Abu Dhabi - Osama Abdel-Raouf Abdeen, CEO of Abu Dhabi National Takaful Co. PSC (ADNTC), the leading Takaful operator in the GCC. He has been named among the GCC’s 100 Best CEOs at the Top CEO Awards for 2017 organized by Mediaquest.
The elite roster of top-performing CEOs in the Gulf is compiled annually by Mediaquest’s TRENDS magazine, the leading magazine on Arab affairs in the MENA region, in association with world-renowned business school INSEAD. The criteria for the selection process were set by independent financial and governance experts and were based on financial factors including profits, revenues, assets, company size, earnings per share, corporate governance and transparency, market capitalization, and market values. Following comprehensive analyses of listed companies in the GCC stock exchange, 100 honorees were chosen from which 17 are from the insurance field, with six of them representing UAE-based companies.
He has been directly involved in several acquisitions, geographic expansions and market penetration projects, with a proven track record in leadership and extensive technical insurance knowledge that has made him a prominent industry figure.
From 2010 to 2016, and despite prevailing market conditions, ADNTC reported consistent annual growth in net profits (from AED 2.6 to AED 48.4 million) and shareholder’s equity (from AED 106 to AED 271 million) marking seven consecutive years of sustained superior performance across key financial and non-financial performance indicators. In addition, the company announced a 12 per cent increase in net profits to AED 20.1 million in Q1 2017.
Abdeen commented: “I am very honored to receive this prestigious, reliable and independent award, and I would like to give due credit to ADNTC’s distinguished board members and highly skilled team who all share the vision of providing the best Takaful products and services. We continue to enjoy an outstanding market performance through our focus on demonstrating the viability of the Takaful concept as a profitable business model. ADNTC remains committed to focusing on sound underwriting, seamless customer service, product innovation, sound corporate governance and transparency for the good of our organization, our partners, customers, and our globally-expanding industry.”
© Press Release 2017
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