July 23, 2016 1:34 PM ET

Insurance

Company Overview of MAA Takaful Berhad

Company Overview

MAA Takaful Berhad provides insurance solutions. The company offers Takafulink, an investment-linked family Takaful plan; Takafulink single investment-linked plan; and CancerCare, a medical plan that provides cancer coverage for families. It offers general insurance coverage in the areas of loss or damage caused by fire, lightning, or domestic gas explosion; loss of profits; damage to property covered by theft; coverage on property against loss or damage by accident or misfortune in the territorial limits; legal liability to pay compensation for accidental bodily injury to or accidental damage to the property; personal accident; loss of money; marine cargo; loss or damage to any of the glass...

15th Floor

Menara MAA

No.12 Jalan Dewan Bahasa

Kuala Lumpur,  50460

Malaysia

Founded in 2006

Phone:

60 3 2146 8000

Fax:

60 3 2143 0033

Key Executives for MAA Takaful Berhad

Chief Executive Officer
Head of Finance HO
Non Independent Non Executive Director, Chief Executive Officer of MAA Holdings Berhad and Group Managing Director of MAA Holdings Berhad
Age: 51
President of General Division
Head of Actuarial & Strategic Planning HO
Compensation as of Fiscal Year 2016.

MAA Takaful Berhad Key Developments

Maa Seeks To Sell Its Takeful Business

MAA Group Berhad (KLSE:MAA) is planning to sell its its Takaful business. MAA Group and Solidarity Group Holding BSC(c) had proposed to sell MAA Takaful Berhad for RM525 million to Zurich Insurance Co Ltd. MAA is seeking shareholder’s approval for the sale of its Takaful business. MAA Group, which owns 75% in MAA Takaful, is expected to reap RM 393.75 million from this sale. It has declared a special dividend of 35 sen per share.

MAA Takaful Berhad Reports Audited Earnings Results for the Full Year Ended December 31, 2015

MAA Takaful Berhad reported audited earnings results for the full year ended December 31, 2015. For the year, the group reported operating revenue was MYR 548.98 million against MYR 676.43 million a year ago. Profit before taxation was MYR 2.813 million against loss of MYR 3.708 million a year ago. Loss for the period was MYR 6.612 million against loss of MYR 4.93 million a year ago. Cash flow from operating activities was MYR 6.06 million against MYR 6.16 million a year ago.

MAA Takaful Berhad Reports Audited Earnings Results for the Year Ended December 31, 2014

MAA Takaful Berhad reported audited earnings results for the year ended December 31, 2014. For the period, the company's operating revenue was MYR 676,429,000 against MYR 503,164,000 a year ago. Loss before taxation was MYR 3,708,000 against profit of MYR 13,047,000 a year ago. Loss for the financial year was MYR 4,933,000 against profit of MYR 10,003,000 a year ago.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
November 30, 2015
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