Sheikh Ali bin Abdullah bin Thani Al Thani (third right), Chairman of Pak-Qatar Takaful Group, Abdulbasit Ahmad Al Shaibei (third left) and other senior officials of the Group during a board meeting.
Sheikh Ali bin Abdullah bin Thani Al Thani, Chairman of Pak-Qatar Takaful Group and other board members discussed financial results of the Group for 2016 and its futures plans at the board meeting held recently. QIIB Chief Executive Officer, Mr Abdulbasit Ahmad Al Shaibei also attended the meeting.
The Board discussed Group's business during the year 2016 and the budget for 2017. The members discussed the progress and strategic plans. The Board of Directors expressed satisfaction with the results achieved by during the last year with net profit of after tax coming at 123m Pakistani rupees.
Takaful fund achieved a net surplus of 196m Pakistani rupees during the period ended December 31, 2016. Sheikh Ali bin Abdullah stressed on the need to increase the momentum of the Group's business. He stressed on the need to work hard to improve the performance by increasing Group's presence to meet growing demand for Group’s services in various regions of Pakistan. This puts more responsibility on the Group to meet the rising requirements of the customers, he added.
The Group has taken successful step in its work and has earned the trust of its customers through a network of branches and representatives in various Pakistani cities. He hoped that the year 2017 will be an excellent year for the Group
Pak-Qatar Takaful Group has nearly 45 branches and about 1,000 representative office in Pakistan and its total assets have reached nearly 15bn rupees and occupies third place in the private insurance market in Pakistan.
