Cairo-Mubasher: Al Khaleej Takaful Group has announced in a bourse filing to Qatar Exchange (QE) that Standard & Poor's Ratings Services (S&P’s) affirmed its ‘BBB’ long-term counterparty credit and insurer financial strength ratings on the company. S&P’s also revised its outlook to stable on Al Khaleej Takaful.


The group’s stock inched up 0.76% to QAR 53.20 at the closing of Sunday’s session, at a turnover of QAR 969.99 THD, after 18.32 THD shares were exchanged through 16 transactions.

 

Worth noting, the company has reported a profit rise by 12.6% to QAR 74.4 million during the fiscal year 2014, compared to QAR 66.05 million during the fiscal year 2013.