(MENAFN) Abu Dhabi National Takaful reported a continued growth in its net profit for the second quarter, according to Gulf news.
Takaful's net profit for the period rose by 69 percent, reaching USD5.4 million up from USD3.2 million in the same period last year.
Its underwriting profit for the same period of this year hit 44 percent growth, reaching USD4.46 million compared to USD3 million prior-year period.
Chairman of Abu Dhabi National Takaful Company, Khadem Al Qubaisi, commented: "Our results for the first half of 2013 reflect our commitment and strategic approach in handling the current market conditions taking into consideration the fierce competition. Takaful aims to continue to deliver value and profit to its shareholders and policyholders over the short and long term."
"Over the last three years, Takaful continues to achieve a steady profitable growth and I"m pleased to announce our half year 2013 financial results," said Osama Abdeen, Chief Executive Officer of Abu Dhabi National Takaful.
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