The company’s takaful funds also recorded a net surplus of Pakistan Rupee 196mn during the period that ended in December 2016, the company said after a meeting of its Board of Directors in Doha yesterday.
The meeting, presided over by Sheikh Ali bin Abdullah bin Thani al-Thani, chairman, Pak-Qatar Family Takaful Group, discussed the financial results of the company for 2016 and its future plans.
It was attended among others by directors Abdulbasit Ahmad al-Shaibei; Zahid Hussain Awan; and Mohamed Kamran Saleem, general manager (Finance); and Mohamed Ashraf Ali Sidiqi.
Sheikh Ali expressed happiness at the performance of the company, which now occupies the third largest position in the private insurance market in Pakistan. The group has nearly 45 branches and 1,000 representative offices across Pakistan. The company’s total assets have reached Rs15bn.
He also said there was a huge demand for the company’s services across Pakistan. This placed additional responsibility on the company and its leadership. Efforts have been made to speed up the services provided to the clients and help them easily access the services of the Pak-Qatar Family Takaful Group, he said.
He hoped 2017 would be another “excellent” year for the company and that it would be able to further improve its services to international standards.
Pak-Qatar Family Takaful Limited, the pioneers of family takaful, is a progressive and a technology-driven Shariah-compliant company providing innovative Takaful solutions in Pakistan. The company is the fastest growing family takaful operator in the region.
Incorporated in 2006, and beginning operations in 2007, the company is registered with, and supervised by, the Securities and Exchange Commission of Pakistan (SECP).
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