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AL KHALEEJ TAKAFUL INSURANCE COMPANY DISCLOSES INTERIM FINANCIAL STATEMENT FOR THE 3RD QUARTER OF 2017

AL KHALEEJ TAKAFUL INSURANCE COMPANY disclosed its financial statements for the period ended on 30.09.2017. The statements shows that the net profit is QR 16,63 Million Compared to net profit amounting to QR 18,60 Million For the same period of the previous year.
 
The Earnings per Share (EPS) amounted to QR 0,65 For the period ended September 30, 2017 to EPS amounted to QR 0,73 for the same period of the previous year.

AL KHALEEJ TAKAFUL GROUP HOLDS ITS AGM ON 13/3/2018

Al Khaleej Takaful Group announces thatannual Ordinary Assembly Meeting will be held on Tuesday 13/3/2018 at 4:00 PMat Doha Bank Tower – Conference Hall – First Floor. In case the quorum is notmet, an alternate meeting will be held on Tuesday 20/3/2018 at 5:00 PM   insame venue.

ALKHALEEJ TAKAFUL DISCLOSES THE SEMI-ANNUAL FINANCIALS ON 3 AUGUST, 2017

Al Khaleej Takaful Group has announced its intent to disclose the reviewed financial reports for the period ending June 30, 2017 on 3/8/2017.

AL-KHALEEJ TAKAFUL TO DISCLOSE ITS 1ST QUARTER FINANCIAL STATEMENTS ON APRIL 27, 2017

Al-khaleej Takaful Group announces its intent to disclose its first quarter Financial Statements results for the year 2017 on Thursday 27 April, 2017. 

AL KHALEEJ TAKAFUL DECIDES TO DISCLOSE THE 3RD QUARTER FINANCIAL STATEMENTS ON OCTOBER 26, 2017

Al Khaleej Takaful Group announces its intent to disclose the 3rd quarter financial statements for the period ending September 30, 2017, on 26 October 2017.

AL-KHALEEJ TAKAFUL GROUP DISCLOSES ITS FINANCIAL STATEMENTS FOR THE FIRST QUARTER ENDED 31/3/2017

AL-KHALEEJ TAKAFUL GROUP disclosed its financial statements for the period ended on 31.3.2017. The statements shows that the net profit is QR 13,870,816 Compared to net profit amounting to QR 14,167,458 For the same period of the previous year.
Earnings per Share (EPS) amounted to QR 0,54 For the period ended March 31, 2017 to EPS amounted to QR 0,55 for the same period of the previous year.

AL-KHALEEJ TAKAFUL HOLDS ITS AGM AND EGM ON 5/4/2017 AND ANNOUNCES THE AGENDA

Al-khaleej Takaful Group announces that the Ordinary and Extraordinary General Assembly Meeting that will be conducted on 5/4/2017 to look in:
 
The Agenda of the Ordinary General Assembly Meeting:
 
1 - Hearing Board of Director’s Report about the company’s activities and financial position for the year ending 31.12.2016 and the future plan of the company.
2 -  Hearing Auditors Report about company’s financial statements for the year ending 31.12.2016.
3 - Hearing the Sharia’s Authority Report on the activities for the financial year 2016.
4 - Discussing and approving the balance sheet of the company and accounts of profits & losses for the fiscal year ending 31.12.2016 and approving the BOD recommendation to distribute 6% cash dividends to shareholders.
5 - Discharging the BOD of the responsibility of fiscal year 2016 & determining their remuneration.
6 - Discussing the governance report of the company for the year 2016.
7 - Appointing the External Auditor for the year 2017 & determining their fees.
8-  Appointing the Sharia’s Authority for the year 2017 & determining their fees.
9 - Approve transaction with related parties.
10- Election of Board Members for 3 Years 2017 – 2018 – 2019.
 
 
The Agenda of the Extra-Ordinary 
 
 
 
1-  Amended the Company’s introductory paragraph of Association which is:
 
