Al Wathba National Insurance Co. Corporate Governance Report for the year December 31,2025 | premargin
Al Wathba National Insurance Co. Corporate Governance Report for the year December 31,2025
·ADX·Financial Reports | Corporate Governance Report·March 30, 2026·View on exchange
AI Summary
Mr. Shukri Salem Al Mheiri resigned from the Board on September 17, 2025, following his appointment as the Company’s Chief Executive Officer; Mr. Mubarak Khaled Al Kindi was subsequently appointed to fill the Board vacancy in February 2026.
The Board proposed total remuneration of AED 5.65 million for 2025, up from AED 4.1 million paid in 2024, with the proposal set for ratification at the General Assembly meeting on April 20, 2026.
Standard & Poor’s upgraded the company's financial strength and credit rating to "BBB-" with a positive outlook during the year.
Key operational metrics showed an increase in the Emiratization rate to 24% in 2025 (compared to 13% in 2024), while women’s representation on the Board stood at 11% as of year-end.
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