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FINANCIAL NEWS
Bahrain’s Takaful contributions up 12 percent in 2013
01 Apr 2014
(MENAFN) Gross takaful contributions of Takaful International Company boosted by 12 percent in 2013 compared to 2012, according to Gulf Daily News.
The company said that recommended cash dividends for the year were approved at 5 percent of paid-up capital.
chief executive Younis Jamal said: “We are optimistic about the results achieved by the company, which is reflected in the accreditation of the company by the international credit rating agency AM Best with rating of B++ stable.”
He added: “The performance reflects the financial strength and corporate governance received by the company since the year 2008 as the first Islamic insurance company awarded a global rating within the kingdom.”
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