Watania is a young and dynamic organization that came into being
in 2011. Watania was issued a license by the UAE Insurance
Authority on the 12th of July, 2011 and listed on the ADX on the
14th of November, 2011.
Watania has a paid-up capital of AED150mn and currently operates
out of its head offices in Abu Dhabi, United Arab Emirates.
Watania is an initiative taken by Abu Dhabi National Insurance
Company (ADNIC), Abu Dhabi National Islamic Finance (ADNIF), Abu
Dhabi National Energy Company(TAQA), and ALDAR Properties PJSC,
establishing a leading Takaful operator in the UAE, to meet the
demands of the UAE market for Shariah compliant products.
Watania floated its stocks for an IPO on the 18th of April, 2011
and after the allotment process, Ajman Bank and Qatar First
Development joined the ranks of the Founding Shareholders.
Watania started underwriting risks on the 14th of November,
Watania offer General Takaful Products and Services including
Watania's objective is to produce profitable results to the
shareholders and the policyholders. The Company's mission and
objectives shall be achieved in pursuance and compliance with the
Shariah principles and UAE regulatory requirements.