DFM welcomes 61 public joint stock company listing

Trading symbol 'Takaful-Em' allotted

Classified within bourse's insurance sector

Dubai, July 20, 2008: Dubai Financial Market (DFM) announced today the listing of Takaful Emarat PJSC. Trading of the company's shares begin today, Sunday, July 20, 2008, under the trading symbol "Takaful-Em," which will appear on DFM screens, trading systems and publications.

The listing ceremony was attended by Essa Kazim, Chairman of Dubai Financial Market; Sheikh Faisal Bin Khalid Sultan Al Qasimi, Chairman, Takaful Emarat; Mohammad A. J. Al Qubaisi, Vice Chairman, Takaful Emarat; Nader T. Qaddumi, Consultant, Takaful Emarat; as well as representatives of National Bank of Abu Dhabi (NBAD), Mr Ali Shalabi, Executive Director of Talal Abu-Ghazaleh & Co. and the media. Representatives from both DFM and Takaful Emarat rang the bell declaring the start of trading of the company's shares.

Takaful Emarat's listing comes as a result of the completion of all the necessary requirements affixed by the Emirates Securities and Commodities Authority (ESCA) and DFM. Takaful Emarat will be classified within DFM's insurance sector stocks.

The company's authorised, issued and paid-up capital is AED 150 million with each share valued at AED 1.

Essa Kazim said: "We welcome Takaful Emarat to the list of insurance firms that trade on DFM. This listing will help and enhance investors' trust in our financial exchange. In addition, this listing will focus on the growth of the insurance sector, resulting from the economic boom and liquidity in the market. It also reflects the demand for the company's products from retail and institutional investors."

Sheikh Faisal Bin Khalid Sultan Al Qasimi, Chairman, Takaful Emarat, said: "We are confident that Takaful Emarat's listing on DFM will attract many investors because of our sound financial and operational records, as well as the growth of the insurance sector in particular and the UAE's economy in general. Takaful Emarat is one of the leading insurance providers in the UAE, and this listing will support the company's financial performance and help develop the insurance services in the market."

NBAD Middle East was appointed as a Financial Advisor and Lead Manager to Takaful Emarat.

-Ends-

About Dubai Financial Market:
Dubai Financial Market (DFM) was established as a public institution having its own independent corporate body. DFM operates as a secondary market for the trading of securities issued by public shareholding companies, bonds issued by the federal Government or any of the local Governments and public institutions in the country, units of investment funds and any other financial instruments, local or foreign, which are accepted by the market. The DFM commenced operations on March 26, 2000. Following its initial public offering in November 2006, when DFM offered 1.6 billion shares, representing 20 per cent of its paid-up capital of AED 8 billion, DFM because a public joint stock company. Following the IPO, the Government of Dubai retained the remaining 80 per cent of DFM Company.

For further information, please contact:
Mohammed Daggamseh 
ASDA'A Public Relations
Dubai, UAE
Tel: +971-4-3355969
Fax: +971-4-3344556
E-mail: m.daggamesh@asdaa.com

© Press Release 2008