Pak-Qatar Takaful posts Rs 123 million PAT

Pak-Qatar Takaful Group has posted a net profit after tax of Pakistan Rupees 123 million in 2016. The Group's Takaful funds also recorded the aggregate net surplus of Pakistan Rupees 196 million during the period that ended on December 2016, the company said after a recent meeting of its Board of Directors.
The meeting, presided over by Sheikh Ali bin Abdullah bin Thani al-Thani, Chairman of Pak-Qatar Takaful Group, was attended by Directors; Abdul Basit Ahmad al-Shaibei, Said Gul, Zahid Hussain Awan. Besides, Muhammad Kamran Saleem (CFO & Company Secretary) and Muhammad Ashraf Ali Siddiqi were also present in the meeting. The Group has a network of more than 50 branches spread all over Pakistan. The Group's total assets have crossed Rs 17 billion. Assets under management by the Group are of more than Rs 16 billion.