ASIF IQBAL - DOHA The third annual general meeting of Pak-Qatar Family Takaful Limited was held here on Monday where shareholders approved the company’s financial statement for the year that ended on December 31, 2008. The shareholders also approved the resolution to reappoint Ford Rhodes Sidat Hyder & Company as auditors for 2009.Speaking at the meet, Chairman of the Board of Directors Sheikh AIi bin Abdullah al Thani said despite tough political and economical conditions in Pakistan, 2008 witnessed substantial growth in all areas of operations. The company developed offices in 10 major cities across Pakistan and was able to achieve gross revenue of Rupes 170 million.
“In individual family Takaful segment, the company has developed a strong agency structure with manpower of approximately 700 trained consultants. This growth is unprecedented in Pakistan as no other Takaful/insurance company could attain this within its first year of operations,” Sheikh Ali said.
Talking about the company’s expanding portfolios, the chairman said, the company has launched various products designed to meet the needs of various segments of the market. He said the company now has the capability to launch new products and services driven by the consumer needs with speed and quality. “The company is focused on strengthening the individual family takaful business, which is very important for the long term survival and growth of the company. Significant progress was also made to acquire corporate business as a large number of respectable institutions entrusted us for their employee benefit plans and therefore our client list is growing,” Sheikh Ali added.
Regarding the company’s future plans, Sheikh Ali said, in 2009, we would continue to tap the huge untapped potential of the Takaful market in Pakistan. He said during this process the company will be aggressively pursuing the goal of spreading takaful protection among the masses with the enhanced zeal and impetus.
No comments:
Post a Comment