Methaq Takaful Insurance, a UAE based financial servicses firm, has opened a new branch in city of Al Ain, as part of expanding its branch network across the country and providing services to the customers in their locality.

With this new branch, the insurer has increased it branch network to four fully operating offices, with plans to open fifth branch soon at Jebel Ali, Dubai.

Methaq offers car insurance, marine cargo insurance, travel insurance, residence insurance, and the small- and medium-size enterprises (SME) package, along with other products and solutions.

The company has also launched, in cooperation with Al Yah Satellite Communications Company (YahSat), a new takaful insurance program for managing satellite risks.