Al Madina Takaful Co SAOG (AMAT)

Mubasher: The ordinary general meeting (OGM) of Al Madina Takaful Company approved distributing cash dividends of 6 baisas per share, or 6% of the company’s capital, according to a company statement. Total dividends amount to OMR 1.05 million, Al …

By: Islam Fadl Mubasher: The insurance companies listed on the Muscat Securities Market (MSM) suffered a net losses of OMR 1.77 million ($4.58 million) in the third quarter of fiscal 2016, compared to a total profit of OMR 628,600 ($1.63 million) …

Mubasher: Al Madina Takaful Company's profits surged 283.7% year-on-year to OMR 173,590 ($449,320) in the third quarter of 2016 from OMR 45,240 ($117,100). The company suffered a 31% decrease in net profits after deducting taxes to reach OMR 1.01 …

Mubasher: Al Madina Takaful Company decided on Sunday to postpone the cash dividends distribution for last fiscal year. The decision was based on instructions by the Capital Market Authority (CMA) after issuing a new takaful insurance law relating …

Mubasher: Al Madina Takaful Company’s board of directors recommended on Monday cash dividends at 5% of the company’s capital, totalling OMR 875,000 for the fiscal year 2015. The company’s board approved the adjusted financial statements of 2015, …

The Management of Al Madina Insurance Company SAOG is pleased to announce the preliminary unaudited financial results of the company for the period ended 31 December 2015.   2015 Following are the highlights of the results (in OMR): Item …

Mubasher: Al Madina Takaful Company’s board announced on Monday that it cancelled a proposal to pay cash dividends to shareholders for the fiscal period ended in 30 June 2015 as the date comes close the end of the same fiscal year.   Earlier on 24 …

The Management of Al Madina Insurance Company SAOG is pleased to announce the preliminary unaudited financial results of the company for the period ended 30th September 2015. Following are the highlights of the results (in OMR): Item Shareholders …

Muscat-Mubasher: Al Madina Takaful Company’s board decided on Monday to distribute cash dividends at 5% of paid up capital for the fiscal period ended 30 June 2015. The Omani insurance company previously reported profits of OMR 976,400 ($2.53 …

The Board of Al Madina Insurance Company SAOG in their meeting held on 24th August 2015 took the following decision:  Recommended cash dividend of 5% on the paid- up capital (5 Baiza per share)  for the financial period ended June 30, 2015 subject …

The Board of Al Madina Insurance Company SAOG took the following decisions:   1) Approved on the 29th of July 2015 the unaudited financial statements for the period ended 30th June 2015. The financial statements have been uploaded on the MSM’s …

Referring to the latest disclosure dated 15/7/2015, we would like to point out that the total investment income is R.O. 809,022 and not R.O. 923,022

The Management of Al Madina Insurance Company SAOG is pleased to announce the preliminary unaudited financial results of the company for the period ended 30th June 2015.   Following are the highlights of the results (in OMR):   Item Shareholders …

The Board of Directors of Al Madina Insurance Company SAOG (Al Madina Takaful) has expressed an interest in acquiring 100%  of Vision Insurance Company SAOC, Oman. The transaction is subject to regulatory approvals and a satisfactory financial, …

The Board of Al Madina Insurance Company SAOG took the following decisions:   1) Approved on the 23rd of April 2015 the unaudited financial statements for the quarter ended 31st March 2015. The financial statements have been uploaded on …

The Management of Al Madina Insurance Company SAOG is pleased to announce the preliminary unaudited financial results of the company for the year ended 31st  March 2015.   Following are the highlights of the results (in OMR): …

  Board of Directors Decisions in their Meeting Held on 24/03/2014 To form a new Board of Directors and its committees with the following members: H.E. Dr. Mohammed Ali Al Barwani Eng. Abdulrahman Awadh Barham H.E. Shaikh Abdulrahman Mohamed …

Annual Ordinary General Assembly Meeting Decisions The board of directors of Al-Madina Insurance Co. (SAOG) held the Annual Ordinary Annual General Meeting of the company on Tuesday 24/03/2015 in Hormuz Grand Hotel at 3:00 P.M, the following are …

Invitation to the Ordinary Annual General Assembly Meeting  The board of directors of Al-Madina Insurance Co. (SAOG) has the pleasure to invite our valued shareholders to attend the ordinary general assembly meeting of the company scheduled …

The Board of Al Madina Insurance Company SAOG in their meeting held on the 23rd of December 2015 took the following decisions:   1) Approved the audited financial statements for the financial year ended 31th December 2014.   …

 Al Madinah Takaful has announced its financials for the fiscal year ended December 31, 2014, in its filing to the Muscat Securities Market (MSM), in which it reported a profit plunge by 54.8% to OMR 1.1 million ($2.8 million) against OMR 2.3 …

The Management of Al Madina Insurance Company SAOG is pleased to announce the preliminary unaudited financial results of the company for the year ended 31st December 2014. Following are the highlights of the results (in …

Al Madina Insurance Company (Al Madina Takaful) has announced the ‘Wakala’ fees and ‘Mudharaba’ percentage for the fiscal year ending on December 31, 2015, according to the company’s statement. The statement noted that the Company operates as the …

AnnouncementAl Madina Insurance Company S.A.O.G (Al Madina Takaful) would like to inform its customers the following:The Wakala fees and Mudharaba percentage for the fiscal year ending 31/12/2015Wakala FeesAL Madina Insurance Company S.A.O.G …

 Oman-Mubasher: Moody's Investors Service (Moody's) has upgraded its rating for the Oman’s Al Madina Insurance Company from Ba2 to Ba1 for the insurance financial strength rating (IFSR), with the outlook ‘positive’The one-notch upgrade to Ba1 of the …