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


25/01/2011 00:00 AST  CPI Financial

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.

Methaq Takaful Insurance Co. - METHAQ
2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | News Archive

JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV
Most Viewed Companies
Ticker Price Volume
EMAAR 10.9 15,645,811
RIBL 18.72 284,383
SABIC 101.31 4,012,254
TAWUNIYA 65.41 1,431,714
EEC 56.2 4,606,133
NCB 61.23 9,202,789
SAGRINSURANCE 41.28 399,637
Recent News

Saudi Kayan signs two Islamic financing deals
Saudi Kayan Petrochemical Company, an affiliate of Saudi Basic Industries Corp. (SABIC), has signed two Islamic financing deals totaling SR2.63 billion, it said in a statement.

It signed an

DUR Hospitality Company to invest SR1.5bn in expansion
Saudi Hotels and Resorts Company, a public company listed in the Saudi stock market since 1976, has announced the launch of its new identity.

It is also changing its trading name to “DUR Ho

SR7.8b transport contract awarded
A contract worth SR7.8 billion was signed on Thursday for the supply, operation and maintenance of the bus transport network in Riyadh for a period of 10 years, the Saudi Press Agency reported. The c

Tourism island among new projects unveiled in Yanbu
Twenty-seven major investment projects in the industrial city of Yanbu were unveiled during an investment forum opened by Municipal and Rural Affairs Minister Prince Mansour bin Miteb on Wednesday.

Senior CIOs from Saudi firms join Mobily summit
The ‘Mobily CIO Summit’ was launched in Istanbul, Turkey, with the presence of a group of senior CIOs and information technology offices in Saudi Arabia’s public and private sectors.

During

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?