Dar Al Takaful incurs nearly AED 54m accumulated losses in Q1-23

Dar Al Takaful incurs nearly AED 54m accumulated losses in Q1-23

reported accumulated losses amounting to AED 53.70 million as of 31 March 2023. The incurred losses account for 20.60% of the paid-up capital, according to a bourse filing. In the first three months (3M) of 2023, the UAE group reported net losses worth AED 2.80 million. Meanwhile, the revenues hiked by 52% year-on-year (YoY) in the first quarter (Q1) of 2023, backed by steady performance improvements and high retention in the motor. commented: Aldhaheri noted. Last March, the DFM-listed firm , an investment holding firm.