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
2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | News Archive
Most Viewed Companies
Ticker Price Volume
SAGRINSURANCE 33.39 983,520
ALKHODARI 32.08 1,468,085
RIBL 17.99 1,755,130
SABIC 103.04 4,901,753
SPIMACO 47.99 970,703
ACIG 40.81 985,535
ALMARAI 90.54 386,049
Recent News

SAMA net foreign assets drop to SR2.546 trillion in April
Net foreign assets at Saudi Arabian Monetary Agency fell to SR2.546 trillion ($678.8 billion) in April, down by $11.8 billion or 1.7 percent from the previous month as the Kingdom drew on its reserve

Traveling show reflects Jeddah’s march toward smart city
A glimpse of Jeddah’s future status as a smart city can be had at a traveling show of the ongoing and future development projects across the city and the province.

The show — 4th annual trav

Dollar soars to 12-yr high against yen
The dollar soared to its highest level against the yen in more than 12 years on Thursday, powered by expectations for a US interest rate hike and more monetary easing from Japan’s central bank. The g

Kingdom and India hold talks on stronger trade ties
Commerce and Industry Minister Tawfiq Al-Rabiah and India’s Finance Minister Arun Jaitley co-chaired the 11th Saudi-Indian Joint Commission meeting in New Delhi on Thursday, with talks focused on str

Japanese investment in Jubail’s petrochemicals hits SR34 billion
The investment volume in Jubail has reached SR560 billion, including SR501 billion for the private sector, with its petrochemical sector accounting for SR34 billion of Japanese investment, according

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?