Dar Al Takaful targets 40% growth
- United Arab Emirates: Monday, September 17 - 2012 at 12:18
Dubai-based Dar Al Takaful has expressed confidence in achieving premium targets set for 2012, as the Islamic insurer plans to introduce various products to target small and medium enterprises, travel, medical and institutional business to bring profitable volumes, Khaleej Times has reported. The firm plans to grow by at least 40% each year for the next two years. It has already achieved an 85% year-on-year growth in its premium business during the first seven months of this year, the managing director of Dar Al Takaful, Saleh Al Hashimi told the daily. "We achieved a gross contribution [premium] income of Dhs46.81m as at July 31, 2012, compared with Dhs25.3m in the same period last year. We are likely to reach around Dhs75m in 2012 and Dhs100m plus in 2013," he said.
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