Methaq’s network is now composed of 4 fully-operating branches in Abu Dhabi, Dubai, Al Mirfa (in the Western Region), and Al Ain (in the Eastern Region)
Methaq Takaful also plans to open a fifth branch in Jebel Ali, Dubai. The company’s long-term strategy features successive openings of branches throughout the UAE to meet the diverse demands of its customers for insurance products.
Methaq offers car insurance, marine cargo insurance, travel insurance, residence insurance, and a small- and medium-size enterprises (SME) package, along with other products and solutions. The company has also launched, in cooperation with Al Yah Satellite Communications Company (YahSat), an innovative, one-of-a-kind Takaful insurance program for managing satellite risks. This program covers the launch of two satellites into the open space for YahSat, the first of which was successfully launched on 23 April.
Private Placement Transaction with IFC
We refer to our earlier disclosure on the above subject dated February 20, 2013 and would like to inform the market that the private placement of shares with IFC and IFC Capitalization Fund is comple
MOU with Taageer Finance Company SAOG
Ahli Bank S.A.O.G. had signed a Memorandum of Understanding (MOU) with Taageer Finance Company S.A.O.G. on the 17th February 2013 to explore the possibility of acquiring the company subject to satisf
Weekly Market Report
The Qatar Exchange (QE) Index gained 69.02 points, or 0.78%, during the week, to close at 8,916.90 points. Market capitalisation rose by 0.84% to reach QR498.1 billion (bn) as compared to QR493.9bn a