Watania International Prepares for Board Elections

Watania International Holding PJSC, a prominent player in the UAE's Takaful sector, is gearing up for a significant event in its corporate governance calendar. The company has announced the list of nominees for its Board of Directors, with elections set to take place during the upcoming General Assembly meeting on April 23, 2025.

The nomination period, which concluded on April 11, 2025, saw a rigorous review process conducted by the Nominations and Remuneration Committee. This process was in compliance with the Federal Decree-Law No. (32) of 2021 concerning commercial companies and the Securities and Commodities Authority's governance guidelines.

The two candidates vying for positions on the Board are Dr. Ali Saeed Sultan Bin Harmal Aldhaheri, a non-executive and non-independent member, and Mr. Matar Hamdan Sultan Al Ameri, a non-executive and independent member. Both candidates bring a wealth of experience and strategic vision, essential for steering the company towards its ambitious goals.

Watania International has been on a transformative journey since its rebranding from Dar Al Takaful PJSC. The company has shifted its focus from being an insurance provider to an investment holding entity, aiming to expand through Shariah-compliant investments. This strategic pivot positions Watania International as a key player in the development and growth of the Takaful sector in the UAE.

Given the company's solid foundation and strategic direction, the upcoming Board elections are crucial. The elected members will play a pivotal role in guiding Watania International's future initiatives and ensuring alignment with its long-term objectives.

For investors, the current developments at Watania International present an optimistic outlook. The company is well-positioned to capitalize on the growing demand for Takaful products in the region. With a strong leadership team and a clear strategic vision, Watania International is poised for sustained growth.

In light of these developments, potential investors should consider the company's strategic direction and market position. The upcoming Board elections are a testament to Watania International's commitment to robust governance and strategic growth. Therefore, it would be prudent to hold onto Watania International's shares, as the company is well-positioned for future success.