|General Thakaful is still focusing on its insurance operations as well as its strategic investments inside Qatar in the faith of supporting the national economy. Nevertheless, the company is in search of investment opportunities in the Arab region in order to strengthen its balanced position in the local and regional market. In addition to its existence in the United Arab Emirates market, the company is working towards participating in significant and strategic investments in Libya, Syria, Algeria, Oman and the Kingdom of Saudi Arabia.General Thakaful Company has achieved outstanding results on both of its insurance and investment operations despite the volatility in the Arab financial market. The following is an overview of the results of operation for the year 2005.1. Total insurance premiums have increased to QR 350,565,000 (Three hundred fifty million and five hundred sixty five thousand Qatari Riyal) compared to QR 281,480,000 (Two hundred eighty one million and four hundred eighty thousand Qatari Riyal) in 2004, with total increase of QR 69,085,000 (Sixty nine million and eighty five thousand Qatari Riyal) which represents a growth of 25% over last year.
2. The company has achieved a net profit of QR 104,403,000 (One hundred and four million and four hundred and three thousand Qatari Riyal). In addition, the technical reserves have increased to QR 95,655,000 (Ninety five million and six hundred fifty five thousand Qatari Riyal) Compared to QR 68,395,000 (Sixty eight million and three hundred ninety five thousand Qatari Riyal) in 2004, with total increase of QR 27,260,000 (twenty seven million and two hundred sixty thousand Qatar Riyal) which represents a growth of 40% over last year.
3. The shareholders equity has increased to QR 1,135,108,000 (One billion and one hundred thirty five million and one hundred and eight thousand Qatari Riyal) compared to QR 635,306,000 (Six hundred thirty five million and three hundred and six thousand Qatari Riyal) in 2004, with total increase of QR 499,802,000 (Four hundred ninety nine million and eight hundred and two thousand Qatari Riyal) representing a growth of 79% over last year.