IslamicFinance.de

The Board of Directors of Al-Khaleej Takaful Group has agreed to increase the company's stake in Qatari Unified Bureau Insurance to 25 % from 20 % at a cost of QAR 6.75 mn. Al-Khaleej Takaful Group reported net profit of QAR 43.38 mn for the year to end-December 2015, down from QAR 74.4 mn a year earlier. Qatari Unified Bureau Insurance is a limited liability company which provides insurance on vehicles entering the country and sells insurance cards for vehicles travelling outside the country.