Qatar Insurance Company (S.A.Q.) Discloses Financial Statement For The Year Ended December 31, 2016

 

December 25, 2017

 

Qatar Insurance Company's net profit amounted to QR 1.03 billion compared to QR 1.04 billion registered last year.The board recommended Cash Dividends )%15) from the share par value, i.e. after obtaining the necessary approvals from respective governing bodies.

 

The Group's Comment

 

QIC's total income declined 3.3% to QR1.75 billion in 2016, including QR 843.7 million as net outcome of subscription to the company's shares, QR 811.5 million as investment revenues. Operational and administrative expenses fell by 6.3% to QR 684.9 million. As result, profit attributable to shareholders fell by 1 % to QR 1034 million.