Islamic Insurance Net Profit Rose to QR57.48 Million in Q3 2018

October 22, 2018

Qatar Islamic Insurance Company net profit amounted to QR57.48 million, compared to QR50.14 million for the same period last year, while the company’s earnings per share reached QR3.83 until end of the third quarter of 2018, versus QR3.34 for the corresponding period of 2017.

The Group’s Comments:

Islamic Insurance total revenues for the nine months ended on 30/09/2018 rose by 17.8% to QR88.6 million, of which 75 million generated from were for the Agency Fees, while total expenses also climbed by 23.9% to QR25.1 million. Resulting in the increase of the net profit by 14.7% to QR57.5 million.