Pak-Qatar Takaful Group Posts Rs. 123 million net profit in 2016

Pak-Qatar Takaful Group has posted a net profit after tax of Pakistan Rupees 123 million in 2016. The Group’s Takaful funds also recorded the aggregate net surplus of Pakistan Rupees 196 million during the period that ended on December 2016, the company said after a recent meeting of its Board of Directors in Doha.

The meeting, presided over by Sheikh Ali bin Abdullah bin Thani al-Thani – Chairman of Pak-Qatar Takaful Group, was attended by Directors – Abdul Basit Ahmad al-Shaibei,Said Gul, Zahid Hussain Awan. Besides, Muhammad Kamran Saleem (CFO & Company Secretary) and Muhammad Ashraf Ali Sidiqi were also present in the meeting. The Group has an extensive network of more than 50 branches spread all over Pakistan. The Group’s total assets have crossed Rs 17 billion. Assets under management by the Group are of more than Rs 16 billion. Pak-Qatar Takaful Group has truly created a market for Takaful in Pakistan, whereby paving the way for other players in the industry.

Caption: Sheikh Ali, al-Shaibei with other directors at the BoD meeting of the Pak-Qatar Family Takaful Group

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