Tuesday 06, June 2017 by William Mullally

Abu Dhabi National Takaful announces Q1 2017 results

Q1 2017 results are a continuation of the company's strong performance in net profitability over the past 7 years.

Abu Dhabi National Takaful Co. PSC (ADNTC), atakaful operator in the Middle East region, announced its Q1 2017 results with a net profit of AED 20.1 million, showing an increase of 12 per cent over the net profit of AED 18.1 million for the same period in 2016. Q1 2017 results are a continuation of the company's strong performance in net profitability over the past 7 years.

Osama Abdel Raouf Abdeen, Chief Executive Officer, ADNTC, said, “Our outstanding progress in the region for the past years is clearly reflected in the excellent performance that we have posted for the first quarter of 2017 with underwriting profit going up to 10 per cent from AED 15.4 million to AED 17 million. Our strong and profitable financial performance is a testament to the successful business model we adopt as evidenced in our strategic growth pillars, besides the sound market credibility and financial strength that we continue to enjoy. We remain focused on strengthening the trust of our shareholders and customers while also being fully committed towards providing the best Shari'ah compliant insurance experience with competitive services and benefits to our customers.”

Features & Analyses