Watania Takaful achieves AED7.6 million profit

ABU DHABI / WAM

Ali Saeed bin Harmel Al Dhaheri, Chairman of the Board of National Takaful Company (Watania) said that the company has achieved 36 percent year on year growth in gross contribution, making a net profit of AED7.6 million compared to AED400,000 in 2016.
Speaking on the announcement, Al Dhaheri said, “The company has 3 main business verticals — Medical insurance, Motor insurance and General
insurance that is made up of fire, engineering, marine, general accident and liability insurances. While all 3 lines of business contributed to the operational profitability the major drivers of the profit were Motor and Medical. As a portfolio both these products form 85 percent of our net revenue and we will continue to focus on these product lines.”