AL KHALEEJ TAKAFUL GROUP DISCLOSES DISTRIBUTION DISCLOSES THE REVIEWD SEMI ANNUAL FINANCIAL STATEMENTS
10-08-2011

Al Khaleej Takaful Group discloses the semi annual financial statements for the period ending June 30, 2011. The reviewed financial statements for the period ending June 30, 2011 revealed a net profit of QR57.02 million in comparison to QR 64.27 million for the same period last year.

The Company’s Earning per Share (EPS) amounted to QR 4.01 as of June 30, 2011 versus QR 4.51 for the corresponding period in 2010.

 
 
AL KHALEEJ TAKAFUL GROUP DECIDES TO DISCLOSE THE SEMI-ANNUAL FINANCIALS ON AUGUST 10th, 2011
21-07-2011

Al Khaleej Takaful Group announces its intent to disclose the reviewed financial reports for the period ending June 30, 2011 on 10/8/2011. 

 
AL KHALEEJ TAKAFUL GROUP DISCLOSES INTERIM FINANCIAL STATEMENT FOR THE THREE MONTH PERIOD ENDED MARCH 31, 2011
24-04-2011

 

Al Khaleej Takaful Group disclosed the interim financial statement for the three month period ended March 31, 2011.  The financial statements revealed a net profit of QR 44 million in comparison to QR 48.9 million for the corresponding period in 2010.

The Earnings per Share (EPS) amounted to QR 3.09 as of March 31, 2011 versus QR 3.44 of the same period in 2010.

 

AL KHALEEJ TAKAFUL GROUP TO DISCLOSE ITS 1ST QUARTER FINANCIAL RESULTS ON APRIL 25, 2011
10-04-2011

Al Khaleej Takaful Group announces its intent to disclose its first quarter financial results for the year 2011 on Monday 25 April 2011.

 

THE AGM AT AL KHALEEJ TAKAFUL ENDORSES ALL ITEMS ON ITS AGENDA AND APPROVES THE DISTRIBUTION OF 30% CASH DIVIDEND AND MODIFIES THE NAME OF THE COMPANY TO ALKHALEEJ TAKAFUL GROUP
22-02-2011
 

Al Khaleej Takaful Insurance And Reinsurance Company announces the results of the Ordinary and Extra-Ordinary General Assembly Meetings held on Monday, 21st February 2011 at Ramada Hotel – Jiwana Hall and the following resolutions were finalised :-

 

 

The Ordinary General Assembly Meeting:

 

1-    Approved the Board of Directors Report on the activities of the company, its financial positions for the year ended 31.12.2010 and the future plan.

 

2-    Approved the report of the Shari'''' a Supervisory Board for the financial year ended 31.12.2010.

 

3-    Approved the External Auditors Report of the company''''s balance sheet for the financial year ended 31.12.2010.

 

4-    Approved the balance sheet, the profit & loss accounts for the financial year ended 31.12.2010.

 

5-    Approved the Board of Directors distribution of 30% as cash dividends to shareholders, equivalent to QR 3/share.

 

6-    To consider discharging the members of the Board of Directors and fixing their remunerations.

 

7-    Re-appointed Ernst & Young as company auditors for the year 2011.

 

8-    Elected the members of the Board of Directors for the period (2011 – 2013) as per the list attached :

 

1-    1- SH. JASSIM BIN ABDULLAH MOHD. JABOR AL-THANI

2- MR. KHALED ABDULAZIZ AHMAD AL-BAKER

3- SH. SAUD BIN ABDULLAH MOHD. JABOR AL-THANI

2-    4- SH. ABDULLAH BIN AHMAD ABDULLAH AL-THANI

(GULF TRADING & CONTRACTING CO.)

5- MR. HASSAN BIN HASSAN AL-MULLA

     (HASSAN BIN HASSAN AL-MULLA AND SONS CO.)

