Pak-Qatar Takaful announces Rs 120m net profit after tax

KARACHI: Pak-Qatar Takaful Group, which comprises of Pak-Qatar Family Takaful Limited and Pak-Qatar General Takaful Limited announces Rs. 120 million net profit after tax for the year ended December 31, 2018 during the Group’s Board of Directors meetings.

Pak-Qatar Takaful Group achieved an aggregate turnover of around Pak-Rs. 8.5 billion. The Group posted a net profit after tax of Pak-Rs. 120 million during the year ended 31-December-2018. Participant Takaful Fund generated the net consolidated surplus of Pak-Rs. 143 million.

Pak-Qatar Family Takaful Limited (PQFTL) has declared 5% cash dividend for its shareholders. Earlier, for the years 2016 and 2017, PQFTL had declared 5% stock dividend (bonus shares) each year for its shareholders. Pak-Qatar General Takaful Limited (PQGTL) has also declared 5% cash dividend for its shareholders for the first time

The meeting, presided over by His Excellency Sheikh Ali Abdullah Al-Thani – Chairman of Pak-Qatar Takaful Group, discussed the financial results of the company for 2018 and its future plans. Other Board members present in the meeting included Mr. Abdul Basit Ahmad Al-Shaibei; Mr. Ali Ibrahim Al-Abdul Ghani; Mr. Said Gul; Mr. Owais Ansari and Mr. Zahid Hussein Awan. His Excellency, Sheikh Ali praised the Group’s performance during the year 2018 and hoped that 2019 would be another “excellent” year for the company achieving new heights in terms of revenues and profitability and that it would be able to further improve its services to international standards.