Doha, Qatar – Alkhaleej Takaful Insurance reported on Monday the net profit of QR 42,08 million for the first six months of 2023, compared to QR 32,95 million it reported in the same period of 2022.
Earnings per share (EPS) amounted to QR 0.165 as of June 30, 2023 versus QR 0.129 for the same period in 2022.
AlKhaleej Takaful Insurance Company was established in 1979 to provide all kinds of conventional insurance and reinsurance services. In 2010, it became a Takaful Insurance company in compliance with Islamic Sharia` principles.
Al Khaleej Takaful Insurance Company offers a wide array of insurance, reinsurance, and takaful insurance services. The company operates through three distinct segments – Takaful, Investment, and Real Estate.
Catering to various insurance needs, the company provides comprehensive and third-party motor insurance products, as well as property insurance offerings, such as fire and special perils, property all risks, business interruption, terrorism, and jewelers block insurance.
It further extends its coverage to engineering insurance products, encompassing contractor’s all risk, erection all risk, equipment, machinery breakdown, deterioration of stock in cold storage, and electronic equipment insurance. Workmen’s compensation, personal accident, fidelity guarantee, and money insurance are also part of its insurance portfolio.
Recognizing the importance of liability coverage in today’s business landscape, Al Khaleej Takaful delivers insurance products such as public liability/third party liability, product liability, event liability, directors and officers liability and company reimbursement, professional indemnity, medical malpractice, bankers blanket bond, and cyber liability insurance.
Expanding its reach, the company ventures into marine cargo, freight forwarders liability, marine hull, and aviation insurance, bolstering its offerings to meet the diverse requirements of its clientele.
