Year-End Financial Statements of AL-TAKAFUL PALESTINIAN INSURANCE(TIC) for the year 2016

According to financial statements for year 2016, Net profit after tax of the period reached 812,974 USD Compared with Net profit after tax 843,738 USD for 2015, a net decrease in profit of 3.65%.Total assets of the company reached 42,424,694 USD compared with total assets of 33,718,251 USD at the end of year 2015, a net increase of 25.82%.Total liabilities of the company reached 30,947,269 USD compared with total liabilities of 23,660,481 USD at the end of year 2015, a net increase of 30.79%. Net ownership equity of the company reached 11,477,425 USD compared with total owner equity of 10,057,770 USD at the end of year 2015, a net increase of 14.12%.Noting that paid-in capital increased from 8,500,000 USD in year 2015 to 9,350,000 USD of this year,a net increase of 10.00%

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