Sheikh Ali Abdullah Al Thani (centre), Chairman of Pak-Qatar Takaful Group, Abdul Basit Ahmad Al Shaibei (fourth left); and other board members during the meeting.
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, 2018 during the Group’s Board of Directors meetings held recently at Qatar International Islamic Bank (QIIB) Head Office in Doha. Pak-Qatar Takaful 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 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 Abdul Basit Ahmad Al-Shaibei; Ali Ibrahim Al-Abdul Ghani; Said Gul; Owais Ansari and Zahid Hussein Awan.
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.
Pak-Qatar Takaful Group achieved an aggregate turnover of around Pak-Rs. 8.5bn. The Group posted a net profit after tax of Pak-Rs. 120m during the year ended 31-December-2018. Participant Takaful Fund generated the net consolidated surplus of Pak-Rs. 143m.
Pak-Qatar Family Takaful Limited (PQFTL) has declared 5 percent cash dividend for its shareholders. Earlier, for the years 2016 and 2017, PQFTL had declared 5 percent stock dividend (bonus shares) each year for its shareholders.
Pak-Qatar General Takaful Limited (PQGTL) has also declared 5% cash dividend for its shareholders
