• July 23, 2018
    Last updated 15 minutes ago

insurance

National Takaful posts a net profit of Dh3.6m in Q1 2018

The company to identify opportunities for expansion

Staff Report
17:21 May 3, 2018

Abu Dhabi

National Takaful-Wataniah reported a net profit of Dh3.6 million in the first quarter of this year compared to Dh33,000 for the corresponding period in 2017.

The growth was driven by growth in medical and technical business and improvement in the combined operating ratio, the company said in a statement on Thursday. “The business recorded a growth of 78 per cent, which was mainly driven by medical and technical (which comprises of fire/engineering & miscellaneous),” stated Ali Saeed Bin Harmel Al Daheri, Chairman of the board of National Takaful- Wataniah. The company will continue to identify opportunities for expansion and new activities that are aligned with the medium and long term strategy, he added.