Title :

Dividend Distribution Policy 

Content :

Al Madina Insurance Company SAOG Listed on Muscat Stock Exchange (MSX)

Dividend Distribution Policy Statement

 

BOD Decision: The Board of Directors (BOD) of Al Madina Insurance Company SAOG listed on MSX has decided in its meeting on 25 February 2026 and agreed on a decision regarding Dividend Distribution Policy statement.

Dividend to Share Holder Intent: To Pay Dividend

Interval: Annual

Dividend Distribution Strategy: Cash / bonus shares

Company’s Financial Position: The Company will distribute dividends from shareholders’ retained earnings, ensuring adequate capital, required solvency margin, reserves, and liquidity, in compliance with regulatory requirements, Financial Services Authority approvals, and applicable Omani laws, including the Commercial Companies Law.

Growth Strategy: ConsistentDistribution of Dividend

Industry Update: Oman’s Takaful sector operates in a dynamic environment, supported by stable economic growth, increased investment, and government initiatives in healthcare, tourism, and infrastructure.

While rising claims costs, regulatory changes, and competition remain challenges, Al Madina Takaful’s Shari’ah-compliant offerings, disciplined underwriting, strong market position, and focus on customer experience provide a clear competitive advantage. Investments in digitalization and talent development further enhance efficiency and long-term value for shareholders and participants.

Dividend Distribution plan: The Company intends to distribute dividends to its shareholders annually with the total dividend per share as recommended by Board of Directors after the approval from the shareholders at the Annual General Meeting.

Dividend Announcement Placement Plan: The announcement will be made available on MSX website at www.msx.om.

Dividend Approval: The Board would recommend the dividend proposal for the approval of the Shareholders in the Annual General Meeting.

 

Policy Rationale: The dividend policy balances rewarding shareholders with maintaining financial stability and supporting long-term growth. Dividends are declared from retained earnings based on profitability, regulatory compliance, and Shari’ah principles, ensuring sustainable payments that create consistent value for shareholders.

Additional Information: Nil

Legal Clause (If Any): Dividend distributions are subject to the availability of distributable profits, the Company maintaining adequate capital, reserves, required solvency margin and liquidity, and obtaining all necessary approvals from the Financial Services Authority. Payments will comply with the Commercial Companies Law, applicable Omani legislation, and Shari’ah principles.

Amendment: The Company reserves the right to make amendments to the dividend distribution plan. Any changes to the dividend distribution plan will be announced accordingly in the Company’s official website and will be filed with MSX.

Disclaimer: The dividend policy statement is a guiding framework and does not constitute a guaranteed entitlement. Dividend declarations are subject to the Company’s financial performance, available retained earnings, regulatory approvals, Shari’ah compliance, and the discretion of the Board of Directors.The Board of Directors reserves the right to depart from the policy as and when circumstances so require.

 

Contact Information: For any further information or queries can be directed to the Company’s Investor Relation Officer- Mr Hitesh Popat

Email:  [email protected] /Telephone no: + 968 99014203.

 

 

For Al Madina Insurance Company SAOG