Merger between Dar Al Takaful and Watania

The proposed merger between Dar Al Takaful and National Takaful Company (Watania) has been approved by the shareholders of both companies.

The merger will give rise to the largest provider of Takaful insurance services in the United Arab Emirates. The merger will take place through an exchange of shares between both companies.

The merged entity shall be owned by Dar Al Takaful. The transaction, pending regulatory approval, is expected to be finalized by late June 2022.