Al Khaleej Takaful Net Profit Drops to QR7.75 Million in 1^st Half of 2018

July 30, 2018

Al Khaleej Takaful’s net profit amounted to QR7.75 million in the first half of 2018, compared to QR16.45 million in the same period of the previous year, while its earnings per share reached QR0.30, versus QR0.64.

The Group’s Comments:

Al Khaleej Takaful’s total income from insurance and investments decreased by 31.1% to QR25.3 million in the first half of 2018, while its total expenses diminished by 13.1% to QR17.6 million. As a result, the company’s net income declined by 42.8% to QR7.76 million.