METHAQ - Methaq Islamic Takaful Insurance

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Share price 15 Apr 2009 2.86 dhs
Price/earnings (annualised)
Latest report METHAQ 2008 FY report
Stock market Abu Dhabi Securities Exchange
Founding date 11 Mar 2008 Listing date 11 May 2008
Auditor Talal Abu-Ghazaleh & Co International
Chairman of METHAQ Ali Zaal Al Mansouri
CEO of METHAQ Luc-Edmond Metivier
Foreign ownership limit Maximum 25%
Total shares outstanding 150,000,000
Market capitalisation (AED) 429,000,000
Par value 1 Dh per share
Dividends for 2008 FY (2009 n/a)
Cash dividend yield
Fair Value estimate
Share price rating  
Difference from fair value
Consider buying below
Consider selling above
Latest share data for METHAQ orders | trades | chart
Ratings, estimates, comments are opinions only, and are not to be taken as advice to buy, sell or hold shares. E&OE.
METHAQ reports
* annualised
Date Profit
AED
EPS
AED
EPS*
AED
Price
AED
PE* PBV ROE* ROS
METHAQ 2008 FY 15 Jan 2009 11.1m 0.07 0.07 4.22 57.2 3.9 6.9% 44.8%
METHAQ 2008 Q4 15 Jan 2009 199k 0.00 0.01 4.22 796.6 3.9 0.5%  
METHAQ 2008 Q3 15 Oct 2008 9.4m 0.06 0.25 8.15 32.6 7.6 23.3%  
METHAQ 2008 Q2 07 Jul 2008 1.5m 0.01 0.04 7.61 190.7 7.5 4.0%  
Share price 15 Apr 2009 2.86 dhs
Price/earnings (annualised)
Latest report METHAQ 2008 FY report
Stock market Abu Dhabi Securities Exchange
Founding date 11 Mar 2008 Listing date 11 May 2008
Auditor Talal Abu-Ghazaleh & Co International
Chairman of METHAQ Ali Zaal Al Mansouri
CEO of METHAQ Luc-Edmond Metivier
Foreign ownership limit Maximum 25%
Total shares outstanding 150,000,000
Market capitalisation (AED) 429,000,000
Par value 1 Dh per share
Dividends for 2008 FY (2009 n/a)
Cash dividend yield
Fair Value estimate
Share price rating  
Difference from fair value
Consider buying below
Consider selling above
Latest share data for METHAQ orders | trades | chart
Ratings, estimates, comments are opinions only, and are not to be taken as advice to buy, sell or hold shares. E&OE.
METHAQ reports
* annualised
Date Profit
AED
EPS
AED
EPS*
AED
Price
AED
PE* PBV ROE* ROS
METHAQ 2008 FY 15 Jan 2009 11.1m 0.07 0.07 4.22 57.2 3.9 6.9% 44.8%
METHAQ 2008 Q4 15 Jan 2009 199k 0.00 0.01 4.22 796.6 3.9 0.5%  
METHAQ 2008 Q3 15 Oct 2008 9.4m 0.06 0.25 8.15 32.6 7.6 23.3%  
METHAQ 2008 Q2 07 Jul 2008 1.5m 0.01 0.04 7.61 190.7 7.5 4.0%  

METHAQ opinion, news, reports, researchTop

METHAQ Takaful Insurance forum  Replies   Views   Last Post 
Methaq Mystery 5 730 03 Dec 09 09:57
Methaq operations start 0 249 17 Feb 09 11:44
Methaq BOD meeting Jan09 0 251 19 Jan 09 11:23
METHAQ 2008Q4 profit Dh0.2m 0 439 15 Jan 09 11:05
Methaq - Bin Salam buys 40% 0 429 21 Dec 08 11:20
METHAQ 08Q3 profit Dh9.4m 0 288 18 Nov 08 14:39
« TAKAFUL-EM v/s METHAQ 4 136 03 Oct 08 11:56
Analysis for methaq.. 0 426 16 Jul 08 17:58
METHAQ 2008Q2 profit Dh1.5m 5 591 15 Jul 08 14:53
Why Methaq Shares UP 9 868 01 Jul 08 16:10

METHAQ latest news (links open in new window)Top

News Item

Emirates NBD to showcase products GulfNews With an existing network of 13 branches in Abu Dhabi and Al Ain, which is part of the larger network of 110 branches and 650 ATMs throughout the UAE, ... and more » More ...


News Item

DIB Named Top Takaful Distributor Khaleej Times Currently based in Abu Dhabi , Michael has more than14 years of experience in providing advisory services to some of the largest organisations in the Middle ... and more » More ...


News Item

UAE equities seen steady as investors stay cautious Khaleej Times Takaful House also fell 5.19 per cent to Dh1.46. In services sector, shares in Shuaa Capital, Global Investment House and Gulf General Investment Company ... and more » More ...


Newsfeed from Google News. See also latest UAE market news.

