Methaq Takaful Insurance Company Corporate Governance Report for the year December 31,2025 | premargin
Methaq Takaful Insurance Company Corporate Governance Report for the year December 31,2025
·ADX·Financial Reports | Corporate Governance Report·March 28, 2026·View on exchange
AI Summary
A new Board of Directors was formally appointed at the Annual General Assembly on April 24, 2025, ending a period of oversight by a Central Bank-appointed Supervisory Committee.
Trading of the company's shares on the Abu Dhabi Securities Exchange (ADX) remained suspended throughout 2025 due to ongoing delays in submitting financial statements.
Following the new Board's formation, mandated committees including Audit, Risk, Investment, and Nomination & Remuneration were established to align with CBUAE and SCA requirements.
Mr. Jassim Mohammed Al Baloushi was appointed to the Board on August 21, 2025, replacing Mr. Mohammed Jassim Al Mehairi who failed to meet Central Bank requirements.
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