Holy Lands Takaful Insurance Holds Its Third Annual General Assembly and Approves a 5% Cash Dividend for the Year 2025

Economy SadaNews - The General Assembly of Holy Lands Takaful Insurance held its third ordinary annual meeting in Ramallah on Wednesday, 13/5/2026. The meeting commenced with the presence of Chairman Abdul Ghani Dhadhaheh/Attari, General Director Dr. Ahmed Mishasha, and Sheikh Khamis Abedah, Head of the Shari'ah Supervisory Board, along with members of the Shari'ah Supervisory Board, board members, executive management, as well as several shareholders of the company.

The meeting also saw the attendance and monitoring of representatives from relevant regulatory and official bodies, who supervised the proceedings of the meeting according to the adopted legal procedures. Representatives from the General Directorate of Insurance, the General Directorate of Securities of the Palestinian Capital Market Authority, a representative from the Palestine Stock Exchange, in addition to a representative from the Companies Controller at the Ministry of National Economy, and external auditors from Talal Abu-Ghazaleh International attended the meeting, alongside the company's legal advisor.

The meeting began with a welcoming speech delivered by the Chairman, who expressed appreciation for the attendees, emphasizing the importance of this meeting in light of the continuous growth achieved by the company in the Palestinian insurance market, and the noticeable development witnessed in the Takaful insurance sector over recent years. After the completion of the legal quorum announced by the Companies Controller representative, discussions opened regarding the items on the agenda, and the administrative and financial reports for the financial year ending 31/12/2025 were reviewed. The company continued to achieve positive financial and administrative results during 2025, with net profits amounting to $1,046,000, while maintaining a stable growth trajectory in a strong competitive environment. He also pointed to the strength of the company's financial position, supported by an investment portfolio valued at $10.2 million, which generated stable returns through a balanced distribution between deposits and investments in stocks, alongside maintaining strong cash deposits totaling $9.5 million, reflecting the robustness of liquidity and the company's ability to face economic changes and enhance the sustainability of its financial performance.

He noted that the company has succeeded, since its establishment, in consolidating its position as one of the leading Takaful insurance companies in Palestine, through adopting an approach based on innovation, planned expansion, and developing insurance services compliant with Islamic law.

Over the past years, it has achieved a series of qualitative accomplishments represented in expanding its subscriber base and enhancing its presence in the Palestinian market, launching specialized services and products, among which were agricultural insurance services, as well as developing its operational and digital infrastructure to keep pace with advancements in the insurance sector and meet the needs of subscribers and shareholders.

At the conclusion of the meeting, the General Assembly approved the administrative and financial reports, agreed to absolve the board members for the financial year 2025, as well as agreed to distribute cash dividends to shareholders amounting to 5% of the nominal value of the subscribed shares, and approved the appointment of Talal Abu Ghazaleh as the company's auditor for the financial year 2026, delegating the board to determine its fees, in a step that reflects the financial performance strength of the company and the growing confidence in its future path, confirming the management's intention to continue working according to developmental and strategic plans aimed at enhancing its position in the Palestinian Takaful insurance sector and expanding its quality services in line with the needs of the local market and the aspirations of shareholders and subscribers in the upcoming phase.