6- SH. ABDULLAH BIN MOHD. JABOR AL-THANI

7- SH. ABDULLAH BIN NASSER AL-AHMAD AL-THANI

8- MR. ABDULLAH ALI MOHD. AL-ANSARI

9- MR. ALI RIDA HASSAN AL-BANNAI

10- SH. FAHAD BIN MOHD. JABOR AL-THANI

The Extra-Ordinary General Assembly Meeting:

   To amend article (3) in the main register to modify the name of the company to Alkhaleej Takaful Group.

 

 

AL KHALEEJ TAKAFUL ANNOUNCES THE AGENDA FOR ITS AGM AND EGM EXPECTED ON FEBRUARY 21, 2011
07-02-2011

Alkhaleej Takaful Insurance & Reinsurance announces that the Ordinary and   Extra-Ordinary General Assembly Meeting will be held on Monday 21.2.2011 at Ramada Hotel (Jiwana Hall) – 4.00 PM, in case the required quorum is not maintained a second meeting will be held on Monday 7.3.2011 same venue.

 

The Agenda of the Ordinary General Assembly Meeting:

1-    To hear and approve the Board of Directors Report on the activities of the company, its financial positions for the year ended 31.12.2010 and the future plan.

 

2-    To hear and approve the report of the Shari'''' a Supervisory Board for the financial year ended 31.12.2010.

 

3-    To hear and approve the External Auditors Report of the company''''s balance sheet for the financial year ended 31.12.2010.

 

4-    To discuss and approve the balance sheet, the profit & loss accounts for the financial year ending 31.12.2010.

 

5-    To approve the Board of Directors distribution of 30% as cash dividends to shareholders, equivalent to QR 3/share.

 

6-    To consider discharging the members of the Board of Directors and fixing their remunerations.

 

7-    To appoint the External Auditors for the financial year 2011 and to determine their fees.

 

8-    Election of members of the Board of Directors for the next period      (2011-2013).

 

The Agenda of the Extra-Ordinary General Assembly Meeting:

1-   To modify the article (3) in the main register to modify the name of the company to Alkhaleej Takaful Group.
 

 

AL KHALEEJ TAKAFUL DISCLOSES 2010 FINANCIALS WITH QR 72.8 MILLION IN NET PROFIT AND RECOMMENDS THE DISTRIBUTION OF 30% CASH DIVIDEND
03-02-2011

Al Khaleej Takaful Insurance And Reinsurance Company disclosed the financial statements ended December 31, 2010. The financials revealed a net profit of QR 72.8 million in 2010 versus QR 68 million in 2009 .

The company’s EPS amounted to QR 5.11 in 2010 compared to QR 4.7 in 2009 .

Also the Board of Directors have decided to submit a proposal to the Ordinary General Assembly Meeting to recommend distribution of 30% as cash dividends to shareholders, equivalent to QR 3/share, which will be held on Monday 21/2/2011 at Ramada Hotel – Jiwana Hall.

Also the Board of Directors submitted a proposal to extra-Ordinary General Assembly Meeting to modify the name of the company to Alkhaleej Takaful Group.


 

Al Khaleej Takaful opens candidacy for Board directorship for the next three years as from Sunday 16/1/2011
10-01-2011

Al Khaleej Takaful Insurance & Reinsurance Company announces that it will start accepting the candidates request for Board Directorship for the next three years from Sunday 16/1/2011 until Thursday 27/1/2011 (2.00 PM), as per the conditions indicated in the attached announcement.

 

Elections will take place during the AGM which will be held on Monday 21/2/2011 at Ramada Hotel – Jiwana Hall and an alternate meeting will be held on Tuesday 7/3/2011 at the same venue.

 

To view the company’s press release, click here:

 

THE BOD OF AL KHALEEJ TAKAFUL HOLDS A MEETING ON 2 FEBRUARY, 2011 TO DISCUSS THE FINANCIAL STATEMENTS FOR THE PERIOD ENDING 31/12/ 2010, AND PROPOSED DIVIDENDS AND HOLDS IT'S AGM MEETING ON 21/2/2011
10-01-2011

Al Khaleej Takaful Insurance & Reinsurance Company announces that its Board of Directors (BOD) will hold a board on Wednesday 2/2/2011 to discuss the audited financial statements for the financial year ended at 31/12/2010 and the recommendations on shareholder''''s profit distribution, which will be submitted to the General Assembly of the Company.

