National Takaful Company (Watania) PJSC (Arabic: وطنية للتكافل) is a takaful company based in Abu Dhabi, United Arab Emirates.
[4] These founding investors floated around 55 percent of the company's shares in an initial public offering which was seven times oversubscribed.
[4][5] The company commenced operations shortly after, with the opening of two branches in Abu Dhabi and Dubai over the following two years.
[6] In 2014, Oman-based conglomerate MB Holding acquired a 60.5 percent stake in the company through two subsidiaries, including Al Madina Takaful.
[7][3] Watania operates using the wakala model and offers general and health takaful products.