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.
Samba proposes $2.13bn bonus share issue
Saudi Arabia's Samba Financial Group said on Tuesday its board had proposed increasing the bank's capital by SR8 billion ($2.13 billion) through issuing bonus shares to help support future growth.
Dubai house prices may plunge 10pc in 2015
Dubai house prices is likely to fall by up to 10 per cent in 2015 after rising almost 60 per cent during the last two years, according to property consultants Jones Lang Lasalle (JLL).