Economy Country November 15, 2024

Emirates Takaful Turns Profitable in Q3 2024

Emirates Takaful reported a profit of 8.8 million dirhams in Q3 2024, a significant turnaround from a loss of 851,000 dirhams in the same period last year.


Emirates Takaful Turns Profitable in Q3 2024

"Takaful Emirates" achieved profitability in the third quarter of 2024 with a value of 8.8 million dirhams, compared to losses amounting to 851 thousand dirhams in the same period of the previous year. This shift is considered a significant achievement for the company operating in the insurance sector.

The company was able to achieve this positive change thanks to a new strategy it adopted, which contributed to increasing revenues and improving overall financial performance. Reports have indicated that this achievement clearly reflects the significant efforts exerted by the team working in the company.

In a comment by the official spokesperson for the company, he stated: "We are pleased with the progress we have made during the third quarter of this year. Achieving profitability reflects our commitment to providing high-quality services to our clients and realizing financial sustainability for the company."

This positive development enhances the position of "Takaful Emirates" in the insurance market and gives a positive signal to investors and customers alike.