Takaful Emarat has reported a significant 45% growth in total assets, reaching AED 960 million for the fiscal year ending December 31, 2024, highlighting a strengthened financial position for the company.
In addition to asset growth, the company achieved an impressive 84% increase in revenues, totaling AED 420 million in 2024, up from AED 229 million the previous year. This strong revenue growth was reflected in operating profit, which also rose by 84%, showcasing improved operational efficiency and a notable boost in profitability.
Dr. Noor Aldeen Atatreh, Chairman of the Board at Takaful Emarat, commented, “Takaful Emarat is one of the UAE’s leading Takaful insurers, offering Sharia-compliant health and life insurance services.”
He continued, “Our business operates on the principles of mutual cooperation and participant contribution, setting us apart from traditional profit-driven insurance models. We provide comprehensive health and life insurance solutions to both individual and corporate clients, all fully compliant with Islamic Sharia. Every transaction is carefully reviewed and guided by our dedicated Sharia board.”
Earnings per share (EPS) also saw a significant increase in 2024, reaching nearly AED 0.05 per share, a clear sign of the company’s strong financial recovery. Additionally, net investments surged by 106%, climbing to AED 32 million, compared to AED 15.6 million in 2023.
Dr. Atatreh concluded, “We remain dedicated to strengthening our relationships with clients while exploring new avenues for growth and strategic alliances. By fostering a culture of excellence and agility, we aim to create lasting value for our shareholders and partners, positioning Takaful Emarat for sustainable success in an evolving business landscape.
