Methaq donates AED 3 million ($817,000) to UAE Red Crescent Authority


25/01/2011 00:00 AST

Abdullah Al-Maamari, Managing Director, Methaq Takaful, presented the cheque to HE Ahmed Humaid Al Mazrouie, , Chairman of the RCA's Board of Directors, at the RCAs' headquarters in Abu Dhabi, in presence of HE Mohammed Khalifa Al Qemzi, RCA Secretary General, and Khalil Ghneim, Methaq's General Manager.

Al-Maamari said, "We are keen to give the Zakat money to the concerned official bodies in the UAE to take the responsibility of distributing it to the needy and beneficiaries through their Islamic banks.

"The RCA plays a significant role in helping needy families and the poor in the country. Its activity expands all over the world in an effort to reach out to the poor and the needy wherever they are. This is why Methaq decided to give AED 3 million Zakat amount to the RCA in support of its efforts and initiatives."

He pointed out that Methaq Takaful is fully aware of its social responsibility obligations, and it is always keen to pay Zakat on time, in addition to offering donations and aid as a part of the social responsibility it shoulders towards local and global humanitarian issues and social solidarity and its commitment to support community development endeavours.

CPI Financial
Methaq Takaful Insurance Co. - METHAQ
2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | News Archive
Most Viewed Companies
Ticker Price Volume
SAGRINSURANCE 29.91 104,296
SABIC 93.8 3,597,712
EEC 31.18 15,012,922
STC 67.77 570,542
CHEMANOL 11.21 1,391,250
TAWUNIYA 102.9 363,266
JULPHAR 2.6
Recent News

Saudis to raise September oil price, but wary of losing market share
Saudi Arabia is expected to raise prices for crude it sells to Asia in September due to a stronger Dubai benchmark, traders and analysts said on Monday, adding that the top oil exporter will be wary

Aramex to implement crowdsourced courier model
Shipping giant Aramex is preparing to roll out a pair of mobile phone apps that promise to bring clients and couriers closer together, as the company tests a crowdsourced package delivery service in

SFC Announce the appointment of Waleed Fatani as CEO
Saudi Fransi Capital has appointed Mr. Waleed Fatani as a Chief Executive Officer. In this regard, Chairman of the board Mr. AbdulAziz Al-Rashid commented "The appointment of Mr. Fatani is a distinct

Saudi Arabia’s Mobily Slumps to 6-Year Low After Trading Resumes
Etihad Etisalat Co. shares fell to the lowest level in more than six years as the Saudi Arabian phone operator resumed trading following a two-month suspension.

The stock retreated 7.8 perce

Euro hits session lows as Athens stock market slumps
The euro turned lower against the dollar on Monday as the Greek stock market posted steep losses in the first day of trade following a five-week shutdown after capital controls were imposed to preven

GulfBase GCC Index
Search By
  • Company Symbol
  • Company Name
  • Mutual Fund Name
  • News Content
Send this page to a friend

Poll

Which of the following do you think is the best long-term investment?