Takaful International Company announces 7.5% cash dividends | THE DAILY TRIBUNE | KINGDOM OF BAHRAIN

  • Date: 01-Apr-2024
  • Source: The Daily Tribune - Bahrain
  • Sector:Financial Markets
  • Country:Bahrain
  • Who else needs to know?

Takaful International Company announces 7.5% cash dividends | THE DAILY TRIBUNE | KINGDOM OF BAHRAIN




TDT | Manama                                                      
The Daily Tribune – www.newsofbahrain.com
Takaful International Company held its Annual General Meeting (AGM) yesterday, at 10:30 am at the company's headquarters in Seef Area with a quorum of 91.55%, and in the presence of representatives of the relevant regulatory authorities.
The General Assembly approved the company's financial results and approved the distribution of cash dividends of 7.5% an equivalent of BD 673.5K (7.5 fils per share), to the shareholders.
The shareholders alspo elected ten members for Board Directorship for the upcoming term (2024 – 2027): Ebrahim Mohamed Al Rayes, Abdulrahman Abdulla Mohamed, Khaled Saoud Al Hasan, Dr. Abdulla Saleh Sultan, Ahmed Abdulrahman Bucheeri, Osama Kamel Kishk, Mr. Rashed Ali Abulrahim, Dr. Osama Taqi Al Baharna, Yahya Ebrahim Nooruddin and Ms. Fatima Taqi Al Saffar.






Ebrahim Al Rayes, Chairman of the Board of Directors, explained that the company proactively adopted the newly introduced Islamic accounting standards issued by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) for Islamic insurance companies.
though these standards will come into effect from 1st January 2025. For his part, Essam Al-Ansari, Chief Executive Officer, stated that the company made significant progress last year.
The company prioritized enhancing customer service through the implementation of new information technology systems, embracing digitalization