PHOTO
An Emirati man follows the stock market activity at the Dubai Financial Market in the Gulf emirate on December 14, 2009. Dubai's stock market rose 10.13 percent in early trade after the government said it will pay 4.1 billion dollars to cover maturing Islamic bonds issued by its Nakheel property developer. AFP PHOTO/STR (Photo by AFP) Image used for illustrative purpose.
Dar Al Takaful has obtained the regulatory approvals to change its name to Watania International Holding, according to a press release.
The trading symbol on the Dubai stock exchange will be WATANIA, instead of DARALTAKAFUL, starting from 26 July 2023.
Meanwhile, the first trading day for the new company name and trading symbol will effectively be on 27 July.
The shareholders of Dar Al Takaful passed the rebranding last March after the firm’s merger with National Takaful Company (Watania).
During the first quarter (Q1) of 2023, Dar Al Takaful incurred accumulated losses valued at AED 53.70 million, which represented 20.60% of the paid-up capital.
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