 

Also the General Assembly Meeting will be held on Monday 21/2/2011 at Ramada Hotel – Jiwana Hall and an alternate meeting will be held on Tuesday 7/3/2011 at the same venue.

 

AL KHALEEJ TAKAFUL DISCLOSES THE INTERIM FINANCIAL STATEMENTS FOR THE PERIOD ENDING SEPTEMBER 30, 2010
18-10-2010

Al Khaleej Takaful Insurance & Reinsurance Company discloses the interim financial statements for the period ending September 30, 2010. The interim financial statements revealed a net profit of QR 71,9 million for the nine months period ended September 30, 2010 in comparison to a net profit of QR 45,7 million for the corresponding period last year.  

 

The company’s Earnings per Share (EPS) amounted to QR 5.05 for the period ended September 30, 2010 versus QR 3.21 for the corresponding period in 2009.

 

AL KHALEEJ TAKAFUL DECIDES TO DISCLOSE 3RD QUARTER FINANCIAL STATEMENTS ON OCTOBER 19, 2010
29-09-2010

Al Khaleej Takaful Insurance & Reinsurance announces its intent to disclose the 3rd quarter financial statements for the period ending September 30, 2010 on 19-10-2010.

 

AL KHALEEJ TAKAFUL DISCLOSES THE REVIEWD SEMI ANNUAL FINANCIAL STATEMENTS
10-08-2010

Al Khaleej Takaful Insurance & Reinsurance discloses the semi annual financial statements for the period ending June 30, 2010. The reviewed financial statements for the period ending June 30, 2010 revealed a net profit of QR 64,3 Million in comparisons to QR 43,7 Million for the same period last year.

 

The Company’s Earning per Share (EPS) amounted to QR 4.51 as of June 30, 2010 versus QR 3.08 for the corresponding period in 2009.

 

THE BOARD AT AL KHALEEJ TAKAFUL MEETS ON AUGUST 9, 2010 TO DISCUSS AND APPROVE THE SEMI-ANNUAL FINANCIALS AND DECIDES TO HOLD A PRESS CONFERENCE ON AUGUST 17, 2010
15-07-2010

 Al Khaleej Takaful Insurance & Reinsurance announces that its board of directors will meet on Monday August 9, 2010, to discuss and approve the reviewed financial reports for the period ending June 30, 2010.

 

The company also announces its intent to hold a press conference on Tuesday evening August 17, 2010 at 9.00 PM at Alkhaleej Takaful Insurance & Reinsurance co, Head office in Grand Hamad street – Second floor , to the financial statements for the period ending June 30, 2010. 

 

AL KHALEEJ INSURANCE DISCLOSES INTERIM FINANCIAL STATEMENT FOR THE THREE MONTH PERIOD ENDED MARCH 31, 2010
20-04-2010
Al Khaleej Insurance and Reinsurance Takaful disclosed the interim financial statement for the three month period ended March 31, 2010.  The financial statements revealed a net profit of QR 49 Million in comparison to QR 37.2 Million for the corresponding period in 2009.

The Earnings per Share (EPS) amounted to QR 3.44 as of March 31, 2010 versus QR 2.64 of the same period in 2009.

 

AL KHALEEJ INSURANCE TO DISCLOSE ITS 1ST QUARTER FINANCIAL RESULTS ON APRIL 20, 2010
07-04-2010

 Al Khaleej Insurance and Reinsurance Takaful announces its intent to disclose its first quarter financial results for the year 2010 on Tuesday 20th April 2010.


THE AGM AT AL KHALEEJ TAKAFUL INSURANCE ENDORSES THE ITEMS LISTED ON ITS AGENDA AND APPROVES THE 30% CASH DIVIDEND DISTRIBUTION
31-03-2010
Al Khaleej Insurance and Reinsurance Takaful announces the results of its Annual General Assembly Meeting (AGM) results held on Tuesday 30th March, 2010 at Ramada Hotel - Jiwana Hall and the following resolutions were finalised:
 

1- Approved the Board of Directors Report on the activities of the company, its financial positions for the year ended 31st December, 2009 and the future plan.