METHAQ opinion, news, reports, researchTop

METHAQ Takaful Insurance forum  Replies   Views   Last Post 
Methaq Mystery 5 730 03 Dec 09 09:57
Methaq operations start 0 249 17 Feb 09 11:44
Methaq BOD meeting Jan09 0 251 19 Jan 09 11:23
METHAQ 2008Q4 profit Dh0.2m 0 439 15 Jan 09 11:05
Methaq - Bin Salam buys 40% 0 429 21 Dec 08 11:20
METHAQ 08Q3 profit Dh9.4m 0 288 18 Nov 08 14:39
« TAKAFUL-EM v/s METHAQ 4 136 03 Oct 08 11:56
Analysis for methaq.. 0 426 16 Jul 08 17:58
METHAQ 2008Q2 profit Dh1.5m 5 591 15 Jul 08 14:53
Why Methaq Shares UP 9 868 01 Jul 08 16:10
Methaq financial statements & accountsTop
PDF files (new window) 2004 2005 2006 2007 2008
METHAQ First Quarter          
METHAQ Second Quarter         2008Q2
METHAQ Third Quarter          2008Q3
METHAQ Preliminary FY Report           2008PR 
METHAQ Final Annual Report        

Links are to the relevant PDF report on the ESCA website and are provided as a convenience by ShareWadi.com. We are not responsible for the content or availability of any external sites or pages. If accounts are not available from ESCA, try the ADX or DFM website.

METHAQ latest news (links open in new window)Top

News Item

Emirates NBD to showcase products GulfNews With an existing network of 13 branches in Abu Dhabi and Al Ain, which is part of the larger network of 110 branches and 650 ATMs throughout the UAE, ... and more » More ...


News Item

DIB Named Top Takaful Distributor Khaleej Times Currently based in Abu Dhabi , Michael has more than14 years of experience in providing advisory services to some of the largest organisations in the Middle ... and more » More ...


News Item

UAE equities seen steady as investors stay cautious Khaleej Times Takaful House also fell 5.19 per cent to Dh1.46. In services sector, shares in Shuaa Capital, Global Investment House and Gulf General Investment Company ... and more » More ...


Newsfeed from Google News. See also latest UAE market news.

Methaq comments & notesTop

Mithaq / Methaq Insurance share capital, shares outstanding, AGMs, dividends
  • 11 May 2008 - date of Mithaq listing
  • 16 December 2007 - AED 150 million share capital, 150 million shares outstanding
29 September 2009 (email update received from Methaq)
  • Chairman's name updated - Mr Ali Za'al Almansouri replaced Dr Abdul Latif Al Shamsi / AbdulLatif Mohammed AlShamsi
  • Mr Samer Mohammed Kanan elected as Managing Director
21 September 2008 - Methaq Insurance information update (email received from Methaq)
  • Correct name for Methaq is "Methaq Takaful Insurance Company" (changed from "Methaq Islamic Insurance Company" as stated in Methaq IPO prospectus)
  • Chairman's name is Mr Abdul Latif Mohammed Al Shamsi (previous information was Dr ...)
  • CEO name is Mr Luc-Edmond Metivier (unknown what is different from previous information)
  • General Manager name is Mr Rumi Ahmad
12 May 2008 - stock ticker conflict resolved?
  • As of 11 May 2008, ESCA had the ticker MTI for Methaq, but the ADX used METHAQ. It looks like ESCA blinked first - the ticker has changed to METHAQ on their website.
  • Chairman according to SCA and ADX websites is Dr Abdul Latif Mohammed Al Shamsi. Vice Chairman is Abdullah Al Qubaisi.
08 May 2008 - Methaq website
  • www.methaq.ae is registered to Methaq Takaful Insurance PSC according to UAE whois but there's no website there. Date of registration unknown.
23 April 2008
  • Chairman name not confirmed - Abdullah Al Qubaisi is chairman of Methaq founding committee (also written as Abdullah Saeed Al Qubaisi).
  • Company name could be written as Methaq or Mithaq - both versions seen on apparently official looking sources but IPO prospectus says "Methaq Islamic Insurance Company".
  • Full name is Methaq Takaful Insurance according to ESCA website (written as Methaq Takafull Insurance)
  • Other names seen include
    • Mithaq Lil Takaful
    • Mithaq Liability Insurance Company
    • Mithaq Takaful Insurance
  • Mithaq website might be www.mithaq.org (has a coming soon notice)
  • Founding date & contact details from ESCA website.
Mithaq IPO
  • Methaq IPO - from 26 Jan to 04 Feb 2008
  • IPO share price was 1.00 dirham per share + 3 fils (Dh0.03) per share subscription fees
  • 55% of shares sold to public, 45% retained by founders.
  • IPO was reported to be 43x oversubscribed
  • Listing date on the ADSM reported to be end of March 2008
Contact details and investor informationTop
  • Methaq, PO Box 32447, Abu Dhabi, UAE. Tel +971-2-4437773.
  • www.methaq.ae - METHAQ website home page.
  • methaq9@yahoo.com - Methaq email.
METHAQ - related external links (open in new window)Top
  • www.sca.ae - ESCA profile. Includes share ownership details, board of director names, meeting dates, financial statements and annual report.
  • www.adx.ae - ADX financial disclosures, news and information.

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This page last updated 26-Nov-2009. Company information last updated 30 Sep 2009. E & OE.