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Abu Dhabi’s Takaful reports 24% drop in Q2 net income

: Sunday, July 27 - 2014 @ 06:06

UAE insurance firm, Abu Dhabi National Takaful Co (Takaful) has posted a 24% drop in profits during the quarter ended 30 June to Dhs15m due to higher claims, Khaleej Times has reported. Gross Takaful contributions during the quarter grew to Dhs158.2m, compared with Dhs124.5m a year earlier. However, net claims more than doubled to Dhs26m from Dhs12m in the April-June ended period, bringing down the earnings, said Takaful.

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Sunday, July 27- 2014 @ 6:06 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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