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Dubai / WAM
Takaful Emarat announced that net profit for the twelve-month period ended December 31, 2017, was AED18.8 million, up 25 percent from the company’s 2016 net profit of AED15 million.
Mohammed Al Hawari, Executive Board member and Managing Director of Takaful Emarat, said, “During the course of 2017, we maintained our focus on growing the business in tandem with strict cost controls and operational efficiencies, which have generated a 25 percent increase in net profit for the period.†“We continue to grow our business through strategic partnerships — Bayzat and Souqalmal — and with our recent acquisition of Al Hilal Takaful we have now expanded our product offering into general insurance complementing our life and health solutions,†he added.