Advertisement
|16 April, 2019

Pak-Qatar Takaful announces net profit after tax for the year ended 31 December 2018

Pak-Qatar Family Takaful Limited (PQFTL) has declared 5% cash dividend for its shareholders.

Pak-Qatar Takaful announces net profit after tax for the year ended 31 December 2018

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

Advertisement

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.

-Ends-

© Press Release 2019

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.

More From Press Releases