Al Khaleej Takaful Insurance QPSC (AKHI)

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News

17 February 2019 01:01 PM FTSE Russel index to include 7 Qatari-listed firms

Mubasher: The Qatar Stock Exchange (QSE) on Sunday announced that seven listed companies will be included in the FTSE Russell’s index starting from 14 March. Mesaieed Petrochemical Holding, Qatar Fuel (Woqod), Qatar Insurance, Qatari Investors …

Markets Regulations

28 October 2018 04:07 PM Al Khaleej Takaful’s profit hikes 590% in Q3

Mubasher: Al Khaleej Takaful Insurance (AKHI) on Sunday reported a 589.8% year-on-year surge in profits for the third quarter of 2018. Net profits amounted to QAR 1.29 million in Q3-17, compared to QAR 187,000 in Q3-17, according to the company’s …

Financial Results

30 July 2018 02:51 PM Al Khaleej Takaful’s profit falls 26% in Q2

Mubasher: Al Khaleej Takaful Insurance (AKHI) on Monday posted a 25.6% year-on-year decline in its profits for the second quarter of 2018. Net profits amounted to QAR 1.92 million ($527,400) in Q2-18, compared to QAR 2.58 million ($708,700) in …

Financial Results

7 May 2018 02:35 PM Alkhaleej Takaful 10th firm raises foreign ownership to 49% - Report

By: Eman Ghaly Mubasher: The Qatar Central Securities Depository (QCSD) announced that it has increased non-Qatari ownership limit in Alkhaleej Takaful Insurance to 49%. As a result, Alkhaleej Takaful will be the 10th company raising foreign …

Markets Regulations

30 April 2018 11:08 AM Al Khaleej Takaful profit tumbles 58% in Q1

Mubasher: Al Khaleej Takaful Group reported a 58% year-on-year decline in its profits for the first quarter of 2018. Net profits amounted to QAR 5.83 million in Q1-18, compared to QAR 13.87 million in Q1-17, according to the company’s statement to …

Financial Results

26 February 2018 02:00 PM 5 QSE-listed insurance firms distribute QAR 711m dividends in 2017

By: Eman Ghaly Mubasher: Profits of five insurance companies listed on the Qatar Stock Exchange (QSE) declined by 0.03% year-on-year during the fourth quarter of 2017, while their cash dividends amounted to QAR 711.2 million, according to …

Financial Results

22 February 2018 11:17 AM Al Khaleej Takaful's loss slides 62.4% in Q4-17

Mubasher: Al Khaleej Takaful Group on Thursday reported a 62.4% year-on-year drop in its losses for the fourth quarter of 2017. The company’s loss declined to QAR 2.03 million ($560,100) in Q4-17 from QAR 5.4 million ($1.5 million) in the same …

Financial Results

27 April 2017 03:33 PM Al Khaleej Takaful Q1 profits drop to QAR 14m

Doha – Mubasher: Al Khaleej Takaful Group on Thursday reported a slight year-on-year decline in its profits by 2.1% for the first quarter of 2017. Profits stood at QAR 13.87 million ($3.81 million) in Q1-17, compared to QAR 14.17 million ($3.89 …

Financial Results

6 April 2017 00:47 PM Al Khaleej Takaful denies bonus share distribution

Doha – Mubasher: Al Khaleej Takaful Group denied news published in a Qatari newspaper about the approval of its extraordinary general meeting (EGM) to increase its capital to QAR 195.6 million through distributing 15% bonus shares, at a 1.5-for-10 …

Management Decisions

15 March 2017 11:04 AM Al Khaleej Takaful suffers losses in Q4

Doha – Mubasher: Al Khaleej Takaful Group swung to losses in the fourth quarter of 2016, according to a bourse filing. The company incurred losses of QAR 5.31 million ($1.46 million) in Q4-16, compared to profits of QAR 11.19 million ($3.1 …

Cash Dividends

30 October 2016 04:34 PM QSE insurance sector profits up 56% in Q3

By: Salama Abdulrahman Mubasher: The financial results of the insurance companies listed on the Qatar Stock Exchange (QSE) showed a growth in profits by 56.3% in the third quarter of 2016 compared to the same quarter of last year. The five QSE …

Sector Reports

20 October 2016 02:55 PM Al Khaleej Takaful Q3 profit up 91%

Doha – Mubasher: Al Khaleej Takaful Group reported on Thursday a rise of 90.95% in its profit for the third quarter of the fiscal year 2016 to QAR 3.8 million ($1.04 million), compared to QAR 1.99 million ($546,000) for Q3-15. Net profit for the …

