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Orient Takaful Pjsc (United Arab Emirates)

Main Activities: Direct Health and Medical Insurance Carriers | Direct Insurance (except Life, Health, and Medical) Carriers
Full name: Orient Takaful Pjsc Profile Updated: June 20, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Orient Takaful PJSC is a leading Takaful company in the U.A.E. It was incorporated in 2017 with a paid-up capital of AED 200,000,000. The company is a subsidiary of Orient Insurance P.J.S.C, which is part of the Al-Futtaim Group. Orient Takaful PJSC offers a comprehensive range of core Takaful products. They have been accredited with a Financial Strength Rating of "A (Excellent)" and a Long-Term Issuer Credit Rating of "a+ (Excellent)" by A.M. Best. S&P Global Ratings has also given them a long-term issuer credit and insurer financial strength rating of 'A' with a positive outlook. The company's clientele includes various governing authorities in the UAE and renowned companies from major industries such as logistics, manufacturing, banking, and retail.

Legal Address
Al Futtaim Building, Deira, P O Box 183368
Dubai; Northern Emirates;

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Website: http://www.orienttakaful.ae

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
2016
Key Executives
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Chairperson
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Vice Chairperson
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
Ownership Details
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95.776%
Company Performance
Financial values in the chart are available after Orient Takaful Pjsc report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency AED. Absolute financial data is included in the purchased report.
Net insurance premium revenue
146.71%
Operating profit (EBIT)
29.94%
Net Profit (Loss) for the Period
17.84%
Total assets
67.57%
Investments
29.66%
Receivables
-87.9%
Total equity
21.14%
Net Premiums Earned Trend
-370.71%
Net Profit Trend
-66.07%
Return on Equity (ROE)
-0.22%
Loss Ratio
-2.27%
Underwriting Expenses Ratio
-39.84%

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