Amana Takaful Maldives has reported a net profit of MVR 47.1 million for the past year and approved a dividend payout of MVR 11.4 million to its shareholders.
During the company’s 15th Annual General Meeting (AGM), the firm highlighted its financial achievements, noting that despite a year marked by economic challenges, it managed to secure a robust financial performance.
Financial reports indicate that Amana Takaful generated a total revenue of MVR 298.6 million last year. Additionally, the company earned MVR 18.9 million in investment income.
The company's CEO and Managing Director Hareez Sulaiman said that the company’s future focus remains on advancing digital resources and enhancing service quality.
He also revealed that preparations are underway to launch "Family Takaful" services as part of efforts to expand Shari’ah-compliant financial offerings.
Financial Highlights of Amana Takaful
- Total Revenue: MVR 298.6 million
- Net Profit (after tax): MVR 47.1 million
- Investment Income: MVR 18.9 million
- Total Assets: MVR 588.9 million
- Total Equity: MVR 315.8 million
The total dividend distribution includes an interim dividend of MVR 3.1 million previously disbursed. Furthermore, for the 13th consecutive year, the company distributed "Surplus Refunds" totaling MVR 2.1 million to policyholders who did not make any claims.
The company’s board has also decided to continue providing free "Personal Accident Takaful" coverage to all individual shareholders this year.
Other key decisions finalized during the AGM include amendments to the company’s Memorandum and Articles of Association, and the reappointment of Aishath Muneeza as an Independent Director for an additional four-year term.
