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.