Tuesday 27, June 2017 by Isla MacFarlane

Orient UNB Takaful lists on DFM


The new listing takes the total number of listed companies on the DFM to 62.

Shares of Orient UNB Takaful (PJSC) have commenced trading on the Dubai Financial Market (DFM), listing under the trading symbol (OUTFL).

Mohammed Ali, Vice Chairman of Orient UNB Takaful rang the DFM market-opening bell in in the presence of Hassan Al Serkal, Chief Operating Officer (COO) and Head of Operations Division of DFM as well as senior representatives from both sides.

Mohammad Nasr Abdeen, CEO of Union National Bank said, “Orient UNB Takaful will offer a range of innovative products and Shari’ah-compliant financial services and insurance products to the customers. With our strong and diverse capital base, we now are focused on continued expansion and delivering superior returns that our shareholders and capital market investors have come to expect of us.”

Omer Hassan Al Elamin board Member of Orient UNB Takaful and CEO of Orient Group added, “The Listing of Orient UNB Takaful in the Dubai Financial Market is a step towards achieving the company's vision and objectives to provide and develop Islamic Takaful products in a way that a way give more choice to the clients and policy holders, and to take advantage of the trend to transform Dubai as a capital of the Islamic economy.”

The listing takes the number of insurance companies listed on DFM to 16 companies, including six Takaful companies. 

Features & Analyses