Al Khaleej Insurance Company (Q.S.C.) has been established under the provisions of law No. 3 of 1961, organizing shareholding companies. Its status and Memorandum of Association has been amended as per law No. 11 of 1981, by enacting Commercial Companies Law and amendments thereto. Its status and Memorandum of Association has been amended in accordance with the provisions of Commercial Companies Law issued by law No. 5 of 2002, subject to the following provisions. Its status and Memorandum of Association has been amended in accordance with provision of commercial company’s law No. 11 of 2015 and with law No. 13 of 2012 on Qatar Central Bank and the regulation of financial institution and the Extra ordinary resolutions up to March 2016.
  To be read as the following:
Al Khaleej Insurance Company (Q.S.C.) has been established under the provisions of law   No. 3 of 1961, organizing shareholding companies. Its status and Memorandum of Association has been amended as per law No. 11 of 1981, by enacting Commercial Companies Law and amendments thereto. Its status and Memorandum of Association has been amended in accordance with the provisions of Commercial Companies Law issued by law No. 5 of 2002, subject to the following provisions. Its status and Memorandum of Association has been amended in accordance with provision of commercial companies law No. 11 of 2015 and with law No. 13 of 2012 on Qatar Central Bank and the regulation of financial institution and the Extra ordinary resolutions  up to April 2017.
 Without prejudice to the provisions of commercial companies law No. 11 of 2015 which are applied to financial services offered by the company as well as the Fatwa & Sharia Supervisory authority and also in case of merging or liquidation of the company, the provision of law No. 13 of 2012 on Qatar Central Bank and the regulation of financial institutions will be implemented.
 
2- Amend the Article 23 of the Association which is:
The Company shall be run by Board of Directors to be composed of 10 members erected by the Ordinary General Assembly through confidential voting 
To be read as:
The Company shall be run by Board of Directors to be composed of 9 members erected by the Ordinary General Assembly through confidential voting.
 
3- Amend the current Name of the Company from:
 Alkhaleej Takaful Group To Alkhaleej Takaful Insurance.

AL KHALEEJ TAKAFUL GROUP DISCLOSES INTERIM FINANCIAL STATEMENT FOR THE SIX MONTH PERIOD ENDED JUNE 30, 2017

AL KHALEEJ TAKAFUL GROUP disclosed its reviewed financial statements for the period ended on 30.06.2017. The statements shows that the net profit is QR 16,454,465 Compared to net profit amounting to QR 14,836,815 For the same period of the previous year.
 
The Earnings per Share (EPS) amounted to QR 0,64 For the period ended June 30, 2017 to EPS amounted to QR 0,58 for the same period of the previous year.

THE AGM OF AL-KHALEEJ TAKAFUL ENDORSES ITEMS LISTED ON ITS AGENDA AND APPROVES THE DISTRIBUTION OF 6% CASH DIVIDENDS

Al Khaleej Takaful Group announced the resolutions of Ordinary and extraordinary General Assembly Meetings held on 5/4/2017approved the following:
  
 
Decisions of the Ordinary General Assembly Meeting :
 
1 - Hearing Board of Director’s Report about the company’s activities and financial position for the year ending 31.12.2016 and the future plan of the company.
2 -  Hearing Auditors Report about company’s financial statements for the year ending 31.12.2016.
3 - Hearing the Sharia’s Authority Report on the activities for the financial year 2016.
4 - Discussing and approving the balance sheet of the company and accounts of profits & losses for the fiscal year ending 31.12.2016 and approving the BOD recommendation to distribute 6% cash dividends to shareholders.
5 - Discharging the BOD of the responsibility of fiscal year 2016 & determining their remuneration.
6 - Discussing the governance report of the company for the year 2016.
7 - Appointing the External Auditor for the year 2017 & determining their fees.
8-  Appointing the Sharia’s Authority for the year 2017 & determining their fees.
9 - Approve transaction with related parties.
10- Election of Board Members for 3 Years 2017 – 2018 – 2019 .
 
 
The Decisions of the Extra-Ordinary General Assembly Meeting :
 
1. Amended the Company’s Introductory paragraph of Association as required 
by the Qatar Central Bank .
2. Amend the Article 23 of the Association to be as : ( The company shall be run by Board of Directors to be composed of 10 members elected by the Ordinary General Assembly through confidential voting ). 
3- Amend the current Name of the Company from:
 Alkhaleej Takaful Group to   Alkhaleej Takaful Insurance.

AL-KHALEEJ TAKAFUL GROUP DISCLOSES ITS FINANCIAL STATEMENTS FOR ENDED YEAR 31/12/2016

AL-KHALEEJ TAKAFUL GROUP disclosed its financial statements for the period ended on 31.12.2016. The statements shows that the net profit is QR 13,291,290 Compared to net profit amounting to QR43,388,776 For the previous year 2015 .
 
Earnings per Share (EPS) amounted to QR 0,52 For the year ended December 31, 2016 to EPS amounted to QR 1,7 for the previous year 2015 .
The Board of Directors has recommended distribution 6% cash dividend of initial value equivalent to 
 

 

Alkhaleej Takaful Insurance Company is licensed and approved by the Central Bank of Qatar under the license number 5/1979

  

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