Watania Takaful’s profits up 78% in nine months

Watania Takaful’s profits up 78% in nine months

Abu Dhabi / Emirates BusinessNational Takaful Company (Watania) announced positive financial results in nine month during the financial of 2020, as the company's net profits are up by 78% compared to corresponding period last year. The company achieved net profit of AED 17.8 million in nine month during the financial year 2020 as against AED 10.0mn in nine months for the financial year 2019. Dr Ali Saeed Bin Harmal Al Dhaheri, Chairman of National Takaful Company, Watania, said on the occasion of the announcement of the company's results that the highlight of this performance is its Takaful operation which recorded a surplus of AED 12.5 million compared to AED 4.7 million for the same period in 2019 establishing a growth of 168%. “In spite of a depressed and volatile investment