Pak-Qatar Takaful Group has reviewed and approved the financial statements of both companies for 2018 during the group’s board of directors meetings held recently at the Qatar International Islamic Bank (QIIB) Head Office in Doha.
Pak-Qatar Takaful, which comprises of Pak-Qatar Family Takaful Limited and Pak-Qatar General Takaful Limited, is Pakistan’s pioneer and largest Takaful group operating for more than a decade with the largest branch network nationwide.
The meeting, presided over by Pak-Qatar Takaful Group chairman Sheikh Ali Abdullah al-Thani, discussed the financial results of the company for 2018 and its plans in the coming period.
Other board members present in the meeting included Abdul Basit Ahmad al-Shaibei, Ali Ibrahim al-Abdul Ghani, Said Gul, Owais Ansari, and Zahid Hussein Awan. Sheikh Ali lauded the group’s performance in 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.
Pak-Qatar Takaful Group achieved an aggregate turnover of around 8.5bn Pakistan rupees.
The group posted a net profit after tax of 120mn Pak-Rs in 2018. Participant Takaful Fund generated the net consolidated surplus of 143mn Pak-Rs.
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.
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