TAOI
The Management of Takaful Oman Insurance SAOG is pleased to announce the Unaudited Financial Statement for First Quarter ended 31 March 2015. The following are the financial highlights (Amounts in RO):
Shareholders Account
|
|
Jan- March 2015 |
| Wakala Fees |
865,060 |
| Profit on Deposits with Bank |
38,031 |
| Fair Value Loss |
(14,984) |
| General and Administrative Expenses |
(283,184) |
| Profit after Tax for the period |
640,023 |
Policyholders Account
|
|
Jan- March 2015 |
| Gross Contribution |
2,471,602 |
| Takaful Revenue |
1,265,421 |
| Acquisition Costs (Net) |
(207,746) |
| Wakala Fees |
(865,060) |
| Surplus from Takaful Operations after Wakala Fees |
9,114 |
The above Results are subject to review and approval by the Audit Committee and Board of the company. There are no previous year comparative as the company started operation in April 2014.
Chief Executive Officer
