Takaful Oman Insurance sees profits increase 10-fold
Source: Middle East Insurance Review | Apr 2016
Takaful Oman Insurance’s total income has increased 10 times from OMR308,644 in 2014 to OMR3 million in 2015, unaudited figures have shown. The reason for the increase was not stated.
Gross contributions increased from OMR582,377 in 2014 to OMR7.7 million in 2015. The deficit from takaful operations widened to OMR1.7 million in 2015 from OMR201,482 in the previous year. Earnings per share was OMR0.017 in 2015.
OMR1 = US$2.59