Watania

National Takaful Company (Watania) PJSC (Arabic: وطنية للتكافل) is a takaful company based in Abu Dhabi, United Arab Emirates.

Company typePublic

Traded as

ADX: WATANIA

IndustryTakaful

Founded12 July 2011; 14 years ago (2011-07-12)

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National Takaful Company (Watania) PJSC

Company type	Public
Traded as	ADX: WATANIA
Industry	Takaful
Founded	12 July 2011; 14 years ago (2011-07-12)
Headquarters	Al Jazeera Tower Al Muroor Road, Abu Dhabi , United Arab Emirates
Key people	Ali Saeed Sultan Bin Harmel Al Dhaheri (Chairman) Gautam Datta (CEO)
Products	General takaful Health takaful
Revenue	AED 272 million (2017)[1]
Net income	AED 8 million (2016)[1]
Total assets	AED 323 million (2016)[1]
Total equity	AED 085 million (2016)[1]
Parent	MB UAE Investments LLC (51.00%)[2] (wholly owned by MB Holding) Al Madina Insurance Company SAOG (9.53%)[2] (26% owned by MB Holding)[3]
Website	www.watania.ae

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The company was created in 2011 by Abu Dhabi National Islamic Finance, Abu Dhabi National Insurance Company, TAQA and Aldar Properties.^[4] These founding investors floated around 55 percent of the company's shares in an initial public offering which was seven times oversubscribed.^[4][5] The company commenced operations shortly after, with the opening of two branches in Abu Dhabi and Dubai over the following two years.^[6]

In 2014, Oman-based conglomerate MB Holding acquired a 60.5 percent stake in the company through two subsidiaries, including Al Madina Takaful.^[7][3]

Watania operates using the wakala model and offers general and health takaful products.^[8]