Takaful International Company AGM announces 15% cash dividends

TDT | Manama

Email: mail@newsofbahrain.com

Takaful International Company held its Annual General Meeting (AGM) yesterday, at 10:30 am at the company’s headquarters in Seef Area with a quorum of 92.46%, and in the presence of representatives of the relevant regulatory authorities.

The General Assembly approved the company’s financial results for the year ended December 31, 2025, which were announced earlier this year: (Net profit (before tax) of BD 1.819 compared to BD 1.650m in the previous year, an increase of 10%, and shareholders’ net profit (before tax) of BD 1.618m compared to BD 1.334m in the previous year, and a corresponding earnings per share of 16.71 Fils compared to 15.70 Fils in the previous year).

BD 1.275m (15 Fils per share)

The shareholders have also approved the distribution of cash dividends of 15% of the paid-up capital, an equivalent of BD 1.275m (15 Fils per share), to the shareholders whose names are on the share register on the record date. As for the elections of the Board of Directors, the shareholders elected (by acclamation) the following ten members for Board Directorship for the upcoming term (2026 – 2029): Mr. Ebrahim Mohamed Al Rayes, Dr. Abdulla Salah Sultan, Mr. Ahmed Abdulrahman Bucheeri, Dr. Osama Taqi Al Baharna, Ms. Fatima Taqi Al Saffar, Mr. Zeyad Abdulmonem Zainal, Mr. Essam Mohamed Al Ansari, Mr. Jehad Yusuf Amin, Mr. Abdulaziz Abdulla Al Ahmed, and Mr. Ahmed Ebrahim Al Saad.

Strategy

On this occasion, Mr. Ebrahim Al Rayes, Chairman of Takaful International, commented, “Despite a complex global environment, Takaful International delivered a strong financial performance in 2025, reflecting the resilience of its business model and the disciplined execution of its strategy. The Company achieved a profit before tax of BD 1.819 million and recorded a 14% growth in recognised takaful contributions, supported by prudent underwriting, effective expense management, and a continued focus on operational efficiency. A landmark achievement during the year was the successful distribution of surplus to policyholders, making the Company the first takaful operator in the Kingdom of Bahrain to do so—an important validation of the strength, transparency, and sustainability of our takaful model.”

Mr. AlRayes, added, “The Board remains focused on strengthening long-term competitiveness by advancing key strategic priorities, including accelerating digital transformation, expanding bancatakaful partnerships, enhancing underwriting through advanced analytics, and further embedding ESG principles into our operations and investment strategy. These initiatives, supported by robust governance, strong capital management, and a continued commitment to Sharia-compliant practices, position the Company to deliver sustainable growth while reinforcing stakeholder trust.”

Medical and SME portfolios

For his part, Mr. Essam Al-Ansari, Chief Executive Officer, stated that the company delivered disciplined growth and maintained strong financial resilience, supported by healthy expansion in Gross Written Contributions and continued strength across key segments, particularly medical and SME portfolios.

Despite ongoing medical inflation and rising provider costs across the industry, the Company’s proactive pricing strategies, enhanced claims management, and network optimization initiatives enabled effective control of loss ratios, while stable investment performance contributed positively to overall profitability and reinforced Takaful International’s strong capital position. Mr. Al-Ansari further commented that the company continued to strengthen its operational foundations through advancing digital capabilities, enhancing customer experience, expanding its multi-distribution network, and embedding ESG principles more deeply across its strategy and operations.

The CEO concluded, “Looking ahead, we remain focused on sustaining profitable growth while enhancing operational agility and customer-centric innovation. Our strategic priorities include advancing digital transformation, expanding distribution partnerships, optimizing cost efficiency, and deepening ESG integration across the business. With a strong balance sheet, disciplined underwriting approach, and a clear strategic roadmap, we are well positioned to navigate evolving market dynamics and continue delivering sustainable value to our shareholders, policyholders, and the wider community.”