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Threads on regulatory news from companies
Threads on regulatory news from companies
Takaful Emarat Insurance, a Shariah-compliant life and health insurance provider in the UAE, announced its financial results for the first nine months of 2025, highlighting a significant business turnaround. The company achieved a 51% increase in insurance revenue, reaching AED 444.4 million, compared to AED 293.6 million in the same period in 2024. Net Takaful income rose by 37% to AED 106.2 million, and the company reported a profit of AED 22.8 million, compared to a loss of AED 4.4 million in the previous year. Earnings per share improved to AED 0.11 from a negative AED 0.02. These results reflect successful transformation and operational efficiency initiatives, robust underwriting, and effective customer acquisition strategies.
GFH Financial Group announced that it has purchased 5,150,000 treasury shares, increasing its total treasury shares from 211,954,515 (5.530% of total issued shares) to 217,104,515 (5.665% of total issued shares) as of November 16, 2025. The decision to purchase was made on March 2, 2025, and approved by authorities on October 20, 2025. The average purchase price was USD 0.589 per share, representing 0.134% of the issued capital. There are 166,154,868 shares remaining for purchase. The announcement was made by Mariam Jowhary, Head of Compliance & AML.