Takaful Malaysia to pay record-breaking dividend

KUALA LUMPUR: Syarikat Takaful Malaysia Bhd ( Takaful Malaysia) yesterday announced a record-breaking dividend payout for its financial year ended Dec 31, 2013.

In a statement yesterday, Takaful Malaysia said on the back of the tremendous results achieved in 2013, the company has proposed a final single-tier dividend of 40 per cent which was approved by shareholders at the annual general meeting yesterday.

“With the proposed final dividends, the total single-tier dividends for 2013 including the two interim dividends paid during the year will be 82 per cent and this translates into a dividend yield of 6.6 per cent based on the company’s share closing price of

Takaful Malaysia’s ultimate goal is to outpace the market and firmly establish the company as the preferred choice not just amongst takaful companies but all conventional insurance providers as well. Datuk Mohamed Hassan Kamil, Takaful Malaysia group managing director

RM12.40 as at April 21, 2014,” it said.

For financial year ended Dec 31, 2013, Takaful Malaysia’s profit after tax and zakat grew by 34 per cent to RM134.4 million from RM100.1 million in the previous fi nancial year.

Takaful Malaysia’s group managing director Datuk Mohamed Hassan Kamil said this year, Takaful Malaysia would celebrate its 30th anniversary.

The company would continue to emphasise the four core areas of customer reach, operational agility, cost competitiveness and stakeholder confidence, he said.

“Takaful Malaysia’s ultimate goal is to outpace the market and firmly establish the company as the preferred choice not just amongst takaful companies but all conventional insurance providers as well,” he said. — Bernama