Financial Results

9 October 2016 09:07 AM Qatar Cinema, Al Khaleej Takaful set Q3 financial disclosures date

Doha – Mubasher: Al Khaleej Takaful Group and Qatar for Cinema and Film Distribution Company said Sunday that they will announce their financial statements for the third quarter of the fiscal year 2016 on 20 October and 23 October respectively. Al …

Event

2 August 2016 09:05 AM Al Khaleej Takaful posts 87% fall in Q2 profit

Doha – Mubasher: Al Khaleej Takaful Group’s earnings declined in the second quarter of the fiscal year 2016 by 87% to QAR 740,000 ($203,060), versus QAR 5.71 million ($1.57 million) reported for Q2-15. Net profit also fell in the first half of …

Financial Results

17 July 2016 11:11 AM Al Khaleej Takaful names new CEO

Mubasher: Al Khaleej Takaful Group said Sunday that its board of directors accepted the resignation of the company’s managing director, Saud Bin Abdulla Al Thani, upon his request. The board decided to appoint Al Thani as a CEO for the company, …

Board of Directors

9 May 2016 03:28 PM Al Khaleej Takaful nods to raise stake in QUBI to 25%

Doha – Mubasher: Al Khaleej Takaful Group’s board of directors agreed on Monday to raise the national insurer’s stake in Qatari Unified Bureau Insurance (QUBI) from 20% to 25% in a move worth QAR 6.75 million. Two other insurers have announced …

Management Decisions

17 April 2016 09:08 AM Al Khaleej Takaful’s CEO resigns

Doha – Mubasher: Al Khaleej Takaful Group announced Sunday that its board of directors accepted the resignation off the company’s CEO, Jassim Al Moftah, upon his request. According to a bourse filing, Al Moftah will continue in his position till …

Management Decisions

21 March 2016 07:25 PM Al Khaleej Takaful eyes GCC expansion by end-2016 - CEO

By: Eslam Salem Doha – Mubasher: Al Khaleej Takaful Group plans to expand in the Gulf Cooperation Council (GCC) countries by the end of 2016, the company’s CEO, Jassim Al Moftah, told Mubasher on Monday. “We are now focusing on operating …

Companies Investments

21 March 2016 05:18 PM Al Khaleej Takaful’s OGM confirms 10% cash dividends

By: Eslam Salem Doha – Mubasher: Al Khaleej Takaful Group’s shareholders approved on Monday the board of director’s recommendation to distribute cash dividends at 10% of the capital or QAR 1 ($0.27) per share for the fiscal year 2015. The …

Financial Results

24 February 2016 04:39 PM Al Khaleej Takaful sets 21 March for OGM

Doha – Mubasher: Al Khaleej Takaful Group set 21 March for its ordinary general meeting, the company announced on Wednesday. The meeting will discuss a proposal by the company’s board of directors to distribute cash dividends at 10% of the …

Trading Activities

21 February 2016 03:06 PM S&P maintains Al Khaleej Takaful rating at ‘BBB’

Mubasher: Standard & Poor's (S&P) has revised its outlook on Qatari insurer Al Khaleej Takaful Group (KTG) to positive from stable.  At the same time, the ratings agency affirmed its 'BBB' long-term insurer financial strength and counterparty …

Ratings

21 February 2016 11:51 AM Al Khaleej Takaful's share hits two-year low

Doha – Mubasher: Al Khaleej Takaful Group’s share recorded on Sunday its fourth decline in a row, reaching the lowest level since 26 February 2014. The share fell 0.2% to QAR 24.8 in today’s mid-trading. The falls in the past few sessions were …

Trading Activities

16 February 2016 10:46 AM Al Khaleej Takaful’s Q4 profit down 42%

Doha – Mubasher: Al Khaleej Takaful Group’s profit plunged 42.1% year-on-year in the fourth quarter of 2015. Net profit decreased in Q4-15 to QAR 11.18 million from QAR 19.3 million in the same period of 2014, according to a bourse filing released …

Management Decisions

7 July 2015 01:42 PM Al Khaleej Takaful to announce H1 financials 2 August

Al Khaleej Takaful Group will disclose on 2 August its revised financial statements for the first six months ended 30 June, according to a bourse filing. The Qatar-based national insurance group reported profits of QAR 24.5 million ($6.73 million) …

Company News

19 April 2015 04:04 PM Al Khaleej Takaful Q1 profit rises to QAR 24.5m

Doha-Mubasher: Al Khaleej Takaful Group reported a slight growth in profit by 1% to QAR 24.5 million ($6.73 million) during the first quarter of 2015, compared to QAR 24.3 million ($6.67 million) during the same period of 2014.Financials showed a …

Company News