2- Approved Sharia report of Qatar Takaful Company activity.

3- Approved the External Auditors Report of the companys balance sheet and the accounts provided by the Board of directors for the year ending  31st December, 2009.

4- Approved the balance sheet, the Profit & Loss Accounts for the financial year ending 31st December, 2009.

5- Approved the Board of Directors distribution of 30% as cash dividends to shareholders, equivalent to QR 3/share.

6- Discharged the Board of Directors from their responsibilities for the year ending 31st December, 2009 and fixed their remunerations.

7- Re-appointed Ernst & Young as company auditors for the year 2010.


(18/02/2010) AL KHALEEJ TAKAFUL INSURANCE & REINSURANCE ANNOUNCES PRELIMINARY 2009 FINANCIAL RESULTS AND RECOMMENDS 30% CASH DIVIDEND DISTRIBUTION

  
     
 

Al Khaleej Takaful Insurance & Reinsurance announces that the Board of Directors have met on Thursday 18th February, 2010 in order to discuss the draft of financials, the profit and loss accounts. 

The company’s financial statements revealed a net profit of QR 73.8 Million in 2009 compared to QR 87 Million in 2008, and the Earning per Share (EPS) amounted to QR 5.19 in 2009 compared to QR 6.12 in 2008.

The Board of Directors have recommended dividend distribution of 30% in cash dividends (QR 3/share).

The recommendation will be submitted to the Ordinary Assembly General Meeting for their approval which will be held on Tuesday 30th March, 2010 at Ramada Hotel – Doha – 4.00 PM.

 

(27/12/2009) AL KHALEEJ INSURANCE & REINSURANCE SHIFTS OPERATIONS TO TAKAFUL: SHARIAH COMPLIANT INSURANCE PRACTICE

Alkhaleej Insurance & Reinsurance is pleased to announce that it is set to embark on its activities according to the Islamic Insurance Practice and shifts from Conventional Insurer to Takaful based Insurer commencing 1st January 2010.       
           
With respect to the above amendment, the company name is changed to Alkhaleej Takaful Insurance and Reinsurance, effective from January first of the forthcoming year. The name change should be perceived as an acknowledgement of the Islamic Insurance practice the company has formally adapted. Despite its significant transformation, the establishment will continue to operate in its current location and all its contact information will remain un-changed. The new logo that reflects the strengthened identity of the company is to be published on its website very soon.

Alkhaleej Takaful Insurance & Reinsurance seeks to be a leading player in the Islamic Insurance Industry adapting the Shariah Compliant Insurance Practice: Takaful. With its redefined identity, the company intends to contribute to the growth and development of the Cooperative and Mutual Insurance Industry-Takaful in the country, utilizing the experience gained from Conventional Insurance System for over the past thirty plus years.      

The corporation recognizes the power of the Islamic Insurance method and thus takes pride in implementing it. Alkhaleej Takaful Insurance & Reinsurance appreciates that Takaful-Shariah Compliant Insurance does not focus on profit alone but rather addresses risk factors and alleviates their impacts securing the needs of people through reaching to them in unfortunate times. The company hopes to introduce & establish more innovative Islamic Insurance schemes far beyond its traditional activities for the benefit of its clients to keep offering the best products and services they need.

 

(23/07/2009) AL KHALEEJ INSURANCE & REINSURANCE COMPANY DISCLOSES THE REVIEWED SEMI ANNUAL FINANCIAL STATEMENTS

  
     
 

Al Alkhaleej Insurance & Reinsurance Company discloses the semi annual financial statements for the period ending June 30, 2009.  The reviewed financial statements for the period ending June 30, 2009 revealed a net profit of QR 43.8 million in comparison to QR 103.8 million for the same period last year.  The company’s Earning per Share (EPS) amounted to QR 3.08 as of June 30, 2009 versus QR7.29 for the corresponding period in 2008.

 

(17/02/2009) AL KHALEEJ INSURANCE & REINSURANCE COMPANY ANNOUNCES AGENDA FOR ITS AGM EXPECTED ON MARCH 9, 2009  

Al Khaleej Insurance & Reinsurance announces the Ordinary General Assembly meeting invitation to be held on Monday 9th March, 2009 at Millennium Hotel (Simsima Hall) – 4.00 PM, in case the required quorum is not maintained a second meeting will be held on Monday 16th March, 2009 same venue and time

The Agenda of the Ordinary General Assembly Meeting:

1-Hearing and approving the Board of Directors Report on the activities of the company, its financial positions for the year ended 31st December, 2008 and the future plan.

2-Hearing the External Auditors Report of the company's balance sheet and the accounts provided by the Board of directors for the year ending 31st December, 2008 .

3-Approving the balance sheet, the Profit and Loss Accounts for the financial year ending 31st December, 2008.

4-Approving the Board of Directors distribution of 30% as cash dividends to shareholders, equivalent to QR 3/share.

5-To consider discharging the members of the Board of Directors and fixing their remunerations.

6-Appointment of External Auditors for the financial year 2009 and specifying their wages.

 

(11/02/2009) AL KHALEEJ INSURANCE & REINSURANCE COMPANY ANNOUNCES SELLING PART OF ITS STAKE IN BAHRAIN NATIONAL LIFE ASSURANCE COMPANY TO DOHA BANK ASSURANCE COMPANY.  

Al Khaleej Insurance and Re-Insurance Company announced its approval to sell part of its stake in Bahrain National Life Assurance Company to Doha Bank Assurance Company for an amount of QR 5 million, after obtaining the necessary approvals from the Board of Directors of the company and the competent authorities in Manama-Kingdom of Bahrain.

It is noteworthy to state that Al Khaleej Insurance and Re-Insurance Company owns 25% stake on Bahrain National Life Assurance.

 

(11/02/2009) AL KHALEEJ INSURANCE DISCLOSES 2008 AUDITED FINANCIAL RESULTS & DECLARES QR 87 MILLION IN NET PROFIT  

Al Khaleej Insurance & Reinsurance disclosed the financial statements for the year ended December 31, 2008.  The financial statements revealed a net profit of QR 87 million versus QR 77.4 million in 2007.  The Earning per Share amounted to QR 6.12 in 2008 versus QR 5.44 in 2007.

It is not worthy to state that the BOD has recommended to the Ordinary Assembly Meeting for their approval the distribution of 30% cash dividends (QR 3).  The Ordinary Assembly Meeting is expected to take place on Monday, March 9, 2009, at the Millennium Hotel.

 

(11/02/2009) THE BOD AT AL KHALEEJ INSURANCE APPROVED THE PURCHASE OF AL JISR TAKAFUL COMPANY FOR QR 5,050,000.  

Al Khaleej Insurance & Reinsurance announces that the Board of Directors has approved the purchase of AL-Jisr Takaful Company (Q.S.C. under formation) for a value of QR 5,000,000 in addition to 1% (formation expenses) for a total value of QR 5,050,000, representing 2% of the company’s paid-up capital which equates to 250 Million.

Al-Jisr Takaful Company is established between the National Insurance Companies and participation of other parties in both countries. The establishers own 40% of the paid-up capital and the remainder of the paid-up capital which is 60% will be equally divided between the citizens of both countries for the public (I.P.O.)

 

(13/01/2009) THE BOD OF AL KHALEEJ INSURANCE & REINSURANCE RECOMMENDS 30% CASH DIVIDEND DISTRIBUTION FOR THE YEAR 2008.  

The Board of Directors (BOD) at Al Khaleej Insurance and Reinsurance Company announces the board meeting results held on Monday, January 12, 2009.  The BOD has decided to recommend to the Annual General Assembly the distribution of 30% cash dividends, equivalent to QR 3/share for the year ending December 31, 2008.