Pak-Qatar Takaful Group holds Board of Directors Meeting in Islamabad

ISLAMABAD, April 23, 2018: Pak-Qatar Takaful Group, which comprises of Pak-Qatar Family Takaful Limited and Pak-Qatar General Takaful Limited, reviewed and approved the financial statements of both the Companies for the year ended December 31, 2017 during the Group’s Board of Directors meeting held recently at the Serena Hotel, Islamabad.

Pak-Qatar Takaful is Pakistan’s Pioneer and largest Takaful Group operating for more than a decade with the largest branch network nationwide. The Group owns Pak-Qatar Family Takaful Limited and Pak-Qatar General Takaful Limited.

The meeting was chaired by His Excellency Sheikh Ali Bin Abdullah Al-Thani. Other Board members present in the meeting included Mr. Said Gul; Mr. Abdul Basit Ahmad Al-Shaibei; Mr. Ali Ibrahim Al-Abdul Ghani; Mr. Zahid Hussein Awan; Mr. Owais Ansari and Mr. Furrukh Vaqaruddin Junaidy. His Excellency, Sheikh Ali praised the Group’s remarkable performance during the year 2017.

Pak-Qatar Takaful Group registered an immense growth during the preceding year with an aggregate turnover of around Pak-Rs. 9.0 billion (QR 300 million). The Group posted a net profit after tax of Pak-Rs. 133 million (QR 4.43 million) during the year ended December 31, 2017. Participant Takaful Fund generated the net consolidated surplus of Pak-Rs. 116 million (QR 3.86 million).