Abu Dhabi – Mubasher: Methaq Takaful Insurance Company turned to losses in the third quarter of 2016, according to a bourse statement.

Losses reached AED 1.72 million ($468,200) in Q3-16, against profits of AED 710,450 ($193,400) in Q3-15.

The company incurred losses of AED 1.33 million in the first nine months of 2016, against profits of AED 1.04 million in the prior-year period.