Islamabad: Pak-Qatar General Takaful Limited (PQGTL or Company), a leading provider of Shariah-compliant general Takaful solutions in Pakistan, has announced its financial results for the year ended 31 December 2023. PQGTL is part of Pak-Qatar Group, a leading and leading Islamic finance association in Pakistan. PQGTL is rated A+ (or A Plus) with stable outlook by Pakistan Credit Rating Authority (PACRA) and V+ Credit Rating Company Limited with stable outlook.
The company’s financial results for 2023 and plans for 2024 were discussed at a Board meeting chaired by Sheikh Ali bin Abdullah bin Thani al-Thani, chairman of the Pak-Qatar Group, at a meeting held in Doha, Qatar. Abdul Basit Ahmad Al-Shaybey, Ali Ibrahim Al Abdul Ghani, Zahid Hussain Awan and Mohammed Kamran Saleem. Company vice chairman Sakib Zeshan also attended the meeting
Overview of financial indicators:
Equity Fund, despite all the headwinds, posted a net profit after tax of 101.2 million with EPS of PKR 1.99; The Participant Takaful Fund (Waqf Fund) earned a surplus of PKR 40.57 million for the year. The company has increased its net worth and share price through impressive revenue growth.
