Takaful Emarat clears Dh10.5m for dividend

dubai — Takaful Emarat, the DFM-listed Shariah-compliant life and health insurer, recently held its annual general meeting at which shareholders voted for a proposed cash dividend of Dh10.5 million.

The company’s dividend payout, equating to seven per cent of its paid-up capital, follows a 47 per cent increase in net profits for the financial year ended December 31, 2016.

Takaful Emarat reported strong growth across its core lines of business, resulting in an increase in net profits to Dh15.01 million compared to Dh10.21 million in 2015.

The company’s growth was underpinned by the DHA’s roll out of mandatory health insurance, as well as, ongoing strict control of general and administrative expenses.

— business@khaleejtimes.com