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Watania International Holding PJSC (WATANIA)

Country of Origin: United Arab Emirates (U.A.E) Watania International Holding PJSC (‘WIH’ or the ‘Company’, formerly known as Dar Al Takaful PJSC) is a listed entity trading on Dubai Financial Market under the ticker WATANIA (previously DARTAKAFUL).The Company is incorporated as a public joint stock company in accordance with the Federal Law No. 8 of 1984 (as amended) relating to commercial companies in the UAE. It obtained its commercial license on 23 July 2008 and commenced operations on 1 September 2008. The Company was formed following the consolidation of key operators including the acquisition in 2020 of Noor Takaful by Dar Al Takaful PJSC and the merger in July 2022 of Dar Al Takaful PJSC with National Takaful Company PJSC (Watania). In March 2023, the public joint stock company changed its name from Dar Al Takaful PJSC to Watania International Holding PJSC and its insurance license was cancelled as it became an investment holding company aiming to expand its footprint through shariah compliant investments consisting of a portfolio of Takaful companies and supporting businesses to help develop and grow the Takaful sector. Watania International Holding PJSC is the sole shareholder of two operating companies: Watania Takaful General PJSC (previously Noor Takaful General PJSC) and Watania Takaful Family PJSC (previously Noor Takaful Family PJSC). Together, they create one of the leading Takaful providers in the UAE.The two operating companies offer a range of Takaful products including motor, general, technical, medical, and family to both individuals and companies in the UAE. They operate in accordance with the teachings of Islamic Sharia and within the provisions of UAE Federal Law No. 6 of 2007 relating to Takaful companies and Takaful agents and the Memorandum and Articles of Association of the companies. The two companies operate full-services offices located in Abu Dhabi, Sharjah, and Deira and Jebel Ali in Dubai.  

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Emirates Reem Investments Company PJSC (ERC)

Country of Origin: United Arab Emirates (U.A.E) Emirates Refreshments (P.S.C.) (formerly Jeema Mineral Water (P.S.C.)) (“the Company”) is a Public Shareholding Company, incorporated in Dubai, United Arab Emirates under a decree issued by His Highness The Ruler of Dubai. The Company is listed on the Dubai Financial Market. The principal activity of the Company is bottling and selling mineral water as well as manufacturing plastic bottles and containers. The Company has two plants, each located in Dibba and Hatta, UAE. The Company mainly markets, distributes and sells its products across the UAE.

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National General Insurance Company P.J.S.C (NGI)

Country of Origin: United Arab Emirates (U.A.E) National General Insurance Co. (P.S.C) (“the Company”) is a Public Shareholding Company registered under UAE Federal Law No. (8) of 1984 as amended, in the Emirate of Dubai with effect from 12 September 2001. The company was originally incorporated as a Private Limited Liability Company, registered under UAE Federal Law No. (8) of 1984, as amended, in the Emirate of Dubai. The Company underwrites all classes of life and general insurance business as well as certain reinsurance business in accordance with the provisions of the UAE Federal Law No. 6 of 2007 relating to establishment of insurance authority and UAE Federal Law No. 9 of 1984 relating to insurance companies and brokers. 

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Amlak Finance P.J.S.C (AMLAK)

Country of Origin: United Arab Emirates (U.A.E) Amlak Finance P.J.S.C (the “Company”) was incorporated in Dubai, United Arab Emirates, on 11 November 2000 as a private shareholding company in accordance with UAE Federal Law No (8) of 1984, as amended, at the constituent shareholders meeting held on 9 March 2004, a resolution was passed to convert the Company to a public joint stock Company. The Company is licensed by the UAE Central Bank as a finance company as is primarily engaged in financing and investing activities such as Ijara, Murabaha, Mudaraba and Musharaka. The activities of the Company are conducted in accordance with Islamic Sharia’a, which prohibits usury, and within the provisions of its Articles and Memorandum of Association. In 2007, the Company obtained a license from the Real Estate Regulatory Authority, Dubai, United Arab Emirates to start Escrow Management service operations

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Union Properties PJSC (UPP)

Country of Origin: United Arab Emirates (U.A.E) Union Properties Public Joint Stock Company (“the Company”) was incorporated on 28 October 1993 as a public joint stock company by a United Arab Emirates Ministerial decree. The principal activities of the Company are investment in and development of properties, the management and maintenance of its own properties including the operation of cold stores, the undertaking of property related services on behalf of other parties (including related parties) and acting as the holding company of its subsidiaries and investing in joint ventures. The Company and its subsidiaries are collectively referred to as “the Group”. All of the Group’s significant business and investment activities in land, properties, securities and financial derivatives are carried out within the UAE. The Group does not have significant foreign currency exposure towards land, properties, securities and financial derivatives.

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