Abu Dhabi – Mubasher: National Takaful Co (WATANIA) announced its financials for the fiscal year 2014, and reported growing losses by 308.6% to AED 9.79 million ($2.66 million) against a loss of AED 2.397 million ($652.47 THD) by the end of 2013.

Loss per share (LPS) reached AED 0.07 against AED 0.02 the year before.

Worth noting, WATANIA had reported a profit of AED 1 million ($272,000) during the first nine months of 2014 against losses of AED 6.33 million ($1.7 million) during the same period in 2013, recording a profit growth by 115%.

WATANIA’s capital amounts to AED 150 million divided on 150 million shares at par value AED 1 per share.