Dar Al Takaful PJSC (‘DAT’, the ‘Company’ or the ‘Group’), announced today that the name of its listed company has changed to Watania International Holding PJSC and its trading symbol on the Dubai Financial Market has changed to [WATANIA].
The last trading date for the current name of the Company ‘Dar Al Takaful PJSC’ and its DFM trading symbol [ DARTAKAFUL ] was on the 26th of July 2023.
These changes took effect when the Dubai stock market opened today on 27 July 2023:
No action is required by the Company’s current shareholders as a result of this change.
Additionally, the Company name and trading symbol changes will have no impact on its business strategy and objectives.
The change of the Company name and its trading symbol on the DFM follows the shareholders’ approval of the Company’s name change in March 2023 and subsequent completion of all regulatory requirements. It reflects the new corporate identity launched earlier this year following a strategic brand architecture review undertaken post the merger between Dar Al Takaful and the National Takaful Company in July 2022, which aimed to bring all business lines under the Watania moniker.
Dr. Ali Saeed Bin Harmal Aldhaheri, Chairman, Watania International Holding (WIH) said:
“The change comes one year after our strategic merger and promotes name and brand recognition by the investor community as well as overall market participants. The listed entity, WIH, is an investment holding company focused on strengthening the Takaful industry by establishing a sustainable Takaful ecosystem comprising of an interrelated growth-oriented portfolio of businesses that create value for our shareholders and all our stakeholders.”