opening of two branches in Abu Dhabi and Dubai over the following two years.^[6]

In 2014, Oman-based conglomerateMB Holdingacquired a 60.5 percent stake in the company through two subsidiaries, includingAl Madina Takaful.^[7]^[3]

Watania operates using thewakalamodel and offers general and health takaful products.^[8]

References

^^a ^b ^c ^dAnnual Report 2016(PDF),National Takaful Company (Watania) PJSC, 2016-12-31,retrieved2017-07-11^{[dead link]}
^^a ^b"Major shareholders".Abu Dhabi Securities Exchange.Retrieved2015-08-29.
^^a ^bKhan, Gulam Ali (2014-08-26)."Al Madina, MB Holding to buy 60.5% stake in UAE takaful firm".Muscat Daily.Retrieved2015-08-29.
^^a ^bHaider, Haseeb (2011-05-03)."Watania IPO 7 times oversubscribed".Khaleej Times.Retrieved2015-08-29.
^"National Takaful Company" Watania "to launch IPO tomorrow".National Bank of Abu Dhabi.2011-04-18.Retrieved2015-08-29.
^"Watania's constituent general meeting approves the official launch of the company".National Takaful Company (Watania) PJSC. 2011-05-23.Retrieved2015-08-29.
^Al Sayegh, Hadeel (2014-08-26)."Islamic insurer Watania rises close to 10% on takeover interest".The National.Retrieved2015-08-29.
^"Watania takaful model".National Takaful Company (Watania) PJSC.Retrieved2015-08-29.