Pak-Qatar Takaful Group, which comprises Pak-Qatar Family Takaful and Qatar General Takaful made profit after tax of Rs45.44mn, the company announced in Doha yesterday.
Pak-Qatar Family Takaful posted a profit after tax of Rs26.67mn and Pak-Qatar General Takaful Rs18.77mn, chairman Sheikh Ali bin Abdullah al-Thani said after the group’s board meeting here.
Pak-Qatar Takaful Group said, “With commendable performance from both companies since inception and an outstanding performance during 2012, Pak-Qatar Group is on a solid platform to see future prospects, and most importantly, to perform its duty of fulfilling financial protection and saving needs of our customers.”
On the back of improving financials, the credit rating of the company was also revised by JCR–VIS, upgraded from “A-“to “A”, it said.
The company said it has “attained prominence” as a leader in family takaful through “competence, competitiveness and excellent services”, which are vital for prime stakeholders, and customers. “We look to the years ahead and pledge to remain committed to excellence, keep abreast of changes and innovations and by adopting better management will continue to achieve our goal- together for better.”
Pak-Qatar Takaful is a Pakistan-based company established and owned by major financial institutions and businessmen including, QNB, International Islamic, Masraf Al Rayan, Qatar Islamic Insurance Company besides Sheikh Ali bin Abdullah al-Thani.