First Takaful Insurance Announces Earnings Results for the Second Quarter and Six Months of 2014
For the six months, the company's net loss amounted to KD 5.83 million, versus a net profit of KD 104,068 for the first half of 2013. Net loss per share was 58.35 fils, against a net profit of 1.04 fils a year ago. The loss was largely due to a KD 3.9 million write-off on the investment in Saudi Arabia-based Weqaya Takaful Insurance and Reinsurance Co.