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
SABIC 77.76 6,151,692
JULPHAR 2.52 10,000
SAGRINSURANCE 19.01 353,868
SPIMACO 34.58 298,609
RIBL 14.43 443,699
TAWUNIYA 79.63 239,699
EMAAR 6.42 10,430,398
Recent News

Abu Dhabi's First Gulf Bank Said Raising $1 Billion Loan
First Gulf Bank PJSC, the United Arab Emirates’ third-biggest bank by assets, is seeking to raise about $1 billion from a syndicated loan to boost lending as liquidity in the economy tightens, two ba

UAE stocks higher at close of trade; DFM General up 1.61%
United Arab Emirates stocks were higher after the close on Thursday, as gains in the Services, Real Estate & Construction and Finance & Investment sectors led shares higher. At the close in Dubai, t

Emaar Pushes On With Creekside Despite Slumping Dubai Property Market
Emaar Properties is offering hundreds of new luxury homes in Dubai that could sell for as much as 3.8 million dirhams ($1 million) each just as the city’s residential real estate market posted the wo

Saudi Arabian Industrial Investments names CEO
The recently formed Saudi Arabian Industrial Investments Company (SAIIC) has appointed Rasheed M Al-Shubaili as its chief executive officer (CEO) with effect from September 1.

Abdullatif A

SABIC cuts steel prices by SR 200 in all the regions of the Kingdom
The Saudi Basic Industries Corporation ( SABIC ) announces the reduction in the retail price of rebar by SR 200 per ton in all regions of the Kingdom, effective Tuesday, September 1, 2015. Abdulaziz

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?