Pakistani-Qatari Takaful Group holds board meeting in Doha

Sheikh Ali bin Abdullah bin Thani al-Thani, chairman, Pakistani-Qatari Takaful Group, presided over the meeting of the board of directors of the group, which includes the Pakistani-Qatari General Takaful Company and the Pakistani-Qatari Family Takaful Company.The meeting was devoted to discussing and approving the financial statements of both companies for the year ending on December 31, 2023 and the group’s future plans.The meeting held in Doha was attended by board members including Dr Abdulbasit Ahmad al-Shaibei, Ali Ibrahim al-Abdul Ghani, Said Gul, Dr Manfred and Zahid Hussein Awan.The meeting was also attended by Sakib Zeeshan, executive vice-president, Pakistani-Qatari General Takaful Company, and Sohaib Akhtar, head (Strategy) at Pakistani-Qatari Takaful Group.Sheikh Ali expressed satisfaction with the group’s performance during 2023, hoping that 2024 will be another distinguished year for the company to achieve new heights in terms of revenues and profitability and be able to continue improving its services to keep pace with the best international standards.He said: "The Pakistani-Qatari Takaful Group achieved total sales worth 17.5bn Pakistani rupees, while the group’s net profit after deducting tax amounted to 257.5mn rupees during the year that ended on December 31, 2023. The participating Takaful Fund also achieved a consolidated net surplus of 78mn rupees.”Sheikh Ali added: "Pakistani-Qatari Family Takaful Company (PQFTL) will distribute cash dividends to its shareholders at a rate of 5%, while Pakistani-Qatari General Takaful Company (PQGTL) will distribute cash dividends at a rate of 10% to its shareholders.”While Sheikh Ali bin Abdullah expressed thanks for the efforts made by the group’s management and employees, he stressed the need to work hard for improving performance, respond to competition, increase innovation, and gain the confidence of the widest possible segment of customers in the large Pakistani market.