Al-Dawly Takaful Insurance CO. (KIB Takaful) announced that its ordinary general assembly, held last Thursday, has approved the Board of Directors' recommendation to distribute a cash dividend to shareholders amounting to 7% of the nominal value of the share, equivalent to 7 Fils per share. 

This marks the sixth consecutive year of cash dividends, supported by the company's robust financial indicators.

In this context, Board Chairman Osama Boukhamsin stated that 2024 represented a significant success for KIB Takaful, as the company achieved a net profit growth of 87% compared to 2023, resulting from outstanding operational performance and effective approved plans and investments.

Boukhamsin noted that the Board of Directors is committed to establishing effective governance principles, enhancing transparency, and protecting shareholders' interests, in line with the company's strategy aimed at achieving strong and sustainable growth rates. He also highlighted the company's healthy growth in total written subscriptions while reducing risk levels due to a well-thought-out underwriting policy based on scientifically and methodologically selecting risks, which positively reflected on the insurance portfolio's performance during the year. He added that these efforts resulted in achieving a significant insurance surplus, increasing by approximately 116% compared to 2023.

Boukhamsin confirmed that the successes achieved were due to the integration of the executive management's efforts and the strategic support and guidance from the Board of Directors, reiterating the company's commitment to build on this positive performance throughout 2025 and striving to expand the customer base and enhance its competitive